by cruxadmin | Nov 30, 2021 | Blog
With December 2021 now upon us and everyone planning their rest and relaxation, it’s a worthy chance to catch our breath, celebrate and appreciate the year that has been. As with the past years, 2021 has been challenging for most South Africans! Yet, we seem to...
by cruxadmin | Oct 17, 2021 | Blog
Here are some of the key findings as contained in South Africa’s Mutual Evaluation Report released by the Financial Action Task Force (FATF) on Thursday last week. The following was taken from Extract from the 240-page report: a. The main domestic money...
by cruxadmin | Oct 17, 2021 | Blog
The FSCA is in the process of implementing an Integrated Regulatory System (IRS). This system will enable it to integrate all regulatory and supervisory information held on FSPs, and provide a medium of displaying the profile data of institutions through the...
by cruxadmin | Oct 15, 2021 | Blog
A delve into the FSCA Annual Report According to some analysis from Moonstone, levies from the financial services sector contributed R837 million (2020: R827m) to the FSCA’s revenue of R927m (R926m) in the year to the end of March 2021, according to the authority’s...
by cruxadmin | Sep 23, 2021 | Blog
[Compli-Serve] The overall responsibility for money-laundering prevention lies with senior management and controllers of an institution. The Money Laundering Reporting Officer (MLRO) is responsible for the oversight of the institution’s anti-money laundering...
