
How FSPs and consumers can fortify against online risks
Nine steps financial services and crypto asset providers can take to curb the deceptive use of their name and branding.
Nine steps financial services and crypto asset providers can take to curb the deceptive use of their name and branding.
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.
Whether clients are long-term holders of crypto or occasional traders, transparency now is better than an audit later.
A revamped licensing schedule and an enhanced Integrated Regulatory Solution platform will form the backbone of COFI-aligned supervision.
Financial institutions that proactively embed governance, technology, and culture to meet evolving regulatory standards will not only avoid penalties but also strengthen credibility, build resilience, and drive long term value.
The FSCA and the FIC remind CASPs and FSP CASPs of the compliance requirements that take effect on 30 April.
The report outlines the CASP sector’s vulnerabilities and provides guidance on how enhanced compliance and improved risk management can help to safeguard the industry.
Unathi Kamlana says the Authority will support the integration of advanced technologies and strengthen frameworks for consumer protection, cyber resilience, and financial inclusion.
Of the 420 CASP licence applications received, nine were declined, while 106 applications were voluntarily withdrawn.
Starting 30 April 2025, CASPs and FSPs will have to collect and share detailed client information when engaging in crypto transfers.
The Authority gives crypto asset service providers a seven-month reprieve.
Following widespread challenges with its e-portal, the FSCA has re-opened submissions for its Directive to Provide Information.
As the regulatory framework develops, many questions remain – particularly around whether all tokens, from fungible coins to unique NFTs, will be regulated the same way.
Among other measures, SARS says it is engaging with the FSCA about providing information on registered crypto asset service providers.
The Financial Intelligence Centre’s sector final risk assessment report for crypto asset service providers is set to be published in the new financial year.
One of the entity’s Facebook posts says it can turn R1 700 into R120 000.
FAIS Notice 25 of 2023 exempts crypto asset FSPs and KIs from the regulatory examination requirements for 18 months.
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