FSTC BEE reporting demands deemed unlawful

FSTC BEE reporting demands deemed unlawful

From CompliNEWS | Financial Service Intelligence Watch FSTC BEE reporting demands deemed unlawful In a groundbreaking development for the financial services industry, the Financial Services Transformation Council (FSTC) has admitted that it lacks the legal or...
Strategic planning tools

Strategic planning tools

From CompliNEWS | Financial Service Intelligence Watch Strategic planning tools – By Lee Rossini Planning is a crucial component of success for any small business. A well-thought-out plan can help a business navigate challenges, capitalise on opportunities, and...
FST Debarment considerations

FST Debarment considerations

From CompliNEWS | Financial Service Intelligence Watch Moagi v Clientele: Sales agent induced unemployed customer to buy a product that she could not afford Financial Services Tribunal (‘FST’ or ‘the Tribunal’) The following matter was handed...
Fica Sanction Screening and Customer Due Diligence

Fica Sanction Screening and Customer Due Diligence

From CompliNEWS | Financial Service Intelligence Watch Guidance note: Differences between sanctions screening and customer due diligence (CDD) Sanctions screening and customer due diligence (CDD) are essential elements of compliance with the Financial Intelligence...
Fica Key Learnings

Fica Key Learnings

From CompliNEWS | Financial Service Intelligence Watch Key learnings from Sunlight Financial Services – FICA non-compliance case: A cautionary tale for all accountable institutions The recent Financial Sector Conduct Authority (FSCA) sanction against Sunlight...