Welcome to Africa’s legal blog

Never miss a beat on Africa's legal and regulatory landscape.


The What and Why of Nigeria’s Grey Listing by the Financial Action Task Force and its Implications on Businesses Operating in Nigeria

This designation indicates increased monitoring by FATF as both countries actively work to address strategic deficiencies in combating money laundering, terrorist financing, and proliferation financing.

Read More
Webber Newd

Strengthening Anti-money Laundering Processes In Lesotho: Focus On Politically Exposed Persons

Money laundering poses a significant threat to the financial system of every country, including Lesotho. To combat this illicit activity, Lesotho has implemented robust anti-money laundering (AML) laws and regulations. In this article, we will explore Lesotho's AML framew..

Read More

Beneficial Ownership Registry: A solution to financial crimes?

The recent amendments to section 55 of the companies act, 2008 have introduced a comprehensive definition of a "beneficial owner," encompassing ownership, control, and material influence over a company. In this article, we explore the potential impact of the new definitio..

Read More
Cliffe Dekker Hofmeyr

Understanding South Africa’s FATF greylisting

On 24 February 2023, the Financial Action Task Force (FATF) took the decision to include South Africa on its "grey list", thereby classifying it as a jurisdiction under increased monitoring. This decision follows the mutual evaluation report published by the FATF in..

Read More
Webber Wentzel

New accountable institutions have until 19 March to register with the FIC

Our Financial Regulation team recently prepared a client alert with details about entities that are deemed accountable institutions i..

Read More
Werksmans Attorneys

The FAFT, trusts and transparency in South Africa

Over the past 10 years, there has been large-scale domestic and international financial fraud in South Africa. Sometimes, trusts and foundations are involved, including both South African and foreign trusts, as well as charitable trusts. This increase in cross-borde..

Read More

South Africa: Grey-listing by the Financial Action Task Force

On 24 February 2023, the Financial Action Task Force placed South Africa on its ‘grey list’. This means that South Africa will be subject to increased monitoring by the FATF and is required to actively work to address identified deficiencies in its national legislation an..

Read More

Investigations, White Collar and Compliance Digest

On 12 January 2023, the Central Bank of Nigeria (“CBN”) issued its Guidance on Ultimate Beneficial Owners of Legal Persons and Legal Arrangements (“the Guidance”). The Guidance was developed by the CBN in furtherance of its 2022 anti-money laundering and anti-terrorism fi..

Read More
FB Attorneys

Whistleblower and Witness Protection Regulations Issued

n a bid to promote and facilitate reporting of organized crimes, corruption offences, unethical conduct, abuse of office, illegal and dangerous activities and to provide for the protection of whistleblowers and witnesses (witnesses) against potential retaliation or victim..

Read More
1 2 3 4
Subscribe to our newsletter