Compliance - Regulatory / Financial Sector Conduct Authority (FSCA) (was FSB)

FSCA warns the public against Feel Good Holdings (Pty) Ltd

The Financial Sector Conduct Authority (FSCA) warns the public against doing any financial business with Feel Good Holdings (Pty) Ltd.

FSCA warns the public against Sanele Forex Ngwenya Ngwenya

Invitation for public comments on a draft Conduct Standard for banks

The FSCA has published for comment a draft Conduct Standard for banks, which outlines the proposed regulatory approach to market conduct in the sector. The standard has been published in terms of section 106(2) (b) of the Financial Sector Regulation Act, 2017 (FSR Act), and relates to banks, mutual banks, and co-operative banks.

FSCA update on David Wilmot and Nava Shore Holdings Ltd

The FSCA welcomes the Port Elizabeth Specialized Commercial Crimes Court’s conviction of David Wilmot for money laundering and contravening both the FAIS Act and Exchange Control Regulations. This case stemmed from an FSCA investigation which was later handed over to the South African Police Service (SAPS).