The year 2024 has been marked by significant events that have impacted South Africa's financial landscape. From global cocaine smuggling operations...
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From the Street to the Boardroom: The Shocking Reality of Money Laundering in South Africa
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...
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...
Upholding Accountability: The Impending 2024 South African Elections and the Financial Intelligence Centre Act (FICA)
As South Africa gears up for the 2024 general elections, one significant aspect under the spotlight is the Financial Intelligence Centre Act (FICA)...
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...
The Significance of FICA Compliance: Why it Matters to All of Us
With a staggering 2 - 5% of global GDP, equivalent to around $800 billion - $2 trillion, being laundered annually, the imperative for robust...
