DocFox Africa

Our FICA FAQs webinar is back by popular demand! Do you have burning questions about FICA compliance? Now’s your chance to get them answered by our compliance experts in a live Q&A session! Whether you’re grappling with customer due diligence, navigating risk ratings, or trying to understand the latest FICA requirements, this webinar is your opportunity to get the clarity you need. Submit your questions ahead of time, and our experts will address them during the session. Register for this exclusive session today. #FICA #CDD #Webinar

Do you have a question about FICA? Get it answered by our compliance experts! Join our webinar where our compliance experts will cover the most critical FICA FAQs for Accountable Institutions including: - FIC Inspections - Understanding the requirements of the Financial Intelligence Centre Act (FICA) - Latest UBO update - Consequences of non-compliance with the FIC Act Register now - https://lnkd.in/dM__CNxF #FICA #Compliance #AML #Webinar

🎥 Welcome to episode 3 of our FICA Compliance Obligations Series! In this episode, we’ll cover the critical step of appointing a Compliance Officer for your business. Key takeaways: ▶️ A compliance officer can't be outsourced. ▶️ Senior management or board of directors must formally appoint a Compliance Officer via an appointment letter or board resolution. ▶️ The Compliance Officer must be an internal team member with the experience and authority to oversee your FICA compliance processes. Watch the full episode now and make sure your business is on track! #FICACompliance #ComplianceOfficer #AML #FIC 👉 Subscribe for more episodes in our FICA Compliance series. https://lnkd.in/d_h4D7c5

In this week's FICA FAQ Friday, we dive into South Africa's recent update on Ultimate Beneficial Ownership (UBO). The FIC has lowered the controlling ownership threshold from 25% to just 5%, marking a pivotal change in the fight against financial crime. Learn more about the update in our video below! https://lnkd.in/dZjrQzjy #FICAFAQ #FICACompliance #AskTheExperts #UltimateBeneficialOwners #FICA

🎥 Welcome to episode 2 of our FICA Compliance Obligations Series! In this episode, we’re diving into the first essential step for Accountable Institutions: Registering with the Financial Intelligence Centre (FIC). We’ll guide you through: - How to register using the goAML online system on the FIC website. - What you’ll need to complete your registration. - The importance of your Organisational ID number and how to use it as your official reference with the FIC. Registration is free, quick, and crucial to ensuring your business meets its FICA obligations. Don't miss out on this important step! #FICACompliance #GOAML #AccountableInstitutions #FIC #AML 👉 Subscribe for more episodes in our FICA Compliance series https://lnkd.in/d6sXfxVc

What a journey! 💼 We’ve officially wrapped up the 2024 #LegalTechTalk series. A huge thank you to everyone who joined us in Cape Town yesterday! The events brought together brilliant minds across South Africa, sharing insights, ideas, and innovation. We hope all attendees found the discussions insightful and are as excited about the future of legal tech as we are. Brought to you by: AJS Software, DocFox Africa, e4 Strategic., Legal Serve (Pty) Ltd. Special thanks to our sponsors: nQ Zebraworks, Currency Partners, and Shackleton #LegalTechTalk2024 #Innovation #TechInLaw #FutureReadyLawFirms #LegalTech

Got a FICA related question? We've got the answer! 🧐 Introducing FICA FAQ Friday—your go-to spot for all things FICA compliance. Every week, we’ll select one question submitted by you and provide a detailed answer to help you stay on top of FICA. How it works: 📥 Submit your FICA question using the link below. 📅 Each Friday, we’ll answer one of your questions in our post! It’s your chance to get expert advice—don’t miss out! 👇 https://lnkd.in/degXFZfw #FICA #FAQ #Compliance #AskTheExperts

Are you a High-Value Goods Dealer but unsure about your obligations under the FIC Act? Don’t know where to start? Download our comprehensive handbook that breaks down the FIC Act and its impact on HVGDs. Get the guidance you need to stay compliant today! Download Now - https://lnkd.in/gsREquFP #FICAct #Compliance #HVGDs #StayCompliant

🎥 Welcome to the first episode of our FICA Compliance Obligations Series! We kick off the series by looking at what is FICA and who are Accountable Institutions (AIs)? Money laundering isn't just a “big-ticket” crime seen in movies—it happens every day, with criminals finding new ways to exploit businesses. From using attorney trust accounts to purchasing luxury items, Accountable Institutions (AIs) are prime targets. But what are AIs and why are they crucial in fighting financial crime? 💼 In this video, we break down the role of FICA and why complying with these regulations is essential. Learn about the industries at high risk for money laundering and what happens if your business fails to meet its FICA obligations. Stay tuned for this series, where we dive deeper into FICA compliance, keeping your business safe and compliant. 👉 Watch now, like, and subscribe to stay updated - https://lnkd.in/dGMNMKSF #FICA #AccountableInstitutions #AML #FinancialCrime #MoneyLaundering

🚨 It’s that time of year again! The FIC’s 2023/24 annual report is packed with key updates on South Africa’s progress toward its financial crime-fighting goals. From the UBO threshold shift to penalties under Directives 6 & 7, we’ve summarised the top updates from the report in our latest article. Read the key takeaways here - https://lnkd.in/dVrWt_a4 #FICUpdate #Compliance #FICA #UBO #Directive7