According to section 43 of the Financial Intelligence Centre Amendment Act (FICAA), Accountable Institutions must provide ongoing training relating...
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Everything You Need to Know About Ultimate Beneficial Owners [Part 2]
In part one of our series, we had a look at what Ultimate Beneficial Owners (UBO’s) are and why they matter. This included discussing why The FIC...
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Everything You Need to Know About Ultimate Beneficial Owners [Part 1]
Not sure about the what, why and how of identifying Ultimate Beneficial Owners (UBO’s)? In this three-part series, we will dig a little deeper into...
![Everything You Need to Know About Ultimate Beneficial Owners [Part 1]](https://blog.kycafrica.ncino.com/hubfs/Ultimate%20Beneficial%20Ownership%20-%20Part%201.webp)
Top Acts And Acronyms that Every Accountable Institution Should Know
Several Acts have been established with the aim of identifying, reporting and prosecuting criminal activities relating to money laundering and...
Understanding Money Laundering and Terrorist Financing
Money Laundering and Terrorist Financing are often used in the same sentence, and while there can be some similarities in terms of process, they are...
A Guide To Identifying And Reporting Suspicious Behaviours And Transactions
“It’s not who I am underneath, but what I do that defines me.”- Bruce Wayne In the world of compliance the Financial Intelligence Centre (FIC) can be...
The Most Comprehensive DPEP Database in South Africa
When discussing Anti-Money Laundering there has always been the concept of a Politically Exposed Person (PEP) which recognises that people in...