One of the questions we frequently get asked is “How to FICA a Deceased Estate”. Below we will explore what a Deceased/Late Estate (Estate) is and...
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Articles
Keep informed and updated with the latest in FICA compliance / Anti-Money Laundering News as well as the latest nCino KYC offerings and services.
Cash Reporting Threshold increase and other Changes to FICA Rules
The Financial Intelligence Centre (FIC) recently issued a media release regarding amendments to the Financial Intelligence Centre Act (FICA),...
Slaying the FICA Misconceptions in the Real Estate Sector
As per the Financial Intelligence Centre Amendment Act 1 of 2017 (FICAA) Estate Agents are included in the classification of Schedule 1 Accountable...
Important Requirements Of The FIC Amendment Act
In our recent article we took a look at The 7 key requirements that need to be met in order to be FICA compliant. Within these 7 key requirements...
The Inherent Money Laundering Risks in the Gambling Sector
The Financial Intelligence Centre (FIC) has recently published a report regarding an assessment into the inherent money laundering and terrorist...
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An Example Of When To Conduct Enhanced Due Diligence In The Property Sector
In our last blog, There is more to KYC than Credit Checks - Client Risk Assessment for Estate Agents, it was discussed that in addition to checking...
There is More to KYC than Credit Checks-Client Risk for Estate Agents
A New Lease on FICAA Compliance: Building a Client Risk Assessment Framework Brick by Brick
The Money Laundering & Terrorist Financing Vulnerabilities of SA’s Property Sector
Various categories of property transactions are undertaken in the South African property market, including in terms of undeveloped land, residential,...
