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13 September 2026 Financial Services Intelligence Watch
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FIC Directive 12 is final: Certain accountable institutions must submit their RMCPs annually

By Compli-Serve

The Financial Intelligence Centre (FIC) has finalised Directive 12, introducing a significant new annual compliance obligation for financial services providers and several other categories of accountable institutions.

Published on 4 September 2026, Directive 12 requires specified accountable institutions to submit the documentation describing their Risk Management and Compliance ...

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Good governance starts where minimum compliance ends

Writing in Business Day, Dr Sibongile Vilakazi makes an important distinction between meeting the legal duties of a director and genuinely exercising good stewardship. Section 76 of the Companies Act requires directors to act in good faith and for a proper purpose, in the best interests of the company and ...

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False AI citations show why human verification still matters

A foreign lawyer has been banned after trying to defend himself before the Solicitors Disciplinary Tribunal (SDT) using AI-generated false citations. A Law Gazette report notes that Abishek Kumar was facing disciplinary proceedings after his criminal conviction for knowingly employing an immigrant who was not allowed to work in the ...

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Working Smart

By Lee Rossini

The value of using artificial intelligence (AI) for improving strategic decision-making is apparent. AI can provide access to analytical capabilities that were previously only available to larger organisations with technology budgets and data-science teams. However, the growth of accessible, off-the-shelf generative AI tools offers opportunities to smaller businesses through improved methods of prediction, risk management and decision-making. Nevertheless, although there is increasing adoption of AI tools, skills, cost, cybersecurity and effective integration are still challenges for these businesses.

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