South Africa’s battle against crime isn’t just fought on the streets—it is waged in online meetings, boardrooms, banks, and businesses nationwide. As...
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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.
A Guide on Registering Your Business as an Accountable Institution
Are you ready to take the first critical step toward FICA compliance? If your business is an Accountable Institution, registering with the Financial...
Learnings from the 2023/2024 FIC Annual Report
It is “that time” of the year again, during the 2023/24 financial year, the Financial Intelligence Centre (FIC) delivered on the eight strategic...
From 25% to 5%: South Africa’s New Ultimate Beneficial Ownership (UBO) Guidance Explained
In the ongoing battle against financial crime, South Africa has taken a significant step forward. The Financial Intelligence Centre (FIC) has...
A Guide on How to Prepare for a FIC Inspection
Notice of a FIC inspection often happens with very little warning. Our expert compliance team has assisted many businesses with guidance regarding...
FICA FAQ Guide for High-Value Goods Dealers
As a High-Value Goods Dealer (HVGD), do you have questions about the Financial Intelligence Centre Act (FICA) and the requirements you have to meet?...
Digging Deeper: Changes to Ultimate Beneficial Ownership (UBO) Guidance
Certain types of legal entities, such as companies, trusts, and partnerships, can be particularly susceptible to misuse by criminals due to their...
Uniting Against Financial Crime in South Africa: A Call for Collaborative Action
Allowing financial criminals to operate in our economy will have severe repercussions. From corroding business integrity and investor confidence to...
