Robust compliance still eludes many firms, warns FIC
Financial Intelligence Centre warns failure to submit a risk management and compliance report constitutes noncompliance with Fica
07 May 2025 - 13:38
UPDATED 07 May 2025 - 16:46
The Financial Intelligence Centre (FIC) says compliance inspections have exposed a “widespread failure” by businesses to develop or implement proper risk management and compliance programmes (RMCPs).
The centre monitors financial transactions for money-laundering or terrorism financing...
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