“Greylisting” is all the buzz at the moment, but how did we get here and more importantly how do we get out?
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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.
How South Africa is Legally Tackling Potential Greylisting
We recently posted an article on the potential effects of South Africa being “greylisted”, focused primarily on what this means, why this is...
New Politically Exposed and Prominent Influential Persons Acronyms in Terms of the FIC Act
The past few months have seen a wide variety of important amendments occurring within the Anti-Money Laundering and Combating Terrorism Financing...
New Accountable Institutions in Terms of the FIC Act
At the end of 2022 we published an article to communicate the new categories made in Schedule 1 to the FICA, which is the schedule listing all...
Recent Important FICA Amendments you Should be Aware of
The past few months have seen a wide variety of important amendments occurring within the Anti-Money Laundering and Combating Terrorism Financing...
Cash Reporting Threshold increase and other Changes to FICA Rules
The Financial Intelligence Centre (FIC) recently issued a media release regarding amendments to the Financial Intelligence Centre Act (FICA),...
Geographic Risk: Not Everything is Black and Grey
As an Accountable Institution, it is important to have a heightened awareness of what raises alarm bells or suspicion of money laundering and/or...
Ultimate Beneficial Owners – Finding needles in haystacks
Those with less honourable intentions may seek the opportunity to retain control over criminally derived assets while frustrating the ability of law...
