Compliance - Regulatory

Money laundering, terror financing under spotlight with South Africa review

A panel of experts from the International Monetary Fund (IMF), the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) and the Financial Action Task Force (FATF) is due to test the effectiveness of South Africa’s legislative and institutional capability to detect and combat money laundering and terrorist financing.

South Africa implements targeted financial sanctions

South Africa’s measures for combating the financing of the proliferation of weapons of mass destruction and related acts have been enhanced with the launch of the list containing particulars of persons and entities identified for targeted financial sanctions (TFS).

Ombud says insurer must be less rigid and orders pay out of claims

FSCA’s update on the Steinhoff Investigation

The Financial Sector Conduct Authority (FSCA) issued a notice to Steinhoff, last week during the parliamentary hearings, to provide the authority with the forensic report prepared by PricewaterhouseCoopers (PwC).