The ‘travel rule’ means CASPs and FSPs cannot initiate a crypto asset transfer unless they can transmit prescribed information.
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In the battle against fraud, Sameer Kumandan, managing director of SearchWorks, a data aggregation platform, underscores the pivotal role of robust Know Your Customer (KYC) and Know Your Business (KYB) checks.
There has been an increase in complaints about deceptive practices wherein fraudsters employ the details of celebrities to persuade individuals to invest.
Legitimate fund managers do not promise to double your money in 24 hours.
A report on global email security projects a staggering $8 trillion cost due to cybercrime. Amid these escalating threats, an unexpected factor emerges: human error.
FSCA issues a spate of warnings about scammers impersonating authorised FSPs and offering unrealistic returns.
Scammers operating on social media are defrauding people by claiming they can issue certificates for the FSCA’s regulatory exams. At least two of these scammers claim to work at Moonstone’s Sandton’s exam venue. […]
An article in Businesstech warns vehicle owners against two new schemes devised by fraudsters to steal your vehicle. The Insurance Crime Bureau (ICB) has recently issued a vehicle recall scam alert following a […]
An article in Businesstech warns vehicle owners against two new schemes devised by fraudsters to steal your vehicle. The Insurance Crime Bureau (ICB) has recently issued a vehicle recall scam alert following a […]
In a recent press release the Financial Sector Conduct Authority (FSCA) notes its concern with the increasing volume of crypto assets (cryptos) related losses suffered by financial consumers in the past months and […]
As part of the FSCA’s Consumer Education Departments’ mandate to provide guidance to consumers in order to make better financial choices and to live a financially successful life, regular articles are published on […]
