Trust and Company Service Providers (TCSPs) face unique compliance challenges under South Africa's Financial Intelligence Centre Act (FICA). Since...
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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.
Learnings from the 2024/25 FIC Annual Report
The Financial Intelligence Centre (FIC) has released its annual report covering the key period of April 2024 to March 2025. With South Africa's...
South Africa Exits the FATF Greylist: What this Means for Compliance in 2025 and Beyond
After almost three years of dedicated reform efforts, South Africa has successfully exited the FATF greylist. The international money laundering and...
Everything You Need to Know about the FIC’s Revised Guidance Note 7a
The Financial Intelligence Centre (FIC) on 1 September published Revised Guidance Note 7a, effective September 1, 2025, which replaced both Guidance...
A Guide to Identifying Ultimate Beneficial Owners (UBOs)
The concept of Ultimate Beneficial Owners (UBOs) exists to prevent criminals from using complex structures or legal persons to conceal true...
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What You Need to Know About a Risk Management and Compliance Programme (RMCP)
In May 2025 the Financial Intelligence Centre (FIC) highlighted the importance of having a Risk Management and Compliance Programme (RMCP): “An...
Draft Directive 9: Travel Rule Relating to Crypto Asset Transfers
The Financial Intelligence Centre (FIC) recently issued a Draft Directive 9 that will require Accountable Institutions that engage in crypto asset...
