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16 February 2025 Financial Service Intelligence Watch

Thousands of NPOs deregistered over compliance failures

The Department of Social Development has begun deregistering non-compliant non-profit organisations (NPOs), with 6 221 already removed from the register for failing to submit annual reports as required under the NPO Act, reports TimesLIVE.

A staggering 203 279 NPOs, voluntary associations, and trusts face deregistration, while 41 787 non-compliance notices ...

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FIC expands oversight as TCSPs face compliance crackdown

The Financial Intelligence Centre (FIC) has significantly expanded its supervisory role, now overseeing 84% of the 63 000 entities registered in its database, following amendments to the FIC Act, reports IOL. This shift comes as South Africa works to improve compliance standards following its greylisting by the Financial Action Task ...

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Working Smart

By Lee Rossini

In the financial advice business, asking the right questions is just as important as providing sound recommendations. The ability to ask smart questions enhances client trust, uncovers essential details, and ultimately leads to better financial outcomes. By applying the following guidelines, advisors can foster more meaningful discussions, uncover clients' true needs, and build long-term relationships.

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