Succession Planning
02 Apr 2025
Financial Service Intelligence Watch
By Lee Rossini Succession planning is a vital aspect of any business, particularly in the financial services arena, where clients build long-term relationships with their financial planners. A well-crafted succession plan ensures that these relationships are maintained, the business continues ...
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Crypto sector under scrutiny: FIC risk report flags ...
02 Apr 2025
Financial Service Intelligence Watch
The Financial Intelligence Centre (FIC) has released a comprehensive sector risk assessment revealing that crypto asset service providers (CASPs) in South Africa face high inherent risks of money laundering (ML) and terrorist financing (TF). Following two rounds of public consultation ...
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Sama challenges 'flawed' NHI Act
02 Apr 2025
Financial Service Intelligence Watch
Legalbrief Today The SA Medical Association (Sama) described the National Health Insurance Act as ‘dangerously flawed’, as it launches a constitutional challenge against President Cyril Ramaphosa’s decision to sign it into law. Sama joins a list of organisations that have ...
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Ten-year debarment upheld: FSCA triumphs in major unlicensed ...
02 Apr 2025
Financial Service Intelligence Watch
In a landmark ruling issued on 1 April 2025, the Financial Services Tribunal dismissed the reconsideration application of Shaheen Khan, affirming the FSCA’s decision to impose a 10-year debarment and a R4.5 million penalty for offering financial services without authorisation. ...
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