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Headline Stories of the Week

Limitations of generative AI (AI + human = ...

21 Aug 2025 Financial Service Intelligence Watch

Many business owners are expressing interest in the vast potential of generative artificial intelligence (AI). In previous articles, the benefits of using AI were discussed. However, while the technology brings advantages, it does have its limitations and risks. Understanding the ...

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FSCA replaces outdated BN24 with new conduct standard ...

20 Aug 2025 Financial Service Intelligence Watch

News24 reports that the FSCA has introduced Conduct Standard 2 of 2025, replacing the long-outdated Board Notice 24 of 2002 (BN24) under section 13B(1) of the Pension Funds Act, 1956. The new Standard closes regulatory gaps in pension fund administration ...

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FCA – Sustainability-linked loans show progress – A ...

20 Aug 2025 Financial Service Intelligence Watch

The UK's FCA says sustainability-linked loans (SLLs) are becoming more credible, with stronger performance targets, greater scrutiny in syndicated deals, and banks willing to revoke “green” status when standards aren’t met. Unlike green bonds, SLLs link loan terms to sustainability ...

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Mozambique nears exit from FATF grey list

20 Aug 2025 Financial Service Intelligence Watch

MZnews reports that Mozambique may soon be removed from the Financial Action Task Force (FATF) Grey List, with a decisive evaluation scheduled in Maputo on 8–9 September 2025. According to Luís Cezerilo, national coordinator of the Executive Committee for AML/CFT ...

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Latest Compliance News

Proposed amendment to JSE Equity Rules

The Financial Sector Conduct Authority (FSCA) has published a notice under section 71(3)(b)(ii) of the Financial Markets Act, 2012, inviting public comment on proposed amendments to the JSE Equity Rules relating to the Central Securities Depository (CSD) naming convention.

Key Details

  • The proposed amendments have been made ...
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goAML message board – Don’t miss critical compliance updates

The Financial Intelligence Centre (FIC) has reminded all accountable institutions of their duty to check the goAML message board on a daily basis.

The message board, available on the FIC’s goAML registration and reporting platform, is the primary channel of communication between the FIC and entities registered on the system ...

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Latest Open-Source Library Items
Working Smart

By Lee Rossini

Many business owners are expressing interest in the vast potential of generative artificial intelligence (AI). In previous articles, the benefits of using AI were discussed. However, while the technology brings advantages, it does have its limitations and risks. Understanding the boundaries of generative AI is critical to ensuring accuracy, compliance and trust, especially in the financial services sector where precision and integrity are essential.

CPD

Subscribers are reminded that they can complete monthly CPD quizzes and claim CPD hours before the 31 May 2025 deadline. View the CPD FAQs for more on accessing the CPD quizzes.

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