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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 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....
UK regulators release proposals for operational resilience
UK regulators have released a shared policy summary on new requirements to strengthen operational resilience in the financial services sector.
