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Tag Archives | Compliance


POPIA – How to start your compliance project

Considering the just announced POPIA “go live” date, Ilze Luttig Hattingh of Novation Consulting, advises on seven things you can do to kickstart your POPIA compliance project – even during a worldwide pandemic: 1. Assemble a project team 2. Do an information governance (IG) maturity assessment 3. Work out a high-level project plan 4. Work […]

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Internal COVID-19 Compliance Officer – Focus on Disaster Management as distinct from Fit and Proper CO

The latest Regulations in terms of the Disaster Management Act set out specific measures that employers are required to take to protect their employees in the workplace from COVID-19. According to the Level 4 Regulations (Sec 16(6)) as well as Clause 16.5 of the COVID-19 Directives on Health and Safety in the Workplace, the employer must designate […]

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Customer due diligence – FIC clarifies who is responsible for what, and when

The Financial Intelligence Centre (FIC) has just published Public Compliance Communication No 43 (PCC43). The objective of the communication is to provide accountable institutions (AI) with the FIC’s view on compliance with their customer due diligence obligation in terms of Part 1, Chapter 3 of the FIC Act, where the accountable institution requests assistance from another accountable institution […]

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Qualify to become a Compliance Officer – Moonstone offers reduced rates for limited time

Compliance Officers generally provide compliance services to the management of a company, to assist them in discharging their responsibilities in compliance with various regulatory as well as legislative requirements. Moonstone’s Occupational Certificate: Compliance Officer (NQF level 6) equips you with expert theoretical knowledge combined with practical experience to provide such services. Qualified students will be able to conduct Enterprise-wide […]

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Save the date – 2020 Annual Compliance Webinar

The annual webinar, aimed specifically at Financial Services Providers NOT required to appoint a compliance officer, will be hosted on Thursday, 13 February 2020. The session will once again provide insight into frequently asked questions and the practicalities surrounding FAIS and FICA obligations. The registration for the webinar will open next week. Cost to attend […]

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FIC calls for comments – Two new draft PCCs published

1. Draft PCC 102 on Compliance Communication – access for certain supervisory bodies to suspicious and unusual transaction reports The Financial Intelligence Centre (FIC) is calling for comments from supervisory bodies, accountable and reporting institutions on the draft Public Compliance Communication 102 (draft PCC 102). The draft PCC 102 sets out the provisions of the FIC […]

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Robo-advice – Compliance still key

The ability to deliver a consistent level of service across all channels is an increasingly important competitive differentiator for financial services providers. This was one of the outcomes of a recent international study of financial service consumers by Accenture. Besides the consistency, all channels, face to face or online, should also comply with all regulatory […]

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