#FinancialIntelligenceCentreAct

Videos

Watch: MBSE launches RE training for FAIS representatives

Watch: FPI Financial Planner of the Year on key issues shaping the financial landscape

Animated video explains the two-pot retirement system

NCA Credit providers’ FICA obligations

NCR Desktop Audits

Is South Africa on track to getting off the grey list?

Looking back at this year’s FPI Professional’s Convention

Enhance your HR skills by attending our insightful webinars in November

Webinars on how to investigate misconduct and address poor performance

Shareholder ties don’t lessen FICA compliance obligations

The Appeal Board dismisses an FSP’s argument that its close ties with its sole shareholder reduced the need for comprehensive due diligence.

FIC tightens crypto asset compliance with ‘travel rule’ directive

Starting 30 April 2025, CASPs and FSPs will have to collect and share detailed client information when engaging in crypto transfers.

Bank fraud: FICA doesn’t create a private law right to third-party damages

A couple who were victims of business email compromise argued that FICA imposed a private law duty on Nedbank to protect them from financial harm.

R7.7m fine stands as FIC Appeal Board rules against law firm

The firm of attorneys said its non-compliance was not intentional and was the result of a lack of awareness.

Accountable institutions given final deadline for DPI

Following widespread challenges with its e-portal, the FSCA has re-opened submissions for its Directive to Provide Information.

Uncloaking the mysteries of financial sector penalties

The huge penalties imposed by the FSCA and the Prudential Authority raise questions about the clarity and consistency of the factors influencing these fines.

Should all tokens be equal in the crypto market?

As the regulatory framework develops, many questions remain – particularly around whether all tokens, from fungible coins to unique NFTs, will be regulated the same way.

Banxso: FSCA suspends licence and FIC freezes bank accounts

The Authority says its investigation raises concerns about aggressive sales tactics, unrealistic returns, and significant losses by clients.

FIC to launch inspections on CASPs amid growing regulatory scrutiny

The Financial Intelligence Centre’s sector final risk assessment report for crypto asset service providers is set to be published in the new financial year.

HSBC and Bidvest hit with fines for FICA non-compliance

The fines on both banks run into millions of rands, but most of the penalties are conditionally suspended.

Small FSP that was fined R1.1m shares four lessons in FICA compliance

The owner of MIKA Finansiele Dienste emphasises that waiting for an audit before getting your house in order can have costly consequences.

FIC cracks down on non-compliant accountable institutions

The FIC’s latest annual report shows that out of 558 inspections conducted during the year, 269 specifically targeted the non-submission of risk and compliance returns.