On Thursday 11 February, President Cyril Ramaphosa distinctly laid out four pillars for 2021, including the management of Covid-19, accelerating...
nCino
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.
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...
FICA vs. Legal Confidentiality
More often than not in the legal profession client-attorney confidentiality is what puts clients at ease. Clients feel safe and guarded knowing that...
Risk-Based Approach for the Legal Profession
As mentioned in our previous post: "FICA to FICAA” an important component of the Financial Intelligence Centre Amendment Act 1 of 2017 (FICAA) is the...
What Happens When a FIC Inspector Calls
Accountable and Reportable Institutions are subject to inspection to assess their level of compliance with the Financial Intelligence Centre Act...
Understanding, Identifying and Working with DPEPs and FPEPs
In a recent blog we took a look at The FIC Amendment Act of 2017 (FICAA) and highlighted key concepts which changed from when the Act came into...
Common Terms Relating to the FIC Amendment Act and What They Mean
“According to The FIC Amendment Act (FICAA), AIs must follow an RBA when managing risks related to ML and TF” We understand that getting to know and...
From FICA to FICAA – Are You Still Not Sure What Has Changed?
By now we all know about or have been affected by FICA, The Financial Intelligence Centre Act, 38 of 2001, which came into effect on 1 July 2003....