The year 2024 has been marked by significant events that have impacted South Africa's financial landscape. From global cocaine smuggling operations to local financial crimes, these events...
From the Street to the Boardroom: The Shocking Reality of Money Laundering in South Africa
South Africa’s battle against crime isn’t just fought on the streets—it is waged in online meetings, boardrooms, banks, and businesses nationwide. As our crime rates surge, so does the...
A Guide on Registering Your Business as an Accountable Institution
Are you ready to take the first critical step toward FICA compliance? If your business is an Accountable Institution, registering with the Financial Intelligence Centre (FIC) is not just a...
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 action items, outlined in its annual report,...
From 25% to 5%: South Africa’s New Ultimate Beneficial Ownership (UBO) Guidance Explained
In the ongoing battle against financial crime, South Africa has taken a significant step forward. The Financial Intelligence Centre (FIC) has recently issued new guidance on Ultimate...
A Guide on How to Prepare for a FIC Inspection
Notice of a FIC inspection often happens with very little warning. Our expert compliance team has assisted many businesses with guidance regarding inspections and so we have used this...
FICA FAQ Guide for High-Value Goods Dealers
As a High-Value Goods Dealer (HVGD), do you have questions about the Financial Intelligence Centre Act (FICA) and the requirements you have to meet? We’ve compiled a FICA FAQ guide to...
Uniting Against Financial Crime in South Africa: A Call for Collaborative Action
Allowing financial criminals to operate in our economy will have severe repercussions. From corroding business integrity and investor confidence to fuelling broader corruption, violence,...
South Africa Faces ‘Perfect Storm’ of Financial Crime, Ready to ‘Fight Back’
Only by prioritising a concerted crackdown that brings all stakeholders together can the country arrest the spread of financial criminality.