Lexis Nexis
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Know your customer is a business principle within the Financial Intelligence Centre Act (FICA) that encourages relevant companies to establish and verify the identity of their customers and clients before or during the time they do business. -
Money laundering is one of the most serious financial offences that can be committed under local and international law. -
Know your customer (KYC) is a business principle within the Financial Intelligence Centre Act, 2001 (FICA) that encourages relevant companies to establish and verify the identity of their customers/clients before or during the time they do business.
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Supplier services are essential in helping a business to function and reach its operational objectives. -
Staying up-to-date with what’s being reported about past, current and potential vendors -
Decisions and consequences go hand-in-hand. -
Numerous risk management procedures can be employed in support of an organisation’s best interest. However, few practices are as significant as due diligence. -
Abiding by a host of regulatory requirements is an additional responsibility for businesses, many of which already face immense pressure to increase margins in tough economic times and improve customer satisfaction in competitive environments. -
In South Africa, the onus to perform due diligence procedures is on institutions, not the criminals or the government. -
Tackling business corruption requires more than just a tick-box approach.