Browsing: financial sector compliance

Regulatory Law

3 Mins Read

Sanlam fined R10.6 million over weak client checks after FSCA uncovers anti-money laundering failures

By Conviction Staff ReporterOctober 14, 20253 Mins Read

Sanlam fined R10.6 million by the FSCA for anti-money laundering failures, with poor client checks and repeat offences raising sector-wide concerns.

► Necessary Cookies Always Active

Necessary cookies enable essential site features like secure log-ins and consent preference adjustments. They do not store personal data.

► Functional Cookies Remark

Functional cookies support features like content sharing on social media, collecting feedback, and enabling third-party tools.

► Analytical Cookies Remark

Analytical cookies track visitor interactions, providing insights on metrics like visitor count, bounce rate, and traffic sources.

► Advertisement Cookies Remark

Advertisement cookies deliver personalized ads based on your previous visits and analyze the effectiveness of ad campaigns.