Page 3 - Financial Task Force News Today

The SA Revenue Service has exceeded the 2022 revenue collection by R123 billion after collecting a net revenue of R1.687 trillion in the financial year ended March 2023. Gross-tax revenue collected exceeded R2 trillion for the first time after gross revenue rose to R 2.068 trillion over the same period.

​​Following the money to combat the illegal wildlife trade in Southern Africa

Seasonal jobs usually available over the festive season boosted employment levels in the last quarter of 2022, despite increased levels of load shedding.

The law puts not-for-profit organisations such as non-governmental organisations and charities, in the same basket with banks, real estate agencies and extractives as some of the sectors...

The country’s stated shift to geo-economics can only be achieved by removing domestic barriers to FDI

Human rights defenders in Zimbabwe have called on the government to withdraw the Private Voluntary Organisations (PVO) Amendment Bill from the scheduled parliamentary processes with immediate effect.

The European Parliament last week passed a nonbinding resolution condemning the deterioration of human rights and freedoms in Hong Kong, and called for a review of the territory’s WTO membership. The resolution signals Hong Kong’s diminishing role as a non-sovereign entity. What is most striking is the dead silence of the territory’s leadership. Anxiety and insecurity best describe the mood of the ruling elite as they contemplate the end of Hong Kong’s glory days as a financial hub. In t...

HK in trouble as it loses autonomy By Joseph Tse-hei Lee 李榭熙 Once a world-class territory for entrepreneurs and investors, Hong Kong is now in trouble. Its full integration into the Chinese autocratic system began with the implementation of the National Security Law last year. Proclaiming to safeguard security without deterring investment, Beijing has imposed a top-down authoritarian rule, dictated public discourse with state-run media, and replaced civil service professionals with ideol...

Pakistan presents report on implementation of FATF recommendations   Published On Over the last two years, Pakistan has made significant progress to address many legislative gaps ISLAMABAD (Dunya News) – Pakistani authorities on Monday have presented an implementation report on the recommendations of the Financial Task Force (FATF) during a virtual meeting. The three-day virtual plenary session of the Financial Action Task Force, during which Pakistan s performance in terms of measures tak...

Illegal Wildlife Trade: What Banks Must Do Author: Erik Stretz, Fico Principal Consultant The FATF released their report on ‘Money Laundering and the Illegal Wildlife Trade’ a topic that has been sitting on the side-lines for a long time, overshadowed by more prominent criminal ventures, such as drug trafficking. Although the market pales compared to the vast sums moved in the drug space, it’s still the 4 th most lucrative trade. Billions of dollars are made at the cost of our natural env...