Brokerage ordered to pay client R300k+ after insurer rejects claim
Ombud says the insured was not told she needed to install a tracking device in her vehicle.
Source: moneyweb.co.za
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The blizzard of cases swamping the FSCA
481 new investigations were launched over the last year, while 406 were concluded.
Van Deventer Gerhard Van Deventer Renault Kay Financial Services Tribunal Viceroy Research Group Intermediary Services Fais
Source: moneyweb.co.za
The snowstorm of instances overloading the FSCA
481 brand-new examinations were released over the in 2015, while 406 were wrapped up. By Ciaran Ryan 19
Renault Kay Van Deventer Gerhard Van Deventer Intermediary Services Fais Financial Sector Conduct Authority Viceroy Research Group
Source: graziadaily.co.za
Tread carefully on crypto purchases
SA citizens should continue to approach crypto assets cautiously.
South Africa Bo Li International Monetary Fund Financial Action Task Force International Settlements Centre Act Fica
Source: moneyweb.co.za
Tips to avoid being scammed when investing in cryptocurrency
Fais Ombud issues advice to consumers after experiencing a slight increase in cryptocurrency-related investment complaints.
John Simpson Fais Ombud Thuso Ngwagwe Office Of The Fais Ombud Financial Sector Conduct Authority Intermediary Services Fais Ombud
Source: moneyweb.co.za
Fais Ombud now able to take on crypto asset complaints
Following the classification of crypto assets as a financial product.
Source: moneyweb.co.za
Preparing for challenges of cryptocurrency and crime
Without the resources required for modern policing, criminals will continue to exploit investigative weaknesses and cryptocurrency.
Source: dailymaverick.co.za
Rising number of funeral policy providers operating outside the law
Fais Ombuds latest annual report also highlights the total reliance by some FSPs on risk-profiling questionnaires, to clients detriment.
Nonku Tshombe John Simpson Fais Ombud Office Of The Fais Ombud Financial Services Providers Financial Services Providers Fais
Source: moneyweb.co.za
There's a new sense of optimism from regulators regarding crypto
Customers now have a degree of protection: the Fais Ombud has jurisdiction to hear crypto-related complaints up to an R800 000 monetary cap.
South Africa South African Fais Ombud African Reserve Bank African Revenue Service Sars Financial Sector Conduct Authority
Source: moneyweb.co.za
Regulations mean cryptos 'can now go mainstream'
Described as a watershed moment for cryptos in SA, industry leaders say it will allow for mass adoption, including from institutional players, while making it easier to snuff out scams.
Source: moneyweb.co.za