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Why weak IDV could cost FICA-accountable firms millions
Onboarding a new customer might look like routine business, but for compliance officers it has become one of the most scrutinised moments in the...
How South Africa’s Twin Peaks reform raises the stakes
South Africa haemorrhages an estimated R100bn every year to financial crime, yet the very institutions charged with stopping it continue to work in isolation....
Hidden AML risks in South Africa’s informal gambling sector
While responsible gambling messaging floods sports broadcasts and social media feeds, South Africa's sprawling informal gambling market continues to operate largely unchecked.
According to RelyComply,...
Why blanket de-risking threatens financial inclusion
In financial compliance, missing genuine risks can bring serious consequences—but the overzealous approach of blanket de-risking is creating a different kind of crisis.
Rather than...
South Africa’s property market faces AML wake-up call
Luxury property across Africa has long been a magnet for illicit financial activity. From offshore residences used for tax evasion to the seizure of...
Key compliance changes in South Africa’s AML/CTF Amendment Bill for 2025
In December 2024, the South African Treasury published the draft AML and CTF Amendment Bill, which is now open for public comment.
