Every Accountable Institution faces some degree of money laundering risks. Therefore, it has become more and more crucial for Accountable...
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Keep informed and updated with the latest in FICA compliance / Anti-Money Laundering News as well as the latest nCino KYC offerings and services.
Geographic Risk: Not Everything is Black and Grey
As an Accountable Institution, it is important to have a heightened awareness of what raises alarm bells or suspicion of money laundering and/or...
What is FICA and Why Should you Care About it?
The world is full of acronyms, but if you are an Accountable Institution then FICA is one you need to become accustomed to. While you may have heard...
What Documents do I Need to Perform Due Diligence in line with the FICAA?
A frequently asked question among Accountable Institutions (AIs) is “What documents should I be requesting in order to adequately perform FICA for...
The Anti-Money Laundering Toolkit Every Estate Agent Needs To Read
Illicit funds acquired through predicate crimes need to be cleaned before they can be enjoyed without raising suspicion. As we all know criminals...
FICA Compliance Is More Than A Checklist
Knowing your client is a fundamental part of the due diligence required by the Financial Intelligence Centre Amendment Act (FICAA). The FICAA...
New Anti-Corruption Advisory Council tasked with fighting financial crimes
On Thursday 11 February, President Cyril Ramaphosa distinctly laid out four pillars for 2021, including the management of Covid-19, accelerating...
Ultimate Beneficial Owners – Finding needles in haystacks
Those with less honourable intentions may seek the opportunity to retain control over criminally derived assets while frustrating the ability of law...
