Brand Identity

Brand Identity

From CompliNEWS | Financial Service Intelligence Watch Building a credible brand identity By Lee Rossini A brand identity is an important factor in the success of a financial advice business; it is essential to be noticed in a competitive environment. Clients are...
Simpler Ombud System

Simpler Ombud System

From CompliNEWS | Financial Service Intelligence Watch Treasury moves on ombud simplification The National Treasury has recommended reforms to the financial ombud system which – if implemented – would result in a simpler, consolidated system with only two instead of...
SARS v Sasfin

SARS v Sasfin

From CompliNEWS | Financial Service Intelligence Watch SARS confirms R5bn Sasfin damages claim Legalbrief today SARS has confirmed it is suing Sasfin Bank for just shy of R5bn – more than half the bank’s balance sheet. A Daily Maverick report says the claim stems from...
SA Financial Hub for ISIS

SA Financial Hub for ISIS

From CompliNEWS | Financial Service Intelligence Watch South Africa identified as key financial hub for ISIS in Central Africa, US Treasury sanctions local entities The Counter Isis Finance Group has issued a warning about South Africa’s significant role in...
South Africa bolsters cybersecurity

South Africa bolsters cybersecurity

From CompliNEWS | Financial Service Intelligence Watch South Africa bolsters cybersecurity/IT governance in financial sector with new Joint Standard In light of escalating cybercrimes, including phishing scams and security breaches targeting banks and financial...
FSCA and B-BBEE Commission

FSCA and B-BBEE Commission

From CompliNEWS | Financial Service Intelligence Watch FSCA and B-BBEE Commission forge a path towards economic transformation with new MoU In a significant move towards fostering economic transformation in South Africa, the Financial Sector Conduct Authority (FSCA)...
Data Breaches

Data Breaches

POPIA Data Breaches The Protection of Personal Information Act 4 of 2013 (“POPIA”) deals with security compromises and provides guidance on when and how to report them. It also provides some guidance on what constitutes a security compromise. Given the broad...
COFI Enhancing TCF

COFI Enhancing TCF

From CompliNEWS | Financial Service Intelligence Watch Enhancing fair customer treatment in financial services: an introduction to COFI Although the COFI Bill currently remains in its second draft, significant alterations to its stance on TCF are not anticipated,...
Seepi v King Price (Non Discossure)

Seepi v King Price (Non Discossure)

From CompliNEWS | Financial Service Intelligence Watch Seepi v King Price Insurance Company (material non-disclosure, Short-term Insurance Act) Gauteng High Court (Pretoria) Parties: Seepi v King Price Insurance Company Judgment Date: 21 December 2023 Key Points:...