With the Financial Action Task Force (FATF) set to announce its decision on South Africa’s greylisting status in the coming weeks, the nation’s...
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Articles
Keep informed and updated with the latest in FICA compliance / Anti-Money Laundering News as well as the latest nCino KYC offerings and services.
Spotting Fake IDs: Why 9/10 People Fail to Spot Them - and Reliable Methods to Detect Fraudulent IDs
An important part of Know Your Customer (KYC) and the general FICA process is verifying the identity of your client, usually by requesting an...
Everything You Need to Know about the FIC’s Revised Guidance Note 7a
The Financial Intelligence Centre (FIC) on 1 September published Revised Guidance Note 7a, effective September 1, 2025, which replaced both Guidance...
Manual FICA Compliance is Draining Law Firms' Billable Hours – And Risking Crippling Penalties
For law firms across South Africa, the challenge of Financial Intelligence Centre (FICA) compliance is becoming a mounting (and unnecessary)...
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...
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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...
