High Value Goods Dealers now accountable under FICA

High Value Goods Dealers now accountable under FICA

Schedules 1 and 3 of the Financial Intelligence Centre Act 38 of 2001 (“FICA”) were amended during December 2022 to include High Value Goods Dealers in the definition of ‘accountable institutions’. A transition period for the amendments was granted for 18 months,...
Eight grounds for Insolvency: Be aware!

Eight grounds for Insolvency: Be aware!

Insolvency is the state of being unable to pay the money owed, by a person or company, on time. To be sequestrated means that your assets are sold in order to pay your debt. Under current South African Insolvency Law, a person can be sequestrated either voluntarily or...