08/21/2015
CBN Finalises Guidelines for Diaspora BVN Enrolment
The banking sector regulator explained that the plan was to roll out in 12 locations in the first phase.
Regulation,Tax & Compliance
08/20/2015
Proposed Unilateral Extension of Prescription by SARS
A number of issues arise from this proposed amendment.
08/20/2015
FATCA legislation to impact SA financial services sector
FATCA is poorly understood and adopted by companies in South Africa, mostly because it is perceived that the expertise level required for compliance is low and compliance measures are expensive.
08/19/2015
Taxation of estates to also be revisited?
The Minister of Finance instructed the DTC to enquire into “the progressivity of the tax system and the role and continued relevance of estate duty to support a more equitable and progressive tax system”
08/18/2015
Attractive tax rules for foreign expatriates
These individuals also more commonly known as 'short-term business travellers' are generally physically present in SA for periods ranging from two weeks to four months at a time.
08/18/2015
Banks Win Bid To Manage Lagos Treasury Single Account
LEADERSHIP investigation showed that the bank chiefs and financial experts had also met with the state government officials to ruminate on the modalities of maintaining a single account for all the transactions in the banks.
08/16/2015
Bank closures: DPC pays out $2,6 million
THE Deposit Protection Corporation has so far paid out $2,6 million to 9 495 depositors of six banks that were closed since 2012 and says it is lobbying for a separate insolvency regime or additional legal provisions for banks.
08/14/2015
Sudanese media highlights Saudi 1$bn deposit offer for Khartoum
Some of the newspapers analysed the probabilities of the economic survival due to the deposit.
08/13/2015
BOV refutes allegations of fraudulent transaction
Bank denies claims that €70,000 were fraudulently withdrawn from fund managed by BOV subsidiary
08/10/2015
As Africa tightens money policy, Botswana goes the opposite way and lowers interest rates
Central banks in South Africa, Ghana, Angola, Kenya and Uganda have raised interest rates this year to ease pressure on their currencies.
08/10/2015
Skye Bank Attains IT, Security Management Certification
The Central Bank of Nigeria had made the certifications statutory for banks as a way of expanding their capabilities in IT and security management systems as well as business continuity management.
08/07/2015
Kenya Central Bank Urges Slower Pace on Bank Consolidation
Kenya, with a $55 billion economy, has 43 commercial banks and a mortgage-finance company, according to the Central Bank of Kenya.
08/07/2015
Regulations And Fiscal Incentives Could Speed Islamic Finance Development In AfricaReport Says
The success of Malaysia in South-East Asia as a hub for Islamic finance lies among other things in the strong regulatory framework to support the sector's growth
08/06/2015
Bank of Tanzania and MetricStream Awarded “Best Governance, Risk, and Compliance Project in Africa”
The two companies were recognized for building a robust and integrated program for governance, risk management, and regulatory compliance, supported by MetricStream GRC Apps
08/05/2015
Nigerian banks publish names of debtor companies, individuals
According to local media reports, nine banks published the names of the loans defaulters on Monday while four banks released the lists of their chronic debtors
07/31/2015
Nigeria’s delinquent debtors face naming and shaming
A sharp drop in the global price of oil, Nigeria’s main export, has triggered a series of crises in Africa’s largest economy.
07/28/2015
Jersey signs tax agreement with Seychelles
The Government of Jersey has signed a double tax agreement with the Republic of Seychelles.
07/28/2015
S. African Expropriation Law Will Spook Investors, Banks Say
A draft law that would allow South Africa’s government to expropriate property without having to pay compensation at market prices would undermine the rights of owners and mortgage holders and deter investment
07/27/2015
Regulatory change won’t destroy African Bank – curator
‘Culture was part of the problem.’
07/22/2015
Nigeria, U.S Seal Deal To Recover Stolen Wealth
US will also offer training to judicial staff and prosecutors “in order to place Nigeria in a good position to uncover proceeds of corruption and for improved prosecution of cases of crime.