The concept of Ultimate Beneficial Owners (UBOs) exists to prevent criminals from using complex structures or legal persons to conceal true...
Keep informed and updated with the latest in FICA compliance / Anti-Money Laundering News as well as the latest DocFox offerings and services.
The concept of Ultimate Beneficial Owners (UBOs) exists to prevent criminals from using complex structures or legal persons to conceal true...
In May 2025 the Financial Intelligence Centre (FIC) highlighted the importance of having a Risk Management and Compliance Programme (RMCP): “An...
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 Financial Intelligence Centre Act (FICA) was introduced to fight financial crime, such as money laundering, tax evasion, and terrorist financing...
Accountable institutions face crippling penalties if their KYC screening fails to flag a client as a Politically Exposed Person (PEP). As the nation...
The Financial Intelligence Centre (FIC) issued Directive 9 that comes into effect on the 1st of May 2025. The Directive outlines compliance...
In an era where financial crimes are becoming increasingly sophisticated, Greylisting evidenced South Africa faces significant challenges in...
On 13 February, the Financial Intelligence Centre (FIC) issued the final version of Guidance Note 7A, which provides clarity and assistance regarding...