Close This website uses modern features that are not supported by your browser. Click here for more information.
Please upgrade to a modern browser to view this website properly.

Financial Services Intelligence Watch

Open-Source Library

Newsletters

Advanced Search

Search

Title

Filter

Topic

Filter

Diary

Filter

Industry categories

Filter

A A A

Serial fraudster J Arthur Brown’s former attorney fined R200,000

Publish date: 14 June 2019
Issue Number: 75
Diary: CompliNEWS
Category: Enforcement

Serial fraudster J Arthur Brown’s former attorney has escaped with a R200 000 fine after being convicted of tax fraud. Muhammed Rashad Khan (70) pleaded guilty to 468 charges of tax fraud. During sentencing, the court said Khan’s crimes were serious as they undermine SARS, but his personal circumstances should also be taken into account, notes Netwerk 24. He is the father of three adult children and three minors. Khan failed to submit several tax returns between 2006 and 2018. He didn’t file VAT returns between 2006 and 2015, didn’t pay over the PAYE deductions from his employees, didn’t file personal income tax returns and failed to pay over UIF contributions on behalf of his employees.

Full Netwerk24 article (subscription required)

Working Smart

By Lee Rossini

In the current volatile, rapidly changing and uncertain climate, clients are looking for more than just investment advice from their financial planners. The lack of certainty and safety in the markets tends to make investors more anxious and reactive. In this environment, financial planners must act not only as strategists but also as guides and confidants. Here’s what clients are increasingly expecting.