Charting the Future: Data Privacy, Technology, and Compliance in Real Estate In an era where data and technology are revolutionizing nearly every facet of our lives, the real estate sector is not exempt from this transformative wave. Primerio Kenya partners, FMC Advocates LLP, recent held a collaborative webinar with the Kenya Property Developers Association (KPDA) … Continue reading Kenyan attorney team present panel on data privacy & avoiding fraud in real estate deals
Corruption’s Long Tentacles: Egypt meets New Jersey in Certification-Monopoly Bribery Scheme
By AAF Staff The federal corruption indictment of New Jersey Senator Bob Menendez today came as a shock to many, but perhaps should not have been wholly unexpected: after all, Sen. Menendez had been indicted and tried before for similar 'influence-peddling' wrongdoing (regarding a criminal Florida doctor), in a case that ended up with a … Continue reading Corruption’s Long Tentacles: Egypt meets New Jersey in Certification-Monopoly Bribery Scheme
Who Owns What? Mandatory publication of companies’ beneficial owners in RSA
The CIPC's new beneficial owner registry: An effective mechanism to combat illicit flow of funds or another wasted opportunity? By Jemma Muller and Nicola Taljaard, Primerio On 1 March 2023, the South African Companies and Intellectual Property Commission (“CIPC”) announced its plan to establish a register of beneficial ownership (“BO”), which would be implemented upon … Continue reading Who Owns What? Mandatory publication of companies’ beneficial owners in RSA
Greyed-Out by FATF: South Africa officially placed on the grey-list; where to from here?
By Jemma Muller and Tyla Lee Coertzen Despite the noteworthy progress South Africa has made in response to the deficiencies identified in the Financial Action Task Force’s (“FATF”) Mutual Evaluation Report released in June 2021, the FATF placed South Africa on the ‘grey-list’ on 24 February 2023. In order to understand the consequences of being … Continue reading Greyed-Out by FATF: South Africa officially placed on the grey-list; where to from here?
The Financial Services Commission of Mauritius has issued Draft Guidance Notes on Decentralised Autonomous Organisations for Public Consultation
By Nicola Taljaard On 15 February 2023, the Mauritius Financial Services Commission (“FSC”), the integrated non-banking financial services and global business sector regulator, in line with its transparent regulatory policy-making process, issued its draft Guidance Notes on Decentralised Autonomous Organisations[1] (“draft Guidance Notes”) for public consultation. The FSC has invited all interested parties to send … Continue reading The Financial Services Commission of Mauritius has issued Draft Guidance Notes on Decentralised Autonomous Organisations for Public Consultation
African crypto exchanges rush to distance from FTX
As we previously reported in the immediate aftermath of FTX's multi-jurisdictional bankruptcy filings here, its corporate fallout affected not only Bahamian and U.S. entities, but allegedly also many crypto-related companies on the African continent. Further detailed and often shocking (and as of recently even prurient) news about the fraudulent ponzi exchange have by now reached … Continue reading African crypto exchanges rush to distance from FTX
FTX Crypto exchange’s Ponzi scheme extended deep into Africa
As the American Chapter 11 bankruptcy filing of now-defunct crypto exchange FTX shows, its rapid implosion within a matter of days last week has wrought havoc in the Web3 world, especially in crypto-currency trading -- and extended its fraudulent tentacles deep into many African jurisdictions. ftx-bankruptcy-filing-sbf-del-ch-11-2022Download “The whole operation was run by a gang of … Continue reading FTX Crypto exchange’s Ponzi scheme extended deep into Africa
A new anti-corruption enforcer on the South African horizon?
RSA Minister of Justice gives insights into developments surrounding new agency By Nicola Taljaard On 13 October 2022, South African Minister of Justice, Ronald Lamola, provided a brief update on the developing discussion in relation to the establishment of a multidisciplinary agency dedicated to fighting corruption. The talks among the Department of Justice and the … Continue reading A new anti-corruption enforcer on the South African horizon?
Greyed-Out by FATF: Consequences and opportunities of potential grey-listing
Is the Republic of South Africa on the watchdog's grey-list chopping block? By Jemma Muller and Tyla Lee Coertzen The risk of South Africa being placed on the Financial Action Task Force’s (“FATF”) so-called “grey list” has been the subject of much debate and speculation, as well as a focal point for South African law … Continue reading Greyed-Out by FATF: Consequences and opportunities of potential grey-listing
The Glencore Case: Plea deal shows increased global use of Non-Trial Resolutions in cases of corruption and bribery
By Tyla Lee Coertzen Glencore International A.G (“Glencore”) and Glencore Ltd, major producers and marketers of commodities relating to mining and oil, have recently pleaded guilty to various allegations of bribery and corrupt activities in various jurisdictions. On 24 May 2022, the entities announced their resolutions concluded with authorities in the United States, the United … Continue reading The Glencore Case: Plea deal shows increased global use of Non-Trial Resolutions in cases of corruption and bribery
Anti-Fraud & Corruption Law in Africa 