What if your client’s beneficial owner is in a sanctioned jurisdiction?

This article relates to accountable institutions listed in Schedule 1 to the Financial Intelligence Centre Act 38 of 2001 (FIC Act) and examines (i) beneficial ownership and (ii) whether an accountable institution must terminate a relationship with a client if the client has a beneficial owner in a …

https://www.polity.org.za/article/what-if-your-clients-beneficial-owner-is-in-a-sanctioned-jurisdiction-2025-03-03