Industry leaders, compliance professionals and financial crime experts gathered at the nCino KYC 2025 Fighting Financial Crime Conference where South...
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Articles
Keep informed and updated with the latest in FICA compliance / Anti-Money Laundering News as well as the latest DocFox offerings and services.
A Guide to Identifying Ultimate Beneficial Owners (UBOs)
The concept of Ultimate Beneficial Owners (UBOs) exists to prevent criminals from using complex structures or legal persons to conceal true...
What You Need to Know About a Risk Management and Compliance Programme (RMCP)
In May 2025 the Financial Intelligence Centre (FIC) highlighted the importance of having a Risk Management and Compliance Programme (RMCP): “An...
The Hidden Threat: How Financial Crime Continues to Blindside South African Businesses
When it comes to financial crime, the warning signs are almost always there, but not always spotted in time. In South Africa’s current, tightened...
The Key Requirements That Need to be Met in Order to be FICA Compliant
The Financial Intelligence Centre Act (FICA) was introduced to fight financial crime, such as money laundering, tax evasion, and terrorist financing...
Politically Exposed Clients: The Minefield Zondo Flagged before FATF Greylisting
Accountable institutions face crippling penalties if their KYC screening fails to flag a client as a Politically Exposed Person (PEP). As the nation...
Directive 9: Travel Rule Relating to Crypto Asset Transfers
The Financial Intelligence Centre (FIC) issued Directive 9 that comes into effect on the 1st of May 2025. The Directive outlines compliance...
Greying out SA’s Greylisting: The Smart Technology Being Built in the Era of Sophisticated Financial Crime
In an era where financial crimes are becoming increasingly sophisticated, Greylisting evidenced South Africa faces significant challenges in...
