By Compli-Serve
The Prudential Authority (PA) has imposed administrative sanctions totalling R28 million on Capitec Bank Limited following a 2023 inspection conducted under section 45B of the Financial Intelligence Centre Act (FIC Act). Of the total penalty, R5.5 million has been conditionally suspended for 36 months, with the PA ...
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LegalFutures reports that legal charity JUSTICE has warned that the rapid adoption of AI transcription tools in UK public services is creating significant risks for the integrity of written records. The concern is particularly acute where AI systems are designed to fill gaps caused by poor-quality audio or silence, potentially ...
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By Compli-Serve
The Prudential Authority (PA) has imposed administrative sanctions totalling R1.6 million on Albaraka Bank Limited following a 2021 inspection under section 45B of the Financial Intelligence Centre Act (FIC Act). Of the financial penalty, R440,000 has been conditionally suspended for 36 months, with the PA also ...
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By Lee Rossini
Financial coaching is a valuable service offered by some financial advice businesses to support clients to develop healthier financial habits, make informed decisions and take greater control of their financial lives. While traditional financial advice often focuses on investments, retirement planning, insurance and other technical matters, financial coaching places greater emphasis on the client’s behaviour, goals and relationship with money.
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