The Financial Intelligence Centre (FIC) recently issued a Draft Directive 9 that will require Accountable Institutions that engage in crypto asset...
nCino
Articles
Keep informed and updated with the latest in FICA compliance / Anti-Money Laundering News as well as the latest DocFox offerings and services.
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...
The Reality of Financial Crime in South Africa: Where do we stand and what can we do?
The greylisting of South Africa (SA) in 2023 by the Financial Action Task Force (FATF) was a wake up call to many who may not have realised the...
2023 Round-Up: A Summary of Greylisting, New FICA Directives & Amendments
2023 has been a year filled with changes to the FIC Act, updates within the financial crime and compliance landscape, and many more. However, it all...
Why is it Important to do Continuous Client Screening?
We are often asked if continuous screening is required by the Financial Intelligence Centre Act (FICA) or if it is just additional work? To answer...
Learnings from the 2022/2023 FIC Annual Report
As you may well be aware, there have been several changes to FICA legislation within the 2022/2023 period, from cash threshold increases for...
The Wars between the Laws: POPIA v FICA
We often receive questions regarding the intersection between the Financial Intelligence Centre Act (FICA) and the Protection of Personal Information...
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...
