The Financial Action Task Force (FATF) is an intergovernmental body that develops and promotes policies to protect the global financial system. The FATF identified certain areas of deficiency in South Africa that had the effect of South Africa being grey-listed in March 2023. One of the areas of strategic deficiencies identified by the FATF requires South Africa to ensure that competent authorities have timely access to accurate and up-to-date Beneficial Ownership information on legal persons...







