With South Africa facing possible “grey listing” by the Financial Action Task Force (FATF), as a result of its mutual evaluation report of October...
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.
New Politically Exposed and Prominent Influential Persons Acronyms in Terms of the FIC Act
The past few months have seen a wide variety of important amendments occurring within the Anti-Money Laundering and Combating Terrorism Financing...
New Accountable Institutions in Terms of the FIC Act
At the end of 2022 we published an article to communicate the new categories made in Schedule 1 to the FICA, which is the schedule listing all...
Recent Important FICA Amendments you Should be Aware of
The past few months have seen a wide variety of important amendments occurring within the Anti-Money Laundering and Combating Terrorism Financing...
7 Reasons Why You Should Automate Your FICA Process
There is no doubt that software and digital solutions have forever changed how businesses manage their regulatory compliance. The concept of digital...
How to FICA a Deceased Estate
One of the questions we frequently get asked is “How to FICA a Deceased Estate”. Below we will explore what a Deceased/Late Estate (Estate) is and...
Cash Reporting Threshold increase and other Changes to FICA Rules
The Financial Intelligence Centre (FIC) recently issued a media release regarding amendments to the Financial Intelligence Centre Act (FICA),...
Slaying the FICA Misconceptions in the Real Estate Sector
As per the Financial Intelligence Centre Amendment Act 1 of 2017 (FICAA) Estate Agents are included in the classification of Schedule 1 Accountable...
