The Financial Intelligence Centre Act (FICA) was introduced to fight financial crime, such as money laundering, tax evasion, and terrorist financing...
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2024 Round-Up: Strengthening FICA Compliance in the Fight Against Financial Crime
The year 2024 has been marked by significant events that have impacted South Africa's financial landscape. From global cocaine smuggling operations...
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...
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...
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...
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...
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)...
