Recent administrative sanctions and fines imposed by the South African Reserve Bank (SARB) reveal a concerning trend regarding compliance within South Africa’s financial institutions. In the past year alone, multiple banks and insurers have faced hefty fines for violations of…
As South Africa approaches its upcoming review in January 2025, the nation’s journey off the Financial Action Task Force (FATF) greylist is a significant topic of conversation. Since being greylisted in February 2023, South Africa has made notable strides in…