2023 has been a year filled with changes to the FIC Act, updates within the financial crime and compliance landscape, and many more. However, it all...
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Articles
Keep informed and updated with the latest in FICA compliance / Anti-Money Laundering News as well as the latest DocFox offerings and services.
Why is it Important to do Continuous Client Screening?
We are often asked if continuous screening is required by the Financial Intelligence Centre Act (FICA) or if it is just additional work? To answer...
Anti-Money laundering and Terrorist Financing Risk Indicators for Accountants
As most of you may know, the draft sector risk assessment for accountants was released for comment on 6 November 2023. This was informed by the...
Learnings from the 2022/2023 FIC Annual Report
As you may well be aware, there have been several changes to FICA legislation within the 2022/2023 period, from cash threshold increases for...
The Wars between the Laws: POPIA v FICA
We often receive questions regarding the intersection between the Financial Intelligence Centre Act (FICA) and the Protection of Personal Information...
Guidance for Trust & Company Service Providers in terms of FICA Obligations
Schedule 1 of the Financial Intelligence Centre Act (FICA) was amended towards the end of 2022 to include Trust and Company Service Providers to the...
Breaking the Myths Around FICA Outsourcing
nCino KYC Africa's Director of Risk and Compliance, Hawken McEwan, answers some of the most commonly received questions on outsourcing FICA...
FICA Q&A Guide for Property Practitioners
We have partnered with several property institutions, partners, and practitioners and found that within the property sector, there is still a...
