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In terms of the Financial Intelligence Centre Act (“FICA”), one of the key requirements includes and forms the backbone of the legislation, is for...

Directive 6 & Directive 7 serve to inform certain Accountable Institutions that they must submit information regarding their understanding of money...

The purpose of Directive 8 is to require Accountable Institutions to screen prospective employees and current employees for competence and integrity,...

As an Accountable Institution, one of the key compliance obligations in terms of the Financial Intelligence Centre Act, as amended (FICA), is to...

Money laundering refers to the passing of illicit , or ‘dirty’ money, through a sequence of transfers, changes or commercial transactions that...

“Greylisting” is all the buzz at the moment, but how did we get here and more importantly how do we get out?

A question that we often get asked is whether or not rental agents need to FICA their rental clients. The answer is yes you do! As per the FIC Act,...

We recently posted an article on the potential effects of South Africa being “greylisted”, focused primarily on what this means, why this is...