FIC Act | Bizcommunity

FIC Act | Bizcommunity

News

Regulatory updates and industry news - February 2026

Financial Services

Regulatory updates and industry news - February 2026

Issued by Ambledown 16 Feb 2026

Source: Supplied. Sameer Kumandan: MD SearchWorks.

Fintech

Crypto clampdown: South Africa's Directive 9 raises the bar for compliance

Sameer Kumandan 14 Mar 2025

Source: LinkedIn.

Banking

Capitec's R56m brush with Sarb

Katja Hamilton 27 Dec 2024

SA invites public feedback on new anti-money laundering bill

Legislation & Regulation

SA invites public feedback on new anti-money laundering bill

24 Dec 2024

Image source: Tima Miroshnichenko from

Corporate & Commercial Law

All adds up: Considerations and calculations behind eye-watering admin penalties

Kent Davis and Anél De Meyer 31 Oct 2024

Finance

South Africa faces ‘perfect storm’ of financial crime, ready to ‘fight back’

5 Jul 2024

Accountable institutions can rely on AfriGIS to verify client addresses anywhere and everywhere

Finance

Accountable institutions can rely on AfriGIS to verify client addresses anywhere and everywhere

Issued by AfriGIS 15 May 2023

Taxation & Regulation

Financial Intelligence Centre recovers R5bn in criminal assets

7 Nov 2022

Source: Supplied.

Banking

Nedbank blames delayed legislative process for its R35m SA Reserve Bank fine

15 Aug 2022

Image source: Wolfgang Zwanzger –

Corporate & Commercial Law

Nedbank slapped with R35m administrative sanction

15 Aug 2022

Source: Supplied.

Insurance & Actuarial

The non-life insurance industry not included within the FIC Act

19 Jul 2022

SIU granted order to freeze bank accounts of Digital Vibes

Criminal Law

SIU granted order to freeze bank accounts of Digital Vibes

24 Jun 2021

Preservation order granted in Gauteng R431m classroom decontamination tender

Criminal Law

Preservation order granted in Gauteng R431m classroom decontamination tender

28 May 2021

Taxation & Regulation

Corruption blitz highlights importance of KYC, FIC

Craig Hills 1 Dec 2020

Fintech

And so it begins: Steps towards crypto asset regulation in South Africa

Caryn Leclercq 30 Jun 2020

Money laundering risks in a global pandemic

Criminal Law

Money laundering risks in a global pandemic

Marelise Van Der Westhuizen and Sabeeha Kathrada-Khan 15 May 2020

Bank of Baroda slapped with R400k fine

Banking

Bank of Baroda slapped with R400k fine

7 Aug 2019

Sasfin Bank sanctioned for non-compliance

Banking

Sasfin Bank sanctioned for non-compliance

1 Aug 2019

Image source: Getty/Gallo

Banking

Errant foreign exchange traders sanctioned

3 Apr 2019

Prudential Authority imposes sanctions on HSBC Bank

Banking

Prudential Authority imposes sanctions on HSBC Bank

12 Nov 2018

Fica: Being an accountable institution and following client due diligence

Corporate & Commercial Law

Fica: Being an accountable institution and following client due diligence

Hondo Swartz 9 Feb 2018

SARB imposes administrative sanctions on China Construction Bank

Corporate & Commercial Law

SARB imposes administrative sanctions on China Construction Bank

5 Feb 2018

Finance Minister amends money laundering regulations

Legislation & Regulation

Finance Minister amends money laundering regulations

4 Oct 2017

Photo by Mason Jones via Unsplash

Dealers

Pressure is on for South African motor dealers

28 Jul 2017

Finance Minister gazettes provisions of FICA Act

Legislation & Regulation

Finance Minister gazettes provisions of FICA Act

14 Jun 2017

Gordhan: Moyane's SARS not reliable

Taxation & Regulation

Gordhan: Moyane's SARS not reliable

9 Jan 2017

Corruption Watch to lay charges against Tom Moyane

Criminal Law

Corruption Watch to lay charges against Tom Moyane

Genevieve Quintal 26 Oct 2016

SA law societies sign MoUs with Financial Intelligence Centre

Finance

SA law societies sign MoUs with Financial Intelligence Centre

29 Jul 2013