Connect with us

Hi, what are you looking for?

News Watch

Many more businesses must now be FICA compliant or risk massive fines

Many more businesses must now be FICA compliant or risk massive fines
Many more businesses must now be FICA compliant or risk massive fines

The Financial Intelligence Centre Act (FICA) has been amended to include many more businesses under the scope of so-called “accountable institutions”. This means these businesses must comply with laws aimed at curbing illegal activity or face the risk of massive penalties. 

You May Also Like

Datanamix News

Facial biometrics and the fight against injection attacks  Facial biometrics are no longer a futuristic nice-to-have; they’re now a frontline defence against fraud. Yet...

Datanamix News

Affordable comprehensive Identity Verification API – South Africa  Businesses across South Africa need to verify who they are dealing with quickly and accurately. An identity verification API...

Datanamix News

Face verification with ISO/IEC 30107-3: Standards, PAD, and attack resistance   Face verification isn’t just another feature in your Identity Verification (IDV) stack; it’s a...

Datanamix News

When it comes to preventing digital fraud, many businesses are still using tools built for a different era. Passwords, photos, OTPs, they’re easy to...

Datanamix News

Beyond box-ticking: Turning POPIA and FICA compliance into customer trust  Compliance is often seen as an obligation, a tick-box exercise that businesses must endure...

Datanamix News

Credit vetting and collections in South Africa can be a nightmare when your tools don’t talk to each other. If you’re still toggling between...

Datanamix News

When you’re processing thousands, or even millions, of customer records, speed without structure is a liability. Most financial services providers and insurers depend on...

Datanamix News

For many South African businesses, identity verification has meant one thing: the Department of Home Affairs (DHA). But when systems go down, API calls...

Datanamix News

What is the global standard for identity proofing?  Identity proofing has become the backbone of secure digital transactions. Whether you’re onboarding a new customer,...

Datanamix News

3D and 2D face matching are two of the most talked-about identity verification technologies on the market, but understanding the difference could be the...

Copyright © 2023 - Datanamix
Disclaimer: The information in this BLOG is provided for general informational purposes only and is the opinion of the author only. No information contained in this blog should be construed as legal advice from pbVerify or the individual author, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this blog should act or refrain from acting on the basis of any information included in, or accessible through, this blog without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue.