Compliance and Legislation – Page 38 – Moonstone Information Refinery

Video interview: New mutual insurer enters the market

Sars will not only be able to verify who qualified for the rebate, but also who had the money to instal solar panels.

A deeper look at what accountable institutions must do to comply with the Financial Intelligence Centre’s directive.

The declaration of crypto assets as a financial product does not affect financial services rendered in relation to crypto asset derivatives.

Several investigations are looking into possible regulatory breaches by insurers, the Authority says.

Concern over the ‘alarming’ number of cases involving the submission of fictitious policies to insurers.

Case of Smart Billion highlights what is expected of KIs, says FSCA.

The penalties imposed by the Authority on Viceroy and Markus Jooste came to R211 million.

Moonstone will check the authenticity of a certificate if provided with written consent.

The assertions by competitor Everything.Insure are misleading and defamatory, the insurance aggregator says.

The insurer must prove on a balance of probabilities that the insured recognised the danger and proceeded with his course of action.

The Authority is looking into allegations that the company was involved in money laundering.

They concern two deductions: non-business-related interest expenses and fees paid to tax practitioners for completing tax returns.

Sanctions can include a fine of up to R10 million in respect of a natural person and R50m in respect of a legal person.

Trustees and principal officer commit to good governance in enforceable undertaking signed with the FSCA.

Two complaints where the FAIS Ombud held that the FSPs had not drawn the clients’ attention to the material terms.

Applicant tells the tribunal she transferred the information to her private Gmail account to support her complaint to the CCMA.

The insured submitted a third-party liability claim two months after the incident.