Greylisting: firms face fines of up to R50m
New measures to combat money laundering and the financing of terrorist activity have resulted in a tenfold increase in the number of institutions accountable to the FIC
16 April 2023 - 00:03
Banks, realtors and casinos are among the companies that will have to screen employees for competence and integrity or face fines of as much as R50m...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
There’s never been a more important time to support independent media.
From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.
For just R80 you can become a premium member (digital access) and support a publication that has played an important political and social role in South Africa for over a century of Sundays. You can cancel anytime.
Already subscribed? Sign in below.
Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.