FSCA gears up for tougher enforcement as scams and misconduct rise

From funeral policy breaches to crypto non-compliance and weak AML measures, the regulator’s latest report outlines its key priorities – with online harm topping the list.

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National Credit Act Workshop

We received many requests, in particular from people in the motor industry, for guidance on the impact of this legislation on their business. In response to this, we developed a course to assist […]

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Shades of 1995

South Africa’s victory in the Rugby World Cup final in 1995 is arguably the finest moment in our rugby history. I still believe the opening game at Newlands laid the platform for what […]

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Once Bitten

Steve Manning, an ex-pat living in Australia, posted this on Facebook: The Boks have always been done in by refs. Here is Frik Du Preez being blatantly bitten on the hand by Chris […]

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Funeral Industry Arrangements Under Review

Co-administration agreements (also referred to as profit-sharing or 80/20 agreements) between insurers and funeral parlours or funeral administrators are under the magnifying glass of the FSB. This is very much in line with […]

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The Continuing Saga

The fact that a referee’s poor decisions are still the main talking point around the world of rugby, indicates that fans have now had enough. It appears that the IRB has finally taken […]

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The Domino Effect

The temptation to join in the free-for-all in lambasting Romain Poite is huge, and it is difficult to find something new to say. The indignation we experienced after the event was not limited […]

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Physician Heal Thyself

The Council for Medical Schemes (CMS) published its annual report on 3 September 2013. The 5-page media release contains some very interesting statistics about trends in the industry, as well as a summary […]

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The importance of Effective Oversight

The latest determination by the Ombud contains several important pointers for advisors, particularly from a record keeping and oversight perspective. The Van Vuuren couple, at the respective ages of 66 and 69, effected […]

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The Obedient Wife

There was a man, who worked hard all his life, saved all of his money – and was a real miser. Just before he died, he said to his wife…’When I die, I […]

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Prohibition of Inducements

The word “prohibition” always conjures up images of Al Capone and his merry men, armed with Tommy guns, outsmarting the cops who had to apply the ban on liquor which the majority of […]

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Go Big, Boys

Heyneke Meyer was happy to be able to name an unchanged squad, but realises that there is still a long way to go in terms of where we want to be. “You don’t […]

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A Lesson in Irony…

The Food Stamp Program, administered by the U.S. Department of Agriculture, is proud to be distributing this year the greatest amount of free Meals and Food Stamps ever, to 46 million people. Meanwhile, […]

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Moonstone Binder Workshops: Cape Town & Durban

The FSB’s Information Letter 3 of 2013, published on 1 July, provides further clarity on: What activities constitute binder functions Defines some activities which the FSB considers to be incidental to binder functions […]

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Debarments a Sorry State of Affairs

“The volumes of cases for debarments are mind boggling as they paint a picture of an industry replete with misfits and incompetent representatives. Simply put, the public is at risk.” Harsh words from […]

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