Tag: prosecution

South Africa has tightened Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations since the Financial Action Task Force (FATF) greylisting in 2023. The country has now been recently removed from the FATF greylist after two years of scrutiny. However, financial crime remains widespread.

Thousands of South Africans who have traded or invested in crypto assets may soon face severe penalties. The South African Revenue Service (SARS) has started issuing letters to individuals suspected of undeclared crypto gains. Experts warn that those who fail to act now risk not only hefty fines but also potential criminal prosecution.

The 2025 Budget Speech, delivered on 12 March 2025, made it clear that financial crime enforcement and compliance are priorities. The government has allocated increased funding for forensic investigations, regulatory oversight and tax compliance monitoring

The tragic deaths of children exposed to harmful chemicals from foreign-owned spaza shops have highlighted the need for regulations. As we push for more regulations, we must ensure that we do not harm ourselves in the process. Various legal philosophies shape one’s understanding and interpretation of the law.

Set in the tumultuous year of 1968 in southern Virginia, a murder case sets a duo of Black and white lawyers against a deeply unfair system as they work to defend their wrongfully-accused Black defendants in this courtroom drama from the number one bestselling author David Baldacci.

In the challenging economic circumstances that South Africa currently faces, the impact of fiscal responsibility – the balanced use of government spending and tax to influence the economy – on taxpayers, businesses, and the nation's overall economic well-being cannot be overstated.

The introduction of the new regulations in the Social Development Grant Act is commended and we stress the crucial role this will have in ensuring the lawful allocation of government funds. It can be emphasised that government needs to do more to hold citizens accountable for their own progress and own development.

The fiscal pressures on South African Revenue Service's (SARS) tax collection appear to have now compelled SARS to actively initiate the arrest and prosecution of taxpayers who do not accurately declare their taxable income. For long time, it has been warned that SARS possesses third-party information from banks, financial institutions, estate agents, car dealerships etc., enabling them to identify those who are not declaring their income correctly.

South Africa is facing an extraordinary ‘polycrisis’. The dimensions of this crisis include an energy collapse; a failing rail network; weak education outcomes; an interrupted water supply; and the effects of decades of endemic corruption that have brought much of government to a halt.

Zimbabwe and South Africa share a common destiny to electricity supply Armageddon. Both Southern African neighbours and traditional trade partners are currently reeling from unprecedented power shortages, with the scourge looking like it is not dissipating any time soon.