April 2022 Legislative Update There’s a lot coming out from the Financial Intelligence Centre (FIC) at the moment. It has even roped in the Prudential Authority (PA) and the Financial Sector Conduct Authority (the FSCA) to resolve issues in that poor report from the Financial Action Task Force (FATF). Let’s hope it’s effective. The delay…
March 2022 Legislative Update There’s a lot of compliance planning and preparation underway for the financial services industry at the moment. We’ve summarised this months’ most important issues. South African regulation of crypto assets As long ago as January 2019, the South African financial services regulators (i.e. the Financial Sector Conduct Authority, South Africa Revenue Services…
February 2022 Legislative Update As we marvelled at the date pattern on 22 02 2022 (better at 20:22 that evening) some of those more community minded were contemplating the life and message of the late Archbishop Emeritus Desmond Tutu. Let’s hope peaceful and reasonable voices like his will be heard in the unfolding Russia-Ukraine conflict.…
January 2022 Legislative Update Welcome back after what we hope was a good break and time to recharge. This year is likely to have many changes to the legislative frameworks of the financial services industry. We’ll keep you up to date and guide you through them. All the best for the year ahead. THE FINANCIAL…
November/December 2021 Legislative Update December: “At last!” or “Already?”– it all depends on your perspective. However you feel about the end of the year, it’s definitely a time to slow down a little and reflect on the year that’s passed. We hope you travel safely or stay safe at home, and if you’re allowed onto…
As another month in lockdown rolls along, we’re just adding our voice to the cacophony of people reminding everyone to get their COVID-19 vaccinations. Every reputable report we have read says that a rapid and extensive vaccination programme is the best defence against another wave and further crippling of our economy. Don’t delay – get…
The rule of law in South Africa seems a bit ‘fair-weather’ at the moment, and you’d be forgiven for feeling a bit despondent. The endless calls to be ‘part of the solution’ are also wearing a bit thin. Nonetheless, we believe that the key is to maintain the legal and ethical standards that you have…
On 1 September it will be two years since we officially launched Omega Compliance Solutions with the aim to create a trusted compliance practice that provides the financial services industry with simple solutions to their compliance requirements. To our “old” clients we thank you for your ongoing support, and to our new clients we thank…
July 2021 Legislative Update We trust by now that many of you have had your first vaccine ‘jab’, or are even finished the process. It seems that the 35-49 cohort understand the science and are keen to get “normal life” back on track as soon as possible because they showed the highest and fastest vaccine…
June 2021 Legislative Update Can you believe that 11 years ago we were all huddled together in the cold watching the 2010 Soccer World Cup! Not so at the moment as we need to be socially distanced. As South Africa slowly rolls out its vaccination programme, we hold out hope that we’ll get back to…