Tag: Combating of the Financing of Terrorism (CFT)
Grey list removal is a milestone, not mission accomplished
After demonstrating significant progress in strengthening the effectiveness of its anti-money-laundering (AML) and counter-financing of terrorism (CFT) measures, South Africa was recently removed from the Financial Action Task Force’s (FATF) grey list.
Large fines show FSCA is focusing on leaving the FATF grey...
Gone are the days of box-ticking. The Financial Sector Conduct Authority (FSCA) has recently imposed administrative sanctions on two financial services providers (FSPs), in each case for failing to comply with certain provisions of the Financial Intelligence Centre Act (FICA).
