Compliance and Legislation – Page 48 – Moonstone Information Refinery

Day 2 Highlights from the FSCA Industry Conference 2026

Three things to note when it comes to customer due diligence and assessing money laundering and terrorist financing risk.

FSCA has taken steps after considering the statutory manager’s report.

Following ‘prolonged non-compliance’ with the liquidity and capital adequacy requirements.

Labour Appeal Court rules that Standard Bank branch manager must be reinstated.

The amendments to Schedule 1 of Fica mean more individuals and businesses have, by definition, become accountable institutions.

New requirements include the identification of ultimate beneficial owners and beefed-up risk management and compliance programmes.

FSCA says giving investors in a targeted portfolio an opportunity to object will not effectively nullify the exemption.

What tax professionals should do if they unintentionally find themselves on the wrong side of Sars.

FST’s decision reveals a litany of problems with the procedure followed.

Applicant argues that non-compliance is not a contravention when the law does not provide for a penalty.

Taxpayers should formulate comprehensive grounds of objection and appeal from the beginning of the dispute resolution process.

Among other things, trustees are obliged to keep adequate records in relation to beneficial ownership.

FSCA implements notice exempting funds from certain qualifying criteria in Board Notice 75.

The contraventions were a result of a misinterpretation of the legal position.

National Credit Regulator wanted three vehicle finance houses to refund consumers OTR fees and interest charged since 2007.

An independent intermediary must be authorised by the insurer to engage in ‘direct collection of premium’ activities.

Attorney also sought an order holding Standard Bank liable if the court found that he had to pay the respondents.