Tag: AML

South Africa completed its Financial Action Task Force (FATF) action plan and left the grey list in October 2025. The more telling test now is whether the systems built under pressure remain effective when no deadline forces the issue. For businesses, that makes compliance less of a regulatory exercise. Instead, it forms part of the infrastructure required to grow with confidence.

Compliance has traditionally been associated with paperwork, manual checks and the challenge of proving that the right processes were followed. However, regulatory scrutiny continues to increase. Accountable institutions also face greater expectations around customer due diligence. This raises a more practical question: how can compliance become easier to manage, evidence, and maintain?

Digital and mobile-first banking has changed our lives for the better. However, it has exposed consumers and institutions to increasingly complex financial crime threats. Digital banking fraud now represents one of the fastest-growing risk categories in South Africa.