Compliance - Regulatory

SAIA Bulletin - August 2021

FSCA warns the public against Fairtree Capital WhatsApp Group

The Financial Sector Conduct Authority (FSCA) would like to warn the public to act with caution when dealing with a WhatsApp group which is using the name Fairtree Capital. The individuals behind the WhatsApp group are not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act), to render any financial advice and intermediary services.

Compli-Serve SA launches unique Anti-Money Laundering (AML) Information Service

Compli-Serve SA, an independent specialist provider of advisory and operational compliance services to the financial services sector, has just launched its AML Information Service, a comprehensive information-only service that helps to manage risks, carry out Customer Due Diligence and stay up-to-date on AML compliance.

Beneficiaries receive R47.58 billion from life insurers after more than a million policyholders die in 12 month period

Death claims statistics released today by the Association for Savings and Investment South Africa (ASISA) show that 1 023 083 policyholders died between 1 April 2020 and 31 March 2021. The statistics reflect claims made against individual life, group life (offered by employers), credit life and funeral cover policies.