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| | Personal Finance - No place to hide |
 | | You might think money-laundering legislation is no concern of yours, but if you have dealings with attorneys, estate agents, stockbrokers, unit trust management companies, banks, insurance companies, financial advisers or asset managers, the Financial Intelligence Centre Act affects you. |
 | | A transaction is regarded as suspicious if, for example, it is known or suspected to have no legitimate business purpose or is relevant to an investigation of tax evasion or attempted tax evasion. |
 | | Reporting of a suspicious transaction must be done within 15 business days of the person or institution becoming aware of the facts on which the suspicion is based. |
| www.persfin.co.za /index.php?fSectionId=590&fArticleId=285293 (1261 words) |
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