Tribunal rejects debarred FNB representative’s ‘prevailing practice’ defence
No evidence that staff were instructed to verify prospective clients’ addresses using blank letters provided by the municipality, FST finds.
No evidence that staff were instructed to verify prospective clients’ addresses using blank letters provided by the municipality, FST finds.
The Financial Intelligence Centre publishes an authoritative guidance document.
How accountable institutions must apply the SA Reserve Bank’s directive of 2022.
Three things to note when it comes to customer due diligence and assessing money laundering and terrorist financing risk.
An accountable institution should ask only for personal information that is necessary to achieve the purposes of Fica.
The Financial Intelligence Centre (FIC) has issued a public compliance communication (PCC) that clarifies the requirement to determine whether a prospective client, existing client, the beneficial owner of the client and person acting […]
The Financial Intelligence Centre (FIC) has issued a public compliance communication (PCC) that clarifies the requirement to determine whether a prospective client, existing client, the beneficial owner of the client and person acting […]