Sabeeha Kathrada

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South Africa’s grey-listing: what it means, how did we get here and what are the effects?

By Desiree Reddy (ZA) and Sabeeha Kathrada on February 25, 2023 Posted in General

In an unfortunate, but expected turn of events, global money-laundering and terrorist-financing watchdog – the Financial Action Task Force (FATF) – announced on Friday 24 February that it has added South Africa to its “grey” list – as a jurisdiction under increased monitoring. What does this mean, how did we get here, and how does … Continue reading

Why a franchisor should conduct anti-bribery & corruption due diligence on franchisees

By André Vos and Sabeeha Kathrada on December 6, 2021 Posted in General

Why a franchisor should conduct anti-bribery & corruption due diligence on franchisees When supplying an independent owner with the right to use an established business, a trade name, trademark, proprietary business knowledge and business system, it is essential for a franchisor to conduct a comprehensive background due diligence on that proposed owner. South Africa has … Continue reading

No more secrets – political party funding now in the open

By André Vos and Sabeeha Kathrada on June 9, 2020 Posted in General

Political parties will soon be required to make private funding information public when the May 2020 law in this regard comes into force. The Promotion of Access to Information Act 2000 (PAIA) gives effect to the constitutional right of access to information. PAIA recognises that the pre-1994 government system resulted in a secretive and unresponsive … Continue reading

Money laundering risks in a global pandemic

By Sabeeha Kathrada and Marelise van der Westhuizen (ZA) on May 15, 2020 Posted in General

The Financial Intelligence Centre (FIC) published a notice in March 2020 indicating that there will be no relaxation of obligations under the Financial Intelligence Centre Act 2001 (FICA) during the nationwide lockdown. A robust money-laundering policy ought to form an integral part of any company’s compliance program. Business’s compliance functions must operate effectively, even if … Continue reading

Risk assessments for corporate donations

By André Vos and Sabeeha Kathrada on May 12, 2020 Posted in General

Charity contributions, sponsorships and donations often form an integral part of a company’s social responsibility initiatives. The generosity of companies making donations not only support the company in reaching its internal social responsibility targets, but also spark corporate morale and boosts a company’s public image. One of the positive sides of society’s reaction to the … Continue reading