The non-profit sector is up in arms over proposed changes to a raft of laws that seek to combat money laundering and terrorism financing.
CAPE TOWN -
Government has until February 2023 to convince the Financial Action Task Force that it is meeting international anti-money laundering standards. NPO Working Group’s Nicole Copley said it was understandable the proposed Bill was both needed and urgent. But an amendment that would make it compulsory even for voluntary associations to register themselves was unworkable.
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