'PIP' and ‘PEP families’ are under closer scrutiny under SA's revised FIC Act
South Africa has now adopted a risk-based approach to its anti-money laundering or anti-terrorist financing law. Banks, client money handlers, in fact all accountable institutions (AIs) need to apply 'proportionate' risk profiles to clients who could be associated with politically-exposed persons (PEPs) or what are known as prominent influential ...
The role of regulation in encouraging good culture - speech by the UK regulator
A speech on 'The role of regulation in encouraging good culture' was delivered on 6 November 2018 by Andrew Bailey, Chief Executive of the UK Financial Conduct Authority (FCA), at the Investment Association Culture Conference, Mansion House, London.
Highlights from the speech:
- The effectiveness of communication with consumers is in my experience a ...
Compli-Serve holds workshops on the RDR discussion paper on investment related matters
The Retail Distribution Review is a wide ranging review initiated under the then FSB (now FSCA) which proposed a number of important regulatory reforms related to the distribution of financial products and the provision of financial advice. The latest updates were published and this seminar will unpack some of the ...