Updated risk assessments for estate agents and legal practitioners
The Financial Intelligence Centre has revised the reports first issued in March 2022.
The contract went through 10 iterations between July 2019 and March 2020, with the term ‘infectious and contagious diseases’ variously in or out.
Read moreThe Financial Intelligence Centre has revised the reports first issued in March 2022.
Coenraad Botha and his wife are facing 64 charges in Namibia related to an alleged illegal investment scheme involving N$163 million.
A new approach may be required to how financial institutions are remunerated for services rendered in respect of unclaimed assets, the Authority says.
The agenda includes FICA compliance, the roll-out of Omni-CBRs, and managing the risks around business email compromise.
Taxpayers carrying on trade as an investment holding company should ensure they can demonstrate a high degree of involvement in the operations of the subsidiaries.
A high-value good is an actual physical item, and facilitating the trade of high-value goods does not make one a HVGD.
The FSCA has launched the second and final batch of the 22-module online course for board members of retirement funds.
The Authority should have conducted its own investigation and not relied solely on information provided by the insurer, the Tribunal says.
The FSCA publishes its latest list naming thousands of entities that allegedly owe retirement fund contributions.
The agenda includes FICA compliance, the roll-out of Omni-CBRs, and managing the risks around business email compromise.
The FSCA reiterates that copy or mirror trading amounts to unlicensed discretionary FSP business.
One of the businesses admitted to issuing more than 4 000 policies and collecting R14 million in premiums without having a licensed underwriter.
The Authority warns key individuals not to associate their names with ODP operators without knowing how they are conducting their business.
Jooste was more blameworthy than others because he deliberately contravened the law and was well qualified to understand his conduct’s implications, the FSCA says.
The FSCA is still waiting for him to make good on the reduced fine of R20m imposed in December 2022 for insider trading.
An application clause will provide for the Pension Funds Act to prevail over the Divorce Act where the Acts’ provisions conflict.