The Financial Intelligence Centre (FIC) has released Draft Public Compliance Communication (PCC) 122 for consultation, providing guidance on the application of the Financial Intelligence Centre Act (FICA) to special purpose vehicles (SPVs) that qualify as accountable institutions under Item 11 of Schedule 1 to the Act.
The draft guidance aims ...
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A South African businessman has reportedly been linked to a major international fraud and money-laundering scheme operating across Southeast Asia, highlighting the persistent risks associated with cross-border financial crime.
According to IOL, South African national Benjamin Mauerberger, also known as Ben Smith, has been accused by Thai authorities of playing ...
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By Lee Rossini
In many financial advice businesses, a growing risk is emerging: an aging adviser workforce with too few young professionals entering the pipeline. In firms where most advisers are approaching retirement and junior talent is scarce, the long-term sustainability of the business is under pressure.
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.
