{"id":8869,"date":"2024-02-28T15:41:14","date_gmt":"2024-02-28T13:41:14","guid":{"rendered":"https:\/\/datanamixdev.wpengine.com\/media\/?p=8869"},"modified":"2024-02-28T15:46:03","modified_gmt":"2024-02-28T13:46:03","slug":"fsca-slaps-fund-manager-with-r16-million-fine","status":"publish","type":"post","link":"https:\/\/www.datanamix.com\/media\/2024\/02\/28\/fsca-slaps-fund-manager-with-r16-million-fine\/","title":{"rendered":"FSCA slaps fund manager with R16 million fine"},"content":{"rendered":"\n

The Financial Sector Conduct Authority (FSCA) has fined Ashburton Fund Managers R16 million for failing to comply with certain provisions of the Financial Intelligence Centre Act.<\/p>\n\n\n\n

According to the FSCA, the fines were imposed because Ashburton developed a \u201cdefective\u201d risk management and compliance (RMCP) programme for anti-money laundering and counter-terrorism financing.<\/p>\n\n\n\n

\n
Read More<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Financial Sector Conduct Authority (FSCA) has fined Ashburton Fund Managers R16 million for failing to comply with certain provisions of the Financial Intelligence Centre Act. According to the FSCA, the fines were imposed because Ashburton developed a \u201cdefective\u201d risk management and compliance (RMCP) programme for anti-money laundering and counter-terrorism financing.<\/p>\n","protected":false},"author":18,"featured_media":8870,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[138],"tags":[155,96,101,154,156],"class_list":["post-8869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-watch","tag-ashburton","tag-datanamix","tag-fica","tag-fsca","tag-watchdog"],"yoast_head":"\nFSCA slaps fund manager with R16 million fine - Datanamix - News and Blog Media<\/title>\n<meta name=\"description\" content=\"The FSCA has fined Ashburton Fund Managers R16 million for failing to comply with certain provisions of the FIC Act.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.datanamix.com\/media\/2024\/02\/28\/fsca-slaps-fund-manager-with-r16-million-fine\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FSCA slaps fund manager with R16 million fine\" \/>\n<meta property=\"og:description\" content=\"The FSCA has fined Ashburton Fund Managers R16 million for failing to comply with certain provisions of the FIC Act.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.datanamix.com\/media\/2024\/02\/28\/fsca-slaps-fund-manager-with-r16-million-fine\/\" \/>\n<meta property=\"og:site_name\" content=\"Datanamix - 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