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03 April 2026 Financial Service Intelligence Watch

Offshore gambling boom exposes AML and conduct risk blind spot in South Africa

Illegal offshore gambling operators are rapidly capturing a significant share of South Africa’s online betting market, raising serious concerns from both an anti-money laundering and conduct risk perspective. According to Business Day, unlicensed offshore platforms now account for the majority of online betting activity in South Africa, diverting billions of ...

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Working Smart

By Lee Rossini

Although still in its infancy, the term agentic AI is being heard more frequently. It refers to AI that can act autonomously to achieve goals, make decisions, and adapt to changing environments with minimal human intervention. Unlike traditional AI models that respond only to direct prompts, agentic AI systems are designed with a sense of 'agency': they can plan, execute multi-step tasks, interact with other systems, and learn from outcomes. These systems often combine reasoning, memory, and tool usage, enabling them to operate more like digital collaborators than passive tools.

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