Compliance and Legislation – Page 44 – Moonstone Information Refinery

Video interview: New mutual insurer enters the market

Authority publishes the final version of its strategy to promote transformation in the financial sector.

And MBSE’s updated Fica Awareness Short Course is the ideal way to get to grips with your organisation’s compliance obligations.

The far-reaching implications of debarment were not justified in the circumstances, the FST finds.

Trustees cannot be expected to have all the information within a few hours of the gazetting of the final regulations, it says.

The police said the WhatsApp message was to alert stations of the serious crime, but it leaked from its ‘intended communication channels’.

Among other provisions, financial education must not be used as a guise for marketing.

They must also check whether prospective and current employees are the subject of United Nations sanctions.

There are different deadlines, depending on whether the entity became an accountable institution before or after December 2022.

A failure to file tax returns may result in penalties, for which the directors may be held personally liable.

At issue: was the acknowledgement of debt/power of attorney a supplementary agreement?

Authority says mistakes were made, but they were rectified.

PSG contended its liability for loss could not include instances where the client’s computer was hacked because of his negligence.

Companies will have to file information with the CIPC about the natural persons who are the beneficial owners of the company.

Habib Overseas Bank has failed to comply with financial sector regulations, including strict exchange control rules, it says.

Hacker gets away with R800 000 after duping PSG Wealth employees twice within 10 days.

Trustees will have to report directly to Sars, outside of the current trust tax return process, and before the trust tax return is due.

There is still considerable uncertainty regarding what must to be implemented by the retirement industry.