42 results found

Due to ongoing nationwide strikes and protests across Madagascar, including significant disruptions in Antananarivo, our operations are currently impacted.

Media outlets have recently reported that South Africa's Minister of Police, Bheki Cele, has published draft regulations for training in South Africa's private security industry, including minimum standards that will need to be followed.

To address the beneficial-ownership information deficiencies identified by the Financial Action Task Force in its Mutual Evaluation Report adopted in 2021, the General Laws (Anti-Money Laundering...

On 19 May 2023 FIC issued a reminder to accountable institutions to comply with their obligations under Directive 6 of 2023 which requires designated non-financial businesses and professions listed in Schedule 1 ...

*Coronavirus (COVID-19) regulatory measures...

In response to its 2023 "grey listing" by the Financial Action Task Force, the enactment of The General Laws Amendment Act 22 of 2022 marks an important shift in South Africa's approach to combating these nefarious financial activities.

Employees who are responsible for interacting with clients will be able to determine whether a prospective client intends to conclude a single transaction or enter a new business relationship with the firm.

The Financial Intelligence Centre has published, and requested comments on, a consultation document relating to amendments to the FICA Regulations.

​​​On 19 December 2024, the National Treasury published the Draft General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill, 2024 (Draft Bill) for public comment.

On 30 November 2022, the Minister of Finance added new accountable institutions to the Financial Intelligence Centre Act ("FICA")...

The Financial Action Task Force (FATF) issued South Africa's Third Enhanced Follow-Up Report and Technical Compliance Re-Rating in respect of its measures to tackle money laundering and terrorist financing on 5 November.

In February 2023, two of Africa's largest economies, South Africa, and Nigeria, were placed on the Financial Action Task Force's* (FATF) Grey List, indicating strategic deficiencies in anti-money laundering...

​​In line with South Africa's attempts to get off the Financial Action Task Force's (FATF) greylist, the Financial Intelligence Centre (FIC) issued the Revised Guidance Note 7A (revised GN 7A) on 1 September 2025.

The Information Regulator has released a guidance note outlining exemptions where companies or individuals processing personal information ("responsible persons")...

On 25 August 2023, the Minister of Justice and Correctional Services published the Regulation of Interception of Communications and Provision of Communication-related Information Amendment Bill 2023 (the "Bill").

On 22 and 23 December 2022, President Ramaphosa signed two key pieces of legislation into law – the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act, 2022...

South Africa has introduced a new reporting obligation for trustees to keep up-to-date records of the beneficial ownership of trusts and to submit that information...