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Headline Stories of the Week

South African regulator fines Steinhoff record amount for ...

13 Sep 2019 Financial Service Intelligence Watch

South Africa’s market regulator is fining retailer Steinhoff R1,5 billion ($3.6 million) for making 'false, misleading or deceptive statements' to the market, the company said on Thursday. Steinhoff revealed an accounting fraud in December 2017 that shocked investors and wiped ...

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FST case summary involving Khumalo & 6 others ...

13 Sep 2019 Financial Service Intelligence Watch

By Shamaa Sheik The following matter was heard in the Financial Services Tribunal on 3 September 2019: Bongani Kenrick Khumalo (1st Applicant) and Nonhlanhla Mildred Khumalo (2nd Applicant) Khumiya Trading CC (3rd Applicant) and Thandiwe Julieth Shongwe (4th Applicant) and ...

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Photographic memory caused major data breach

12 Sep 2019 Financial Service Intelligence Watch

While cybercriminals spend most of their time developing new methods to get access into our confidential information, this cashier in Japan used nothing but his eidetic memory (sometimes called photographic memory) to steal from over his 1,300 customers. In a ...

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Attracting new clients

12 Sep 2019 Financial Service Intelligence Watch

By Lee Rossini Even if a financial advice business currently has people falling over themselves to become clients, most of them will need to attract new clients at some stage during their existence. However, thanks to the compliance requirements and ...

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Latest Compliance News

FST case summary involving Khumalo & 6 others and Prudential Authority

By Shamaa Sheik

The following matter was heard in the Financial Services Tribunal on 3 September 2019:

  • Bongani Kenrick Khumalo (1st Applicant) and Nonhlanhla Mildred Khumalo (2nd Applicant) Khumiya Trading CC (3rd Applicant) and Thandiwe Julieth Shongwe (4th Applicant) and Andrea Daniel Shongwe (5th Applicant) and Lungile Peggy Hlatshwayo (6th ...
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Photographic memory caused major data breach

While cybercriminals spend most of their time developing new methods to get access into our confidential information, this cashier in Japan used nothing but his eidetic memory (sometimes called photographic memory) to steal from his over 1,300 customers by memorizing their credit card details.

In a report published by ...

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Latest Open-Source Library Items
Working Smart

By Lee Rossini

Even if a financial advice business currently has people falling over themselves to become clients, most of them will need to attract new clients at some stage during their existence. However, thanks to the compliance requirements and a high degree of commoditization, appearing different in the minds of clients can present something of a challenge. When attempting to attract new clients, the message must take a prospective client from awareness to being signed up as a new client.  The AIDA model is frequently used as the foundation of successful advertising strategies. 

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