Accountable institutions face crippling penalties if their KYC screening fails to flag a client as a Politically Exposed Person (PEP). As the nation...
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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.
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...
2024 Round-Up: Strengthening FICA Compliance in the Fight Against Financial Crime
The year 2024 has been marked by significant events that have impacted South Africa's financial landscape. From global cocaine smuggling operations...
From the Street to the Boardroom: The Shocking Reality of Money Laundering in South Africa
South Africa’s battle against crime isn’t just fought on the streets—it is waged in online meetings, boardrooms, banks, and businesses nationwide. As...
A Guide on Registering Your Business as an Accountable Institution
Are you ready to take the first critical step toward FICA compliance? If your business is an Accountable Institution, registering with the Financial...
