CPD Reminder

CPD Reminder

FSCA CONTINUOUS PROFESSIONAL DEVELOPMENT and COMPETENCY REGISTERS 31 MAY 2024 The purpose of this Communication is to provide guidance to FSPs, key individuals and representatives regarding compliance with the continuous professional development (“CPD”) requirements...
BEE Reporting 2024

BEE Reporting 2024

B—BEE REGULATORY REPORTING The B-BBEE Reports for the 2022/2023 measurement period in accordance with Section 10 (4) of the B-BBEE Act 53 of 2003 and Statement FS 000, Paragraph 8.4 of the Financial Sector Code (FS Code) requires for each entity conducting business in...
Navigating Data Protection

Navigating Data Protection

From CompliNEWS | Financial Service Intelligence Watch Navigating the data protection terrain in Africa: Legislation, compliance, and optimal practices ENS has released a webinar that explores the vibrant landscape of data protection laws across Africa. Its panel of...
Key Compliance Lessons

Key Compliance Lessons

From CompliNEWS | Financial Service Intelligence Watch Key lessons for compliance officers: Veracity Markets and Nirvesh Financial Services sanctions Compli-Serve For compliance officers, the sanctions issued by the Financial Sector Conduct Authority (FSCA) against...
FSCA Withdraws Licenses

FSCA Withdraws Licenses

From CompliNEWS | Financial Service Intelligence Watch FSCA announces withdrawal of 55 licences in major FAIS Act enforcement In a significant regulatory action, the Financial Sector Conduct Authority (FSCA) has withdrawn the licences of several financial service...
FSCA suspends multiple FSP licenses

FSCA suspends multiple FSP licenses

From CompliNEWS | Financial Service Intelligence Watch FSCA enforces suspension on multiple FSPs for regulatory breaches The Financial Sector Conduct Authority (FSCA) has announced the suspension of licences for several financial service providers under the Financial...
FSCA Approves Crypto Licenses

FSCA Approves Crypto Licenses

From CompliNEWS | Financial Service Intelligence Watch South Africa pioneers crypto regulation by issuing 59 new licences Compli-Serve South Africa has made a significant leap in cryptocurrency regulation by granting licences to 59 crypto enterprises, showcasing its...
Fica Compliance Guidance Note

Fica Compliance Guidance Note

FICA COMPLIANCE GUIDANCE NOTE IN TERMS OF THE OF THE FINANCIAL INTELLIGENCE CENTRE ACT (THE FIC ACT) Businesses that do not develop and implement an effective risk management and compliance programme (RMCP) are particularly vulnerable to financial crime, such as money...
Debarment Case FSCA v Shuping (Key Lessons)

Debarment Case FSCA v Shuping (Key Lessons)

From CompliNEWS | Financial Service Intelligence Watch Shuping and Shuping Brokers CC v FSCA (Debarment set-aside; lessons to be learned) Financial Services Tribunal (‘FST’) or (‘Tribunal’) The following matter was handed down by the Financial...
CPD May 2024

CPD May 2024

FSCA CONTINUOUS PROFESSIONAL DEVELOPMENT and COMPETENCY REGISITERS The purpose of this Communication is to provide guidance to FSPs, key individuals and representatives regarding compliance with the continuous professional development (“CPD”) requirements set out in...