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Manual FICA compliance is draining law firms' billable hours – and risking crippling penalties

30 June 2025

For law firms across South Africa, the challenge of FICA compliance is becoming a mounting (and unnecessary) trade-off between the efficient, profitable practice of law and the arduous, often error-prone demands of manual compliance administration.

Stand-out greylisting warnings and predictions at financial crime conference

27 June 2025

During the Financial Crime Conference held in Bryanston this week, one of the key speakers, Adv. Pieter Smit, Acting Director of the FIC, shared that their upcoming Annual Report will show over 7 million FICA reports submitted by businesses, including more than 450,000 reporting suspicious transactions.

The High Price of Non-Compliance: Why South Africa's financial institutions must prioritise regulatory adherence

24 June 2025

The true cost of non-compliance in the financial sector extends far beyond financial penalties, damaging reputations and eroding customer trust.

Looks legit, launders millions: How ordinary clients are becoming extraordinary risks

17 June 2025

When it comes to financial crime, the warning signs are almost always there, but not always spotted in time. In South Africa’s current, tightened regulatory environment, failing to detect red flags early can expose accountable institutions to reputational, operational, and legal fallout that far outweighs the cost of vigilance.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

View the Results