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Why launderers see life insurance as South Africa’s soft target
Banks have long carried the heaviest anti-money laundering (AML) burden, but regulators are increasingly turning their attention to life insurers. Handling large premiums over...
FICA pressure turns CDD into a make-or-break test
Customer due diligence (CDD) in South Africa has grown from a basic know your customer (KYC) exercise into one of the most demanding parts...
Why an AML fine is only the start of the real...
Regulatory fines dominate the headlines, but for South African institutions caught out by AML failures, the printed penalty is only the opening chapter.
According to...
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....
Why regulators now demand enterprise-wide risk assessments
There is a fundamental shift is under way in how regulators view financial crime risk assessments.
Where once they focused primarily on customer onboarding, screening,...
Turning AML into Africa’s FinTech advantage
Africa’s FinTech sector has built a reputation for innovation under pressure. In markets defined by mobile-first adoption and a strong push for financial inclusion,...
Why digital banking scams in South Africa are rising
South Africans are facing a wave of sophisticated online scams, fuelled by the widespread availability of personal data across digital channels.
Fraudsters now understand...
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...
