Previously, Motor Vehicle Dealers (MVDs) were listed as Reporting Institutions in the Financial Intelligence Centre Act (FICA). The FIC changed gears...
nCino
Articles
Keep informed and updated with the latest in FICA compliance / Anti-Money Laundering News as well as the latest DocFox offerings and services.
The Beneficial Ownership Register: What You Need to Know
In keeping with addressing deficiencies outlined by the FATF and its consequential grey listing of South Africa, the CIPC has been mandated in terms...
What is a FICA Compliance Officer?
In terms of the Financial Intelligence Centre Act (“FICA”), one of the key requirements includes and forms the backbone of the legislation, is for...
What you Need to Know About the FIC Directive 6 & 7: Risk & Compliance Returns
Directive 6 & Directive 7 serve to inform certain Accountable Institutions that they must submit information regarding their understanding of money...
What is Required for the FIC Directive 8: Screening Employees
The purpose of Directive 8 is to require Accountable Institutions to screen prospective employees and current employees for competence and integrity,...
Webinar Summary: Navigating the Path to FATF Delisting - What you Need to Know
nCino KYC Africa hosted a webinar on 29 March where Hawken McEwan, Director of Risk and Compliance at nCino KYC Africa discussed what “greylisting”...
5 Examples of KYC According to the FIC Act
As an Accountable Institution, one of the key compliance obligations in terms of the Financial Intelligence Centre Act, as amended (FICA), is to...
Prevent Your Business from Being Involved in a Money Laundering Scheme
Money laundering refers to the passing of illicit , or ‘dirty’ money, through a sequence of transfers, changes or commercial transactions that...
