Accountants’ Discussion Forum: Excon and Greylisting Updates – March 2024

What you will learn

By attending this discussion forum, you will be:

• Possess knowledge of all important updates to FIC (Financial Intelligence Centre) changes. 
• Understand the latest Exchange Control regulations updates and their effect on you and your clients. 
• Gain insight into potential changes in reporting requirements stemming from greylisting. 
• An enhanced ability to provide clients with informed advice on current procedures for international investments. 
• Become aware of and possess a practical understanding of the latest regulations concerning the procurement of offshore funding source. 

Description

 Exchange Control (Excon) represents a critical aspect of regulatory oversight concerning financial transactions involving foreign exchange in many jurisdictions. 

Recent updates in Excon regulations have underscored the importance of compliance and transparency in cross-border financial activities. These updates aim to streamline processes, mitigate risks, and ensure the integrity of financial systems. By staying informed of Excon developments, businesses and individuals can navigate international transactions more effectively, minimising disruptions and potential penalties while fostering trust and confidence in the global financial ecosystem.  

Content:

The following topics are under discussion for this month:

• Overview of Excon in South Africa. 
• Recent Excon reforms. 
• South Africa’s position regarding greylisting. 
• FATF and greylisting updates. 
• Measures implemented to enhance compliance. 
• Possible future developments.  
• Update on the Currency and Exchanges Act.  

Price

The following pricing apply:

Ad hoc: R304.00 for this webinar

Subscription: Included for free in Accountant in Practice, Accountant in Practice plus Tax, Bookkeeper and QuickUpdate packages.

Requirements

There are no preconditions for this course.

Moderate level.
Recorded webinar made available on a specified date

Presenter

Caryn Maitland CA(SA) 

Caryn Maitland is a Chartered Accountant (SA). She has been a member of IRBA as a registered auditor and accountant since 2002.

Caryn has lectured Auditing and Accounting at various institutions and has conducted independent workshops and seminars for professional accountants since 2006 on various topics. She has presented on the national tour for the annual Legislation Update with ProBeta Training (Pty) Ltd in 2014 and 2015, as well as on the FASSET national tour for the Tax Administration Act in 2014.  

Carmen Westermeyer CA(SA) 

Carmen Westermeyer graduated in 2001 from the University of Natal, Durban (now UKZN), with a BCom Honours degree in Accounting and completed her articles with PwC in 2004. She has been a member of SAICA since then. In 2008, she was appointed lecturer at UKZN and coordinated the Taxation 300 course until December 2010. She then took over the role of Academic Leader for the Taxation Department, as well as the coordination of the Postgraduate Taxation Programme. 

In December 2012 Carmen started running ad hoc training courses for members of the profession. From December 2013, she moved into commercial training and consulting on a full-time basis. She has been involved in various training activities, such as the FASSET Budget and Tax Update in 2015 and 2016.

CIBA Academy Support

Login to CIBA Academy
Select My Dashboard
Select Submit a Ticket to log a new query