Schedule 1 of the Financial Intelligence Centre Act (FICA) was amended towards the end of 2022 to include Trust and Company Service Providers to the...
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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.
Breaking the Myths Around FICA Outsourcing
nCino KYC Africa's Director of Risk and Compliance, Hawken McEwan, answers some of the most commonly received questions on outsourcing FICA...
FICA Q&A Guide for Property Practitioners
We have partnered with several property institutions, partners, and practitioners and found that within the property sector, there is still a...
Motor Vehicle Dealers are now Accountable Institutions and are required to FULLY comply with FICA
Previously, Motor Vehicle Dealers (MVDs) were listed as Reporting Institutions in the Financial Intelligence Centre Act (FICA). The FIC changed gears...
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,...
