The Financial Intelligence Centre (FIC) has urged businesses and professionals handling large amounts of money to increase their rate of submission of risk and compliance forms under its increased scope of regulation, if SA hopes to be removed from the Financial Action Task Force’s grey list by December. According to ...
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The Financial Intelligence Centre (FIC) and the Financial Sector Conduct Authority (FSCA) have jointly issued a strong reminder to all crypto asset service providers (CASPs) in South Africa: Directive 9 of 2024, which enforces the Travel Rule for crypto transactions, comes into full effect on 30 April 2025.
This directive ...
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By Compli-Serve
Established in 1989 by the G7, the Financial Action Task Force (FATF) remains the pre-eminent global standard-setter in the fight against money laundering, terrorist financing, and the financing of weapons proliferation. As financial crime evolves, so too does the FATF’s work – continuously strengthening safeguards to preserve the integrity ...
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By Lee Rossini
When managing a business, clarity and consistency are vital when drafting policies, procedures and processes. While these terms are often used interchangeably, they are distinct elements of business structure and governance. Properly drafting each one effectively can empower a business to operate efficiently, reduce risk, and foster a productive work environment.
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.
