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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...

Preparing for PCI DSS compliance

Any organisation that processes credit card transactions is required to comply with the Payment Card Industry Data Security Standard (PCI DSS), says Simeon Tassev, director and QSA at Galix. This global standard was developed to ensure the payment card processes and all payment card data are secure throughout a transaction. Compliance requirements differ depending on the size of the organisation as well as their role in the process, however, one mistake many enterprises make is in believing that the compliance process is a simple task that takes at most a few weeks.

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