Notice of a FIC inspection often happens with very little warning. Our expert compliance team has assisted many businesses with guidance regarding...
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.
Why do Accountable Institutions require such detailed information for FICA compliance?
The Financial Intelligence Centre Act (FICA) was introduced to fight financial crime, such as money laundering, tax evasion and terrorist financing...
Money Laundering and Terrorist Financing Risk Indicators for Accountants
As most of you may know, the draft sector risk assessment for accountants was released for comment on 6 November 2023. This was informed by the...
Prevent Your Business from Being Involved in a Money Laundering Scheme
Money laundering refers to the passing of illicit , or ‘dirty’ money, through a sequence of transfers, changes or commercial transactions that...
The Inherent Money Laundering Risks in the Gambling Sector
The Financial Intelligence Centre (FIC) has recently published a report regarding an assessment into the inherent money laundering and terrorist...
The Money Laundering & Terrorist Financing Vulnerabilities of SA’s Property Sector
Various categories of property transactions are undertaken in the South African property market, including in terms of undeveloped land, residential,...
Motor Vehicle Dealers and Their Inherent Money Laundering Risks
The Financial Intelligence Centre (FIC) has published a Report regarding the inherent money laundering and terrorist financing risks encountered by...
Understanding Money Laundering and Terrorist Financing
Money Laundering and Terrorist Financing are often used in the same sentence, and while there can be some similarities in terms of process, they are...
