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Digital blindspots: how fincrime thrives in SA

South Africa has tightened Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations since the Financial Action Task Force (FATF) greylisting in 2023, but financial crime (fincrime) remains prevalent. By Bradley Elliott, CEO of RelyComply  While some money...

Lagging banks could get caught by Travel Rule complexities

As regulators in South Africa and across the continent move to enforce the Travel Rule, local banks are lagging on implementing the requirements and, if they don’t move quickly, they could face severe, but unnecessary consequences. The rapid evolution of digital...

Navigating POPIA in a digitally borderless world

In South Africa, the Protection of Personal Information Act (POPIA) is reshaping how organisations handle personal data, both locally and across borders. By Ryan Boyes, governance, risk and compliance officer at Galix For businesses operating internationally, the...

Transforming SA’s business sector goes beyond law and regulation

Businesses need to continually review their progress and reset their goals to accommodate the multiple dynamics of their organisation. One of the areas that needs diligent attention is diversity, equity and inclusion (DE&I) policy and practice, writes Taelo...

Why we need accurate B-BBEE certification

The Broad-based Black Economic Empowerment (B-BBEE) commission, founded to investigate and deal with fronting, fraud, and other B-BBEE transgressions, this week commented on the nearly 100 cases that it had received since April this year. Commissioner Zodwa Ntuli has...

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Anti-corruption measures welcomed

It is expected that 2016 will see a change in the way government spends public money – particularly wasteful expenditure as a result of fraud, corruption and mismanagement. Aligned with government’s goal of saving R25 billion per year by 2018/2019, one of the most...

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