By Compli-Serve
The Financial Services Tribunal has dismissed two reconsideration applications brought by Banxso (Pty) Ltd and its former key individuals, finding that neither the company nor its directors had the required legal standing to challenge the Financial Sector Conduct Authority’s (FSCA) decision to withdraw Banxso’s FAIS licence.
The ruling ...
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By James George, Compli-Serve
A growing number of compliance officers, advisers and regulated entities are voicing frustration with the FSCA’s website, not because of cosmetic issues, but because of very real, practical obstacles it creates for staying compliant and informed.
At the centre of the concern is a simple question ...
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The Financial Intelligence Centre (FIC) has cautioned businesses against overcomplicating anti-money laundering compliance, urging accountable institutions and DNFBPs to focus on actual risk rather than excessive paperwork.
A report by Moonstone notes that amid rising enforcement action and significant fines for weak or non-existent Risk Management and Compliance Programmes (RMCPs ...
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By Lee Rossini
After a challenging year for many, 2025 is drawing to a close. Many shifts were felt in the financial services sector as it is being reshaped by technological disruption, regulatory change, economic uncertainty, and evolving client expectations. Businesses that don’t adapt risk losing clients, falling behind their competitors, or falling foul of regulation. Below are key challenges confronting the sector, and how business owners can proactively prepare for a successful 2026.
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