June 13, 2023

Securing your business’s future: FICA compliance in South Africa made simple

To thrive in South Africa’s ever-changing economic landscape, it is crucial to have a thorough understanding of your regulatory responsibilities, including compliance with the Financial Intelligence Centre Act (FICA). Recognised not just as an additional requirement to your current protocols, but rather as a fundamental component in upholding your business’s integrity, FICA ensures transparency and diligence in your financial operations. One of FICA’s central requirements is appointing a compliance officer responsible for anti-money laundering (AML) and combatting the financing of terrorism (CFT). This individual, formally appointed by senior management or the board of directors, ensures adherence to FICA’s protocols within […]
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