The Financial Intelligence Centre (FIC) on 1 September published Revised Guidance Note 7a, effective September 1, 2025, which replaced both Guidance...
nCino
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.
Manual FICA Compliance is Draining Law Firms' Billable Hours – And Risking Crippling Penalties
For law firms across South Africa, the challenge of Financial Intelligence Centre (FICA) compliance is becoming a mounting (and unnecessary)...
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...
The Hidden Threat: How Financial Crime Continues to Blindside South African Businesses
When it comes to financial crime, the warning signs are almost always there, but not always spotted in time. In South Africa’s current, tightened...
Politically Exposed Clients: The Minefield Zondo Flagged before FATF Greylisting
Accountable institutions face crippling penalties if their KYC screening fails to flag a client as a Politically Exposed Person (PEP). As the nation...
Directive 9: Travel Rule Relating to Crypto Asset Transfers
The Financial Intelligence Centre (FIC) issued Directive 9 that comes into effect on the 1st of May 2025. The Directive outlines compliance...
Greying out SA’s Greylisting: The Smart Technology Being Built in the Era of Sophisticated Financial Crime
In an era where financial crimes are becoming increasingly sophisticated, Greylisting evidenced South Africa faces significant challenges in...
FIC Issues Final Guidance on FICA Implementation with Release of Guidance Note 7A
On 13 February, the Financial Intelligence Centre (FIC) issued the final version of Guidance Note 7A, which provides clarity and assistance regarding...
