Tag: South Africa

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...

Customer due diligence (CDD) in South Africa has grown from a basic know your customer (KYC) exercise into one of the most demanding parts...

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...

Tallinn-based RegTech provider Instarc has secured €1.25m in strategic investment to accelerate the commercial rollout of its cloud-native compliance platform in South Africa, targeting...

Insurance houses across South Africa are pouring money into anti-financial crime tools, yet heavy spending alone is not solving the problem. Effectiveness, particularly at...

South Africa haemorrhages an estimated R100bn every year to financial crime, yet the very institutions charged with stopping it continue to work in isolation....

Absa Group, has significantly strengthened its fraud prevention capabilities and debt collection performance through a partnership with analytics software company FICO. The bank deployed FICO's...

RelyComply and PPS have announced a partnership to support more efficient onboarding and compliance processes. PPS helps professionals across South Africa access tailored insurance, medical...

Financial crime is placing an enormous strain on economies worldwide, but the burden is far from evenly distributed. The latest Napier AI/AML Index, which...

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,...