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Keep informed and updated with the latest in FICA compliance / Anti-Money Laundering News as well as the latest nCino KYC offerings and services.
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...
What is FICA and Why Should you Care About it?
The world is full of acronyms, but if you are an Accountable Institution then FICA is one you need to become accustomed to. While you may have heard...
What Documents do I Need to Perform Due Diligence in line with the FICAA?
A frequently asked question among Accountable Institutions (AIs) is “What documents should I be requesting in order to adequately perform FICA for...