RMCP enforcement is here, and the consequences are real
Having a Risk Management and Compliance Programme (RMCP) isn’t just a procedural formality - it is a legal requirement under Section 42 of the...
From 25% to 5%: South Africa’s New Ultimate Beneficial Ownership (UBO) Guidance Explained
In the ongoing battle against financial crime, South Africa has taken a significant step forward. The Financial Intelligence Centre (FIC) has recently issued new...
Digging Deeper: Changes to Ultimate Beneficial Ownership (UBO) Guidance
Certain types of legal entities, such as companies, trusts, and partnerships, can be particularly susceptible to misuse by criminals due to their structure or...
It’s All About Forming the Right Coalitions – Part II
And then working towards a common goal…
As Friday drew to a close and President Cyril Ramaphosa was re-elected as the President of South Africa...
It’s All About Forming the Right Coalitions: PART I
And then working towards a common goal…Part I
South Africa’s general elections have ended in an interesting, yet not completely surprising result.
As we all know...
Important FICA & AML Updates: 2023 Round-Up
2023 was a year of significant change within South Africa’s Anti-Money Laundering, Combating the Financing of Terrorism and Counter Proliferation Financing environment. From Cash...
Using accurate forensic intelligence to combat serial and organised crime in South Africa
“When constructing any kind of civil or criminal case against an individual or corporation, it is imperative that all the evidence that is to...
How to FICA a Deceased Estate
This article will explore what a Deceased/Late Estate (Estate) is and what Customer Due Diligence (CDD) documents and disclosures are required from an Accountable...
Everything You Need to Know About Ultimate Beneficial Owners [Part 3]
The aim of this three-part series is to connect the dots between the what, why and how of identifying Ultimate Beneficial Owners (UBO’s). So...
Everything You Need to Know About Ultimate Beneficial Owners [Part 2]
In a previous article, we had a look at what Ultimate Beneficial Owners (UBO’s) are and why they matter. This included discussing why The...
Everything You Need to Know About Ultimate Beneficial Owners
Not sure about the what, why and how of identifying Ultimate Beneficial Owners (UBO’s)? In this three-part series, we will dig a little deeper...
Payment fraud: Steps to take if your business gets scammed
Payment fraud is a nightmare scenario for any business. Irrespective of size, companies face substantial financial and reputational harm resulting from fraudulent activity. Depending...
