1. Outward Remittances
The Government is well aware of how expensive it is to remit funds abroad from South Africa. In response, Treasury will conduct some reforms, to apply, which, together with more competition and exemptions in the Financial Intelligence Centre Act (2001), should hopefully reduce the compliance burden for low-risk remittances and bring lower charges.
2. Financial Surveillance Manual
The current Reserve Bank will publish a simplified financial surveillance manual on its website in ...Continue Reading →