nCino

Accountable institutions face crippling penalties if their KYC screening fails to flag a client as a Politically Exposed Person (PEP). As the nation fights to escape its greylisting,...

The Financial Intelligence Centre (FIC) issued Directive 9 that comes into effect on the 1st of May 2025. The Directive outlines compliance requirements under the "Travel Rule" in alignment...

In an era where financial crimes are becoming increasingly sophisticated, Greylisting evidenced South Africa faces significant challenges in combating money laundering and terrorist...

On 13 February, the Financial Intelligence Centre (FIC) issued the final version of Guidance Note 7A, which provides clarity and assistance regarding compliance with the risk management and...

As an Accountable Institution (AI), a certain amount of anxiety arises when the topic of reporting obligations and the appropriate timing for reporting is mentioned. All AIs play a crucial...

nCino KYC Africa, formerly known as DocFox Africa, has not only undergone a name change but has spent the last few months reimagining what the future of FICA compliance looks like.  

The year 2024 has been marked by significant events that have impacted South Africa's financial landscape. From global cocaine smuggling operations to local financial crimes, these events...

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 our crime rates surge, so does the...

Are you ready to take the first critical step toward FICA compliance? If your business is an Accountable Institution, registering with the Financial Intelligence Centre (FIC) is not just a...

It is “that time” of the year again, during the 2023/24 financial year, the Financial Intelligence Centre (FIC) delivered on the eight strategic action items, outlined in its annual report,...

In the ongoing battle against financial crime, South Africa has taken a significant step forward. The Financial Intelligence Centre (FIC) has recently issued new guidance on Ultimate...

Notice of a FIC inspection often happens with very little warning. Our expert compliance team has assisted many businesses with guidance regarding inspections and so we have used this...

As a High-Value Goods Dealer (HVGD), do you have questions about the Financial Intelligence Centre Act (FICA) and the requirements you have to meet? We’ve compiled a FICA FAQ guide to...

Certain types of legal entities, such as companies, trusts, and partnerships, can be particularly susceptible to misuse by criminals due to their structure or inherent characteristics....

Allowing financial criminals to operate in our economy will have severe repercussions. From corroding business integrity and investor confidence to fuelling broader corruption, violence,...

Only by prioritising a concerted crackdown that brings all stakeholders together can the country arrest the spread of financial criminality. South Africa is grappling with a “perfect storm”...

Dealers of high-value goods such as art, cars, commercial vehicles, machinery and even jewellery must adhere to the Financial Intelligence Centre Act (FICA) regulations targeting financial...

As South Africa gears up for the 2024 general elections, one significant aspect under the spotlight is the Financial Intelligence Centre Act (FICA) and its mandate on organisations to...

On the 18th of March, 2024 -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, announced that they would be acquiring DocFox. nCino is a...

The Financial Intelligence Centre (FIC) recently issued a Draft Directive 9 that will require Accountable Institutions that engage in crypto asset transfers for or on behalf of their...