Companies Amendment Act

Companies Amendment Act

From CompliNEWS | Financial Service Intelligence Watch Controversy surrounds proposed access to private company financial statements and director pay disclosures in Companies Amendment Bill Objections to proposals in the Companies Amendment Bill that would allow...
Bitcoin will likely be permanent part of asset landscape

Bitcoin will likely be permanent part of asset landscape

From CompliNEWS | Financial Service Intelligence Watch Legalbrief Forensic Estimates of new capital coming into Bitcoin during 2024 range from $500bn to $1trn, which would double its market cap, at the very least, writes University of Johannesburg professor, Steven...
Complaints lodged against BHI Trust date back six years

Complaints lodged against BHI Trust date back six years

From Moonstone Monitor by Mark Bechard and Nettalie Viljoen While the Specialised Commercial Crime Unit remains mum on the progress of its official investigation into Craig Warriner, the threads of the web that was BHI Trust are slowly starting to unravel as more...
Data protection safeguarding your information

Data protection safeguarding your information

From CompliNEWS | Financial Service Intelligence Watch Returning to fundamentals: locating and safeguarding your data ENSafrica As the hybrid world of remote and in-person working has been normalised, some businesses are hosting events and conferences using 3D and...
Representative Recruitment Processes

Representative Recruitment Processes

From CompliNEWS | Financial Service Intelligence Watch Finding the right fit: key considerations for FSPs when hiring a representative Compli-Serve Financial Service Providers (FSPs) often face the challenge of hiring the right Representative. Imagine believing...
Fica Sanctions Key Takeaways

Fica Sanctions Key Takeaways

From CompliNEWS | Financial Service Intelligence Watch Key takeaways for South African firms regarding sanctions in light of FICA Compli-Serve The Financial Intelligence Centre Act (FICA) in South Africa, while primarily aimed at combating money laundering and...
FSCA Levy 2023-2024

FSCA Levy 2023-2024

From CompliNEWS | Financial Service Intelligence Watch FSCA Levy Assessment for 2023/2024: Urgent Compliance needed by 20 September for Category II/IIA Financial Institutions Financial institutions are being alerted to an impending regulatory requirement. The...
B-BEE Reporting – 13 October

B-BEE Reporting – 13 October

Attention to all entities in the financial sector: The Financial Services Transformation Council (FSTC) has recently issued Reporting Notice 1 of 2023. This notice is particularly crucial as it pertains to the submission of Broad-Based Black Economic Empowerment...
Draft Ombud Council Rules

Draft Ombud Council Rules

The Ombud Council has released draft rules for the Financial Advisory and Intermediary Services Ombud (FAIS Ombud) and is inviting public comments until October 16, 2023. The draft rules propose several key changes, such as increasing the maximum compensation the FAIS...
Cyber Crime Surge

Cyber Crime Surge

From CompliNEWS | Financial Service Intelligence Watch South Africa faces surge in cybercrime, surpassing ‘Nigerian Prince’ scams South Africa is on the brink of becoming the cybercrime hub of Africa, with cybercrimes escalating at an alarming rate,...