Crime does not take a holiday: Avoid being scammed this festive season
The Financial Intelligence Centre’s 2024/25 annual report highlights how the country’s financial intelligence unit delivered on its mandate, achieved a clean audit, and contributed towards bringing South Africa closer to being de-listed as a jurisdiction under increased monitoring, commonly known as being ‘grey listed’.
Safeguarding South Africa’s economy: Highlights from the FIC 2024/25 Annual Report
The Financial Intelligence Centre’s 2024/25 annual report highlights how the country’s financial intelligence unit delivered on its mandate, achieved a clean audit, and contributed towards bringing South Africa closer to being de-listed as a jurisdiction under increased monitoring, commonly known as being ‘grey listed’.
Motor vehicle dealers face financial crime risks in the trade of high-value goods
Motor vehicle dealers are key players in South Africa’s economy but are also susceptible to money laundering, terrorism financing, and proliferation financing abuse. As movable goods, motor vehicles can be used by criminals to launder illicit funds.
Estate agents and their targeted financial sanctions obligations
The investment in property provides a stable, high-value and secure asset, which makes this sector particularly vulnerable to money laundering and terrorist financing (ML and TF).
Drafting a risk management and compliance programme
Legal practitioners, including certain advocates, are reminded to register with the Financial Intelligence Centre (FIC) and play their part in combating money laundering, terrorist financing and proliferation financing in South Africa.
How accountable institutions can help fight financial crime by reporting to the FIC
All businesses have a role to play in combating money laundering, terrorist financing and proliferation financing in South Africa by ensuring their services are not knowingly or unwittingly exploited by criminals.
Designated advocates reminded to register with the FIC
Legal practitioners, including certain advocates, are reminded to register with the Financial Intelligence Centre (FIC) and play their part in combating money laundering, terrorist financing and proliferation financing in South Africa.