Last chance to register for our FICA compliance webinar
The free webinar will equip accountable institutions to follow a risk-based approach, as required by the Financial Intelligence Centre.
The free webinar will equip accountable institutions to follow a risk-based approach, as required by the Financial Intelligence Centre.
The free webinar will equip you to follow a risk-based approach to compliance, as required by the Financial Intelligence Centre.
The FICA Toolkit is ideal for accountable institutions that have recently initiated their FICA compliance programmes or have relatively simple products and distribution channels.
Any business that fails to report ‘suspicious and unusual transactions’ faces harsh penalties.
Sanctions can include a fine of up to R10 million in respect of a natural person and R50m in respect of a legal person.
Centre urges new accountable institutions to register, even if they missed the deadline, to avoid non-compliance with Fica.
Last week, the FSCA informed subscribers to its communications that it has published, on its website, the notices of administrative sanctions that it issued to 11 FSPs for non-compliance with the Financial Intelligence […]
Businesses that do not develop and implement an effective risk management and compliance programme (RMCP) are particularly vulnerable to financial crime, such as money laundering and terrorist financing. A Financial Action Task Force […]
Attorneys and estate agents are among the least likely to implement preventative measures to reduce money laundering and terrorist financing risks, according to the Financial Action Task Force’s Mutual Evaluation Report of South […]
The main reason the FSCA fined FSPs in terms of the Financial Intelligence Centre Act (FICA) last year was for failing to implement a risk management and compliance programme (RMCP), the Financial Intelligence […]