मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
FSCA fines Sanlam unit R10.6 million for anti-money laundering failures
The Mercury
|October 14, 2025
SOUTH Africa's financial regulator has imposed a R10.6 million fine on Sanlam Collective Investments (SCI) for failing to meet anti-money laundering obligations under the Financial Intelligence Centre Act (FIC Act), it said on Monday.
The Financial Sector Conduct Authority (FSCA) said the sanction follows an inspection in March 2024 which uncovered serious compliance failures, including ineffective implementation of SCI’s risk management and compliance programme (RMCP), inadequate due diligence on clients, and deficiencies in identifying and reporting suspicious transactions.
SCI, a unit of financial services giant Sanlam Ltd and a registered manager of collective investment schemes, is classified as an “accountable institution” under the FIC Act, which mandates measures to prevent money laundering and the financing of terrorism.
यह कहानी The Mercury के October 14, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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