Tag: FSCA
South Africa’s CDD bar rises after FATF greylist exit
Customer due diligence (CDD) has grown from a simple know your customer (KYC) exercise into one of the most demanding parts of the anti-money...
The hidden price of AML failure goes far beyond fines
Regulatory heat is intensifying across South Africa's financial sector, and headline-grabbing AML fines are only part of the story. A multi-million-rand penalty makes for...
Can COFI end South Africa’s siloed compliance crisis?
South Africa loses an estimated R100bn a year to financial crime, yet the institutions meant to stop it still work in silos. Organised crime...
Financial crime risk assessments: The new regulatory standard
Regulatory scrutiny of financial crime risk assessments has intensified dramatically in recent years, marking the end of an era in which these documents were...
Why South Africans face rising digital fraud threats
South Africans are increasingly exposed to digital crime as their personal information circulates more freely across the internet.
According to RelyComply, fraudsters know exactly which...
The hidden cost of de-risking in banking
Banks and financial institutions are increasingly facing scrutiny for blanket de-risking — a practice designed to mitigate exposure to financial crime but which often...
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