Trust Property Control Act

Breaking down the new beneficial ownership reporting requirements for trusts

8th November 2023|Commercial Law, Trusts Law, Uncategorised|

The Amendment Act has introduced new trustee obligations into the existing South African trust law. The changes pertain to the recording and reporting of beneficial ownership of trusts. The aim of this recording is to improve transparency regarding the ownership of trust assets to assist in the combatting of a money laundering and terrorist financing.

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