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...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.