The beefed-up consequences of non-compliance with the Financial Intelligence Centre Act (FICA) have shown that the era of leniency is well and truly over.
“FICA is not a suggestion – it’s the law and the law is coming for those who fail to meet their obligations.”
These are the views outlined by Sameer Kumandan, Managing Director (MD) of SearchWorks, South Africa’s largest data aggregation platform.
