by cruxadmin | Dec 6, 2024 | Blog
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...
by cruxadmin | Dec 3, 2024 | Blog
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...
by cruxadmin | Dec 3, 2024 | Blog
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...
by cruxadmin | Dec 3, 2024 | Blog
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...
by cruxadmin | Dec 3, 2024 | Blog
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...
by cruxadmin | Dec 3, 2024 | Blog
by Nettalie Viljoen – Moonstone Information Refinery The FSCA has highlighted key upcoming changes in the retirement industry as the Conduct of Financial Institutions (COFI) Bill moves closer to enactment, including a new provision that will bring employers...
by cruxadmin | Nov 14, 2024 | Blog
From CompliNEWS | Financial Service Intelligence Watch Financial advice as an intangible service By Lee Rossini Giving financial advice is an intangible service – it doesn’t involve a physical product that clients can see, touch or easily quantify. Instead, it...
by cruxadmin | Nov 14, 2024 | Blog
From CompliNEWS | Financial Service Intelligence Watch Law firm’s R7.8m penalty for compliance failures upheld by FIC appeal board The Financial Intelligence Centre (FIC) appeal board recently dismissed an appeal from Kunene Ramapala Incorporated, a law firm...
by cruxadmin | Nov 8, 2024 | Blog
From CompliNEWS | Financial Service Intelligence Watch Restraint of Trade: True North Holdings, Cash Converters and Another v Sky Gecko Software Lab and Another Western Cape High Court Parties: True North Holdings, Cash Converters and Another v Sky Gecko Software Lab...
by cruxadmin | Nov 8, 2024 | Blog
FSCA REVISES THE TIMELINES FOR THE ROLL-OUT OF OMNI-CBR Posted on 7 December 2023 by Moonstone Information Refinery The FSCA this week provided an update on developments with the cross-sectoral Conduct of Business Return (Omni-CBR) planned for financial institutions....
