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...
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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.
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...
FIC Issues Final Guidance on FICA Implementation with Release of Guidance Note 7A
On 13 February, the Financial Intelligence Centre (FIC) issued the final version of Guidance Note 7A, which provides clarity and assistance regarding...
Essential Reporting Obligations for Accountable Institutions
As an Accountable Institution (AI), a certain amount of anxiety arises when the topic of reporting obligations and the appropriate timing for...
nCino KYC Africa: A New Name, together with a Vision to Reinvent the Future of FICA Compliance!
nCino KYC Africa, formerly known as DocFox Africa, has not only undergone a name change but has spent the last few months reimagining what the future...
