Lexis Nexis
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In Nedbank Limited v Houtbosplaas (Pty) Ltd and Another [2022] 3 All SA 361 (SCA), whether Nedbank was entitled, under FICA, to certified copies of the trust deeds of four trusts, which were not customers of Nedbank. -
In the past 20 years, threats and incidents of terrorism have grabbed global headlines and urged nations to step up laws against not only the act but also the financing of terrorist activities. -
Small businesses are as much at risk of financial crimes, such as money laundering, tax evasion, and terrorist financing activities, as their larger counterparts. -
Financial crimes harm South Africans in many ways but fundamentally, they contribute to the depletion of funds and resources that should be put towards the country's development. -
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. -
Paying by electronic funds transfer (EFT) is so convenient for running one’s home or business -
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. -
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.