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South Africa: FIC Amendment Bill Goes Down to the Wire
Daily Maverick, 26 January 2017
There are several battlegrounds in the current life-and-death standoff between the Gupta family and their political proxies on one side, and a growing number of opponents on the… Read more »
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South Africa: FIC Amendment Bill - It Was Always About 'Politically Exposed Persons'
Daily Maverick, 26 January 2017
Competing ANC interests exploded into the public when considerations of the constitutionality of Financial Intelligence Centre inspectors' warrantless searches turned into verbal… Read more »
Financial Bill Faces Impasse in South African Parliament
The presidents of the Progressive Professional Forum and the Black Business Council, Mzwanele Manyi and Danisa Baloyi, have argued that the Financial Intelligence Centre Amendment bill would give authority to banks to do as they please. Legal opinions by the National Treasury, the Banking Association of South Africa and the Speaker of the National Assembly, however, all concurred that the bill, in its current form, met constitutional requirements.
