According to Schedule 1 of the Financial Intelligence Centre Act (FICA) law firms are classified as Accountable Institutions and so all lawyers,...
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Why Regulation is Necessary for the Crypto World
According to a Statista Global Consumer Survey, South Africa is among the top five countries in terms of cryptocurrency ownerships with 17.8% of...
Why You Should Spend More Time On Adverse Media
Adverse media can be defined as unfavourable information that can be found across a variety of news sources, including traditional newspapers, the...
The Cost of FICA Non-Compliance
The Financial Intelligence Centre Amendment Act 1 of 2017 (FICA) is worlds away from a simple add-on to your existing business procedures as it...
Legal Practice Council Warns Members of Non-Compliance
On the 17th of June 2021 the Legal Practice Council (LPC) issued an advisory to all legal practitioners in South Africa. The advisory detailed a...
FICA Handbook For Accountable Institutions
The Financial Intelligence Centre Act (FICA) was introduced to fight financial crime, such as money laundering, tax evasion, and terrorist financing...
What is a Risk-Based Assessment?
Every Accountable Institution faces some degree of money laundering risks. Therefore, it has become more and more crucial for Accountable...
Geographic Risk: Not Everything is Black and Grey
As an Accountable Institution, it is important to have a heightened awareness of what raises alarm bells or suspicion of money laundering and/or...