10/30/2024
In February 2023, the FATF greylisted South Africa due to inadequate measures against money laundering, terrorist financing, and proliferation financing.
10/24/2024
The approval of the NUIB Regulation in the country arose from the need to create more efficient mechanisms to guarantee security in financial transactions, adapting to technological developments and new market demands.
10/22/2024
The sector therefore plays a critical role in South Africa’s efforts to combat financial crime, including money laundering, terrorist financing, and proliferation financing (ML, TF, and PF).
10/16/2024
The World Bank’s report further highlights that demand for dollars, driven by financial institutions, non-financial end-users, and money managers, has exacerbated the pressure on the naira.
10/14/2024
Oloworaran, specifically commended staff for their dedication to service excellence, and being part of the important transformation in the country’s pension landscape.
10/11/2024
The PA regulates banks, insurers, cooperative financial institutions, financial conglomerates and other specific market infrastructures.
10/11/2024
Insurance Fund for advanced services at larger hospitals, and the Emergency, Chronic and Critical Illness Fund to cover emergency and long-term treatments.