News

There are many questions regarding the intersection between the Financial Intelligence Centre Act (FICA) and the Protection of Personal Information Act (POPIA). These two Acts may seem contradictory at first, however, upon closer examination, both have comprehensive mechanisms in place to safeguard personal information.

Award nominations close pn 31 October 2023

The GACP is regularly reviewed to ensure that it remains relevant considering any changes in the compliance environment and practices, both locally and internationally. The current GACP was released at the end of 2018. We are pleased to announce that the latest review and revision of the GACP will be launched at the Annual Compliance Awards and Graduation Ceremony on 2 December 2022. For more ...

Denzel Washington said “Show me a successful individual and I’ll show you someone who had real positive influences in his or her life. I don’t care what you do for a living, if you do it well, I’m sure there was someone cheering you on or showing the way. A mentor.”

Blockchain is a system in which a trail of transactions made in Bitcoin or another cryptocurrency are maintained across multiple computers that are linked in a peer-to-peer (P2P) network. It provides a channel to obtain evidence of transactions. Blockchain and other distributed ledger technologies are likely to radically change the financial eco-system as virtual assets become widely available and ...

In the new digital economy, companies are having to evolve and re-invent themselves in order to remain competitive. This has fundamental implications for a company’s products, underlying product delivery capability, and their organizational structure. This in turn has fundamental implications for the skill set of the future compliance officer.

When it comes to understanding the South African retirement system, the first thing members of retirements schemes would acknowledge is the complexity of it all, especially the numerous rules and penalties that apply to early withdrawals. The rules and penalties were implemented with good intentions and were aimed at nudging members to retire with an adequate amount of savings. However, statistics ...

My dad used to tell me that it is about the number on the scoreboard. Right? You can play a hard netball or rugby match and give 120% and still end up with a loss on the scoreboard. The scoreboard is unfair as it is not always an accurate reflection of the effort that was clearly visible on the court or field. This is how I feel about South Africa’s recent addition to the Financial Action Task ...

Ever wondered about conflicts of interest declarations and the Protection of Personal Information Act (POPIA) where Employees have business interests outside the Employer? What is in the best interest of the Employer and its Stakeholders (‘Data Subjects’) as per POPIA? What impact does it have on the Employer, its reputation, and its other Stakeholders?

The world today faces various challenges because of megatrends such as corruption, health crises, climate change, technological progress, etc. It is notoriously difficult to effect change at any level, let alone at a societal level.