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28 March 2026 Financial Service Intelligence Watch

VAT fraud crackdown reinforces tax crime as a core AML risk

EWN reports that the arrest of a suspect linked to over R50m in fraudulent VAT refund claims is a timely reminder that tax crime remains one of the most significant, and often underestimated, drivers of money laundering risk.

The case involves alleged abuse of the VAT system through a company ...

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Working Smart

By Lee Rossini

Providing value to clients in a financial advice business goes beyond selecting investment products or delivering market updates. Because financial services are largely intangible, the concept of 'value' must be intentionally defined, consistently delivered, and clearly demonstrated. Value is not what financial advisers think is important; it is what the client perceives as beneficial relative to the cost, effort, and trust they invest. For many clients, value includes clarity about their financial situation, a sense of control over their future, and reduced anxiety about uncertainty. It also includes having a professional who listens, understands their goals, and acts in their best interest. At its core, value for clients means helping them achieve meaningful life outcomes such as financial security, peace of mind, and confidence in their future through informed, personalised, and trustworthy financial advice.

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