South Africa has a new law to govern the expropriation (or compulsory acquisition) of private property by government for ...

The bank was fined due to non-compliance with some Finance Intelligence Centre Act (FICA provisions). Sanctions imposed by South African Reserve Bank Following inspections of the bank in 2021 and ...

Changes have been made to the Fica Regulations Act - how will they ... Why was the list expanded? South Africa recently landed on the Financial Action Task Force’s (FATF) greylist because ...

Contraventions include the failure to conduct due diligence and not timeously reporting several suspicious transactions.

The South African Reserve Bank (SARB) said in a statement on Friday that the Prudential Authority (PA) had imposed a R13 ...

The Reserve Bank's Prudential Authority announced it has imposed administrative sanctions on Standard Bank and fined it R13m ...

The Prudential Authority has fined Standard Bank R13 million for significant breaches of the Financial Intelligence Centre ...

South Africa Says Its Expropriation Act Is Not Exceptional After Trump Says He Will Cut off Aid JOHANNESBURG (Reuters) - South Africa's foreign ministry said on Monday that its expropriation act ...

Capitec Bank, SA’s fastest-growing JSE-listed bank, has been hit with a hefty financial penalty of R56.25 million by the South African ... of the Financial Intelligence Centre Act 38 of 2001 ...

Besides setting out in quite a detailed fashion how expropriations are to take place, the act also provides an outline regarding how compensation is to be determined. In South Africa's colonial ...