The General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill currently before Parliament is intended to keep South Africa off the grey list of the Financial Action Task Force, but it risks making life unnecessarily difficult for non-profit organisations. Archive photo: Brent Meersman
In our scramble to meet international requirements preventing financing of terrorism, South Africa risks making life unnecessarily difficult for non-profit organisations (NPOs).
The General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill currently before Parliament is intended to keep South Africa off the grey list of the Financial Action Task Force (FATF), when the next assessment is due in 2027.
FATF is an intergovernmental body that sets the international standards for combating money laundering, terrorist…
Read More: Anti-terror rules should not target crèches.
The #Youth4Climate movement encourages young people to advocate for sustainable environmental
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Fun South African Fact: Table Mountain in Cape Town is believed to be one of the oldest mountains in the world and one of the planet’s 12 main energy centres, radiating magnetic, electric or spiritual energy.
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Melktert – milk tart. One of South Africa’s most popular desserts consisting of a sweet pastry crust and a creamy milk filling, topped with cinnamon powder. Absolutely delicious!