Compliance - Regulatory

FSPs under increased scrutiny, grey list or not

South Africa is making meaningful strides towards exiting the Financial Action Task Force (FATF) grey list, with those leading the effort optimistic that the remaining obstacles will soon be overcome. In a presentation to the Financial Sector Conduct Authority (FSCA) Industry Conference 2025, once National Treasury stalwart and now head of the country’s delegation to FATF, Ismail Momoniat, confirmed that, “We are now in the last mile, and we only have two action items to address.”

Security company fails in bid to have PFA determinations set aside

In a victory for long suffering members of the Private Security Sector Provident Fund, the Gauteng High Court dismissed four applications by a security company for the determinations issued by the Pension Funds Adjudicator against it to be set aside.

Budget 2025 - What it means for FICA Compliance and Accountable Institutions

The 2025 Budget Speech held on 12 March 2025, made it clear that financial crime enforcement and compliance are top priorities for the government.

Greying out SA’s Greylisting: The smart technology being built in the era of sophisticated Financial Crime