Why Has the Trust Property Control Act Changed in South Africa?
Bulletins issued by Overseas Trust and Pension Limited (OTAP) provide insights and commentary on topical industry matters. The bulletin and its contents are not intended as advice nor should they be construed, interpreted or used as such.
For use by Professional Advisers only.
Authored by
Ryan Levy, BCom Financial Management, Affiliate Member, STEP
International Business Consultant, Overseas Trust and Pension
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References
- General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act, 2022 (Act No. 22 of 2022)
- Trust Property Control Act, 1988 (Act No. 58 of 1988)
- Non-Profit Organisations Act, 1997
- Financial Intelligence Centre Act, 2001
- Companies Act, 2008
- Financial Sector Regulation Act, 2017
- Financial Action Task Force (FATF) Report on South Africa
- Notice No. R 3240 Regulations published in Government Gazette No. 48351
- https://www.moonstone.co.za/what-trustees-should-know-about-the-amendments-to-the-trust-property-control-act/
- Analysis of amendments by South African law firms and tax institutions