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...
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.
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...
The Best FICA Compliance Partner for Law Firms
According to Schedule 1 of the Financial Intelligence Centre Act (FICA) law firms are classified as Accountable Institutions and so all lawyers,...
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...