by cruxadmin | Sep 20, 2024 | Blog
CompliNEWS | Financial Service Intelligence Watch New tool launched to help small businesses create privacy notices A new, easy-to-use tool has been launched in the UK to assist small businesses and sole traders in creating bespoke privacy notices, ensuring they...
by cruxadmin | Sep 20, 2024 | Blog
CompliNEWS | Financial Service Intelligence Watch Department of Justice warns trustees of harsher penalties for non-compliance with amended Trust Property Control Act The Department of Justice has, in a statement, warned that trustees found guilty of not complying...
by cruxadmin | Sep 20, 2024 | Blog
New 5% beneficial ownership threshold: Key updates and compliance actions under FICA regulations By Compli-Serve The Financial Intelligence Centre (FIC) has introduced important updates in its latest Public Compliance Communication (PCC-59) regarding Ultimate...
by cruxadmin | Sep 20, 2024 | Blog
From CompliNEWS | Financial Service Intelligence Watch Compliance lessons from recent data protection enforcement cases around the world By Compli-Serve The Netherlands’ data protection authority fined Uber EUR 290 million for the unauthorised transfer of European...
by cruxadmin | Aug 11, 2024 | Blog
From CompliNEWS | Financial Service Intelligence Watch The role of an influencer in financial planning By Lee Rossini An influencer is an individual who has the power to affect the decisions of others because of their authority, knowledge, position or relationship...
by cruxadmin | Aug 11, 2024 | Blog
From CompliNEWS | Financial Service Intelligence Watch Navigating South Africa’s Cybercrimes Act In today’s technology-driven world, cybercrimes are increasingly affecting individuals, businesses and governments. Although cybercrime lacks a settled...
by cruxadmin | Aug 11, 2024 | Blog
From CompliNEWS | Financial Service Intelligence Watch Key AML compliance takeaways from SARB’s administrative sanctions on Monarch Compli-Serve The South African Reserve Bank (SARB) imposed administrative sanctions on Monarch Insurance Company Limited (Monarch)...
by cruxadmin | Aug 11, 2024 | Blog
From CompliNEWS | Financial Service Intelligence Watch Bongani Progress Masela v Momentum Insure Company Ltd (debarment set aside by the FST) Financial Services Tribunal (‘FST’ or ‘Tribunal’) The following matter was handed down by the...
by cruxadmin | Aug 11, 2024 | Blog
From CompliNEWS | Financial Service Intelligence Watch Joint Standard on Cybersecurity and Cyber Resilience Requirements for financial institutions, guidance note Compli-Serve The Financial Sector Conduct Authority (FSCA) and the South African Reserve Bank (SARB) have...
by cruxadmin | Aug 10, 2024 | Blog
Lawyers and estate agents have been accused by the Financial Intelligence Centre of holding up SA’s removal from the grey list. Here’s how some of them respond. By Ciaran Ryan Some estate agents have hit back at claims that they are holding up SA’s removal from the...