Compliance - Regulatory

FSCA welcomes sentencing of Gerrit Abraham Coetzee

The Financial Sector Conduct Authority welcomes the seven years prison sentence handed down to Mr Gerrit Abraham Coetzee on Friday, 12 November 2020, for defrauding his financial services clients.

Cheques will no longer be used in the national payment system

Pension Fund ordered to pay for costs of DNA test, if it requires one

A pension fund has been slated by the Deputy Pension Funds Adjudicator for not including a deceased member’s life partner and child in the distribution of the deceased’s death benefit.

Information station

Every organisation must have one. All public bodies, private bodies such as companies, CCs, partnerships, and trusts. Everybody has to have an Information Officer (IO) by law.