Accountable institutions must submit RMCPs by 12 March 2025 per FIC’s request. FIC reported low submission rates—act now to avoid penalties.

High-value goods dealers are key in combating money laundering. Recognizing red flags and reporting suspicious transactions helps curb financial crime.

South Africa steps up its fight against money laundering and terrorism financing with new AML and CTF reforms. Explore key legislative updates and efforts to exit the FATF greylist in our latest blog.

South Africa intensifies efforts to exit the FATF grey list by deregistering non-compliant NPOs.

Fraud leads SA financial crime at 26%, highlighting why accountable institutions must enhance customer due diligence, risk assessment, and screening to prevent costly exposure to financial crime.

Explore South Africa's struggle to exit the FATF greylist by January 2025, despite recent AML/CFT improvements. Discover the challenges and initiatives shaping its fight against financial crime.

Client lists can now be exported from ClientScanner.

Employee screening is a vital yet overlooked FIC Act requirement.

FIC's PCC59: Shifting UBO ownership thresholds from 25% to 5% for enhanced risk management.

South Africa's exit from the FATF grey list is hindered by low compliance in key sectors like legal practitioners and estate agents. The FIC urges better cooperation to avoid economic risks.

South Africa is on track to exit the Financial Action Task Force (FATF) greylist by June 2025.

The FIC Act mandates accountable institutions to screen clients and compliance with the FIC Act requires checking all prospective clients and not only South African or only Foreign Clients.

A year after South Africa's greylisting by the FATF, significant improvements have been made to its AML and CFT framework.

Learn about the introduction of bulk uploads for efficient client screening, the tailored risk matrix setup for precise risk assessment.

Discover ClientScanner's latest updates designed to revolutionize your FICA compliance.

FSCA fined Ashburton R16m for FICA breach. This stresses financial rules' importance in trust & integrity. It's a warning of non-compliance's consequences.

FICA Audit Preparation Guide for South African Businesses | Compliance Essentials

Discover Client Scanner's latest feature: Client Risk Rating. Elevate your FICA compliance with our innovative risk matrix framework, seamlessly integrating with our comprehensive compliance tools. St...

Discover the expanded list of accountable institutions as defined by FICA in South Africa for 2023, and learn how these entities are pivotal in the nation's AML and CFT frameworks.

Explore the evolving role of Politically Exposed Persons (PEPs) in South Africa's compliance landscape under FICA and AML regulations.

Explore the critical world of Sanctions Screening and FICA Compliance in South Africa. Learn about the latest software enhancements, ID verification, and how it strengthens financial security while en...