SA watchdog warns of more global risks
FSCA needs to be especially vigilant after SA greylisted, says commissioner
29 October 2023 - 06:16
Financial Sector Conduct Authority (FSCA) commissioner Unathi Kamlana says the financial sector watchdog has not hesitated to throw the book at funeral schemes, cryptocurrencies and other financial sectors flouting regulations, warning that the global economic outlook exposes South Africa to more compliance risks.
“We successfully completed over 400 investigations, resulting in 420 licence withdrawals and 984 suspensions," Kamlana said in the FSCA's 2022-23 annual report tabled recently...
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.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.