Christopher Malan News Today

Financial crimes watchdog, the Financial Intelligence Centre, wants to intensify the monitoring of cryptocurrencies.

Penalties are on the way for delinquent companies that do not report to the Financial Intelligence Centre.

SA’s removal from the Financial Act Task Force (FATF) grey list is in jeopardy due to non-compliance with reporting requirements.

The Financial Intelligence Centre has sounded the alarm that thousands of businesses under its supervision have flouted the watchdog’s requirement to file a risk and compliance return, forcing it to impose sanctions.

The Financial Intelligence Centre and the Law Society of South Africa met this week to focus on enhancing compliance of legal practitioners in terms of the Financial Intelligence Centre Act.

The Financial Intelligence Centre (FIC) has established a forensic unit to help the government fight corruption and prosecute complex financial crimes, part of an effort to have...

The FIC said work to establish the SFC unit will begin immediately, with a small core team focusing on increasing capacity.

The Financial Intelligence Centre has established a forensic unit to help the government fight corruption and prosecute complex financial crimes.

An extended stay on the list may damage investor sentiment toward South Africa, leading to capital and currency outflows.

The watchdog charged with blocking abuse of the financial system has seen its responsibilities burgeon since SA was greylisted