BANKS and professional advisors will be targeted by South Africa’s tax service in an organised crime impetus, the head of the revenue service said. Tax officials would lenders and advisers suspected of being “professional enablers” as the country tackled illicit capital flows and tax evasion, said Revenue chief Edward Kieswetter. “It is unacceptable for a…
AML, Banking, Compliance, Financial Crime, Fraud, MEA, News, Regulatory
NEWS: South Africa’s tax chief says banks and advisors are in the crosshairs in fresh focus on organised crime

BANKS: Edward Kieswetter, commissioner of the South African Revenue Service said banks and advisors were in the crosshairs as his agency tackled professional enablers.