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Fund blocked from paying death benefit to a third party

05 August 2024

The executor of a deceased estate has failed in her attempt to get a pension fund to pay a death benefit into a third-party bank account.

PFA: Spouse fails to prove she was financially dependent on estranged husband

26 July 2024

The Pension Funds Adjudicator has dismissed a complaint by the estranged spouse of a deceased to claim a larger amount than the 1,43% that she was allocated of a total benefit of more than R1,7 million.

Funds pays benefit to fraud syndicate whilst real member was in prison

08 July 2024

Whilst the actual member was serving a prison sentence, a pension fund paid out a benefit of more than R800 000 to a syndicate that was involved in identity theft and unlawfully claiming benefits of retirement fund members.

Employer found to be forcing member to sign away benefit under duress

27 June 2024

The Office of the Pension Funds Adjudicator has blocked an attempt by an employer to be paid a retirement benefit after the member had signed an acknowledgement of debt - which was found to have been done under duress - for committing fraud in the workplace.

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Question

The Leo Cash and Carry transfer of 4405 bitcoins is a reminder to consider exchange control regulations before moving cash or crypto offshore. How do you approach exchange control compliance?

Answer

Blockchain knowns no borders Clearance first, always Decentralised means deniable? Who has more than R11 million to transfer?

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