After almost three years of dedicated reform efforts, South Africa has successfully exited the FATF greylist. The international money laundering and...
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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.
South Africa Awaits FATF Greylisting Verdict: A Key Timeline & Analysis
With the Financial Action Task Force (FATF) set to announce its decision on South Africa’s greylisting status in the coming weeks, the nation’s...
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...
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...
Essential Reporting Obligations for Accountable Institutions
As an Accountable Institution (AI), a certain amount of anxiety arises when the topic of reporting obligations and the appropriate timing for...
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...
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)...
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