FICA – SchoemanLaw Inc

Beneficial Ownership versus Beneficial Interest – Why It Matters

by Nicolene Schoeman-Louw | Apr 1, 2025 | Company Law

In today’s regulatory environment, understanding the distinction between beneficial ownership and beneficial interest is crucial, especially for businesses, investors, and legal professionals navigating compliance with South African laws like the Financial...

Anti – Money Laundering Mechanisms to Protect you, your stakeholders and your Business

by Guest Author | Jul 26, 2021 | Commercial law, Publications, Tech Law

The pandemic has reshaped South African society. As a result, how we do business and everyday transactions have entirely changed. Along with remote work and schooling, most financial transactions have moved online. Thus, money launderers, cybercriminals and fraudsters...

FICA: Accountable Institutions And Their General Obligations?

by Guest Author | Mar 8, 2021 | Commercial law, Contract Drafting, Publications, Registration and Administration of Companies

The Financial Intelligence Centre Act 38 of 2001, as amended (hereafter referred to as the “FIC Act”) remains a point of discussion as we move through this new era of Covid-19 regulations and mainstreamed online client relationships. In saying that however, the FIC...

The Regulatory Status Quo of Cryptocurrency Exchanges

by Guest Author | Dec 16, 2019 | Civil Litigation and Alternative Dispute Resolution, Commercial law, Publications, Tech Law

The South African Cryptocurrency Market Place is currently facing scrutiny and a fair amount of uncertainty as a result of First National Bank (FNB) announcing on 20 November 2019 that they would be shutting down all bank accounts associated with cryptocurrency...

Proposed Amendments to FICA – How will this impact you and me? A Commercial Lawyer’s perspective….

by Nicolene Schoeman-Louw | Mar 23, 2019 | Commercial law, Publications

Introduction The Financial Intelligence Centre Act 38 of 2001 (hereinafter referred to as “FICA” or the “Act”) was legislated primarily to combat various unlawful activities, such as money laundering and other unlawful transactions. Essentially, FICA imposes an...

Beneficial Ownership versus Beneficial Interest – Why It Matters

Anti – Money Laundering Mechanisms to Protect you, your stakeholders and your Business

FICA: Accountable Institutions And Their General Obligations?

The Regulatory Status Quo of Cryptocurrency Exchanges

Proposed Amendments to FICA – How will this impact you and me? A Commercial Lawyer’s perspective….

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