As South Africa accelerates efforts to exit the Financial Action Task Force (FATF) grey list by year-end, Deputy Minister of Social Development Ganief Hendricks has urged non-profit organisations (NPOs) to collaborate with government in addressing key compliance challenges, reports SANews.gov. Speaking at the opening of a three-day multi-stakeholder engagement ...
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By Compli-Serve
In today’s evolving regulatory landscape, financial institutions and accountable institutions must remain one step ahead of fraudsters while ensuring compliance with the Financial Intelligence Centre Act (FICA). With criminals employing increasingly sophisticated tactics, biometric authentication has emerged as a promising tool to enhance Know Your Customer (KYC) onboarding ...
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Expanding into a new market can be a strategic move, but what happens when that market suddenly becomes a regulatory minefield? Elias Neocleous & Co LLC reports that this is the reality for businesses operating in countries placed on the Financial Action Task Force (FATF) grey list, where financial restrictions ...
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By Lee Rossini
Emotional intelligence (EI), also known as emotional quotient (EQ), refers to the ability to recognise, understand and manage one’s own emotions, as well as the emotions of others. In the context of a financial advice business, EQ plays an important role in fostering positive relationships with both clients and staff, thereby creating an environment conducive to effective communication, trust, and overall business success.
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