The risk assessment reports are intended to help accountable institutions understand their money laundering and terrorism financing risks.
COMPLY WITH DIRECTIVE 7 BY FRIDAY OR FACE THE CONSEQUENCES, SAYS FIC
Accountable institutions that ignore Directive 7 and fail to submit a risk and compliance return (RCR) by Friday face being sanctioned by the Financial Intelligence Centre (FIC).Read more
The South African Revenue Service is flagging tax returns that have not been filed and where it has third-party information available to it.
When faced with a bad debtor, establish whether the contractual relationship is a specific contract and/or a standard terms and conditions contract.
A recent High Court ruling underscores the fiduciary duties of financial services providers in the context of escalating digital threats.
The finance committee’s decision seems, in part, to be based on the assumption that some fund administrators will be ready to ‘go live’ on 1 March next year.
As the finance industry adjusts to the new Joint Standard principles, MBSE is delving into the world of AI and its impact on cybersecurity controls in an upcoming webinar.
As car insurance underwriting becomes increasingly intricate, brokers play a crucial role in informing clients of the distinctions between private and business usage.
The consultant should have provided the available options to the insured and left it to the insured to decide which category best suited his business.
The excitement of scoring great Black Friday deals is accompanied by a crucial reminder: the importance of insurance to safeguard purchases from unforeseen mishaps.
The same transaction may give rise to the submission of multiple reports to the Financial Intelligence Centre.
CS Forensics CEO Christo Snyman says implementing effective risk mitigation strategies can significantly prevent the escalation of employee fraud.
The collaboration aims to empower Old Mutual Insure to broaden its footprint and provide specialised liability coverage throughout the African continent.
The National Assembly’s Standing Committee on Finance met on Tuesday morning to deliberate clause-by-clause on the two-pot legislation.
Financial sector participants should take note of the differences between the NFO’s Rules and the rules of the existing ombud schemes.
The SCA finds the policyholder failed to produce evidence to support his pleaded claim for damages based on the vehicle’s market value.
The compliance landscape has shifted from ticking the boxes to risk anticipation, risk identification, and proper disclosure.