Trending · 200 searches · 14 Sept 2026
FICA Fines
Capitec and Ninety One Assurance have been fined for administrative non-compliance related to the Financial Intelligence Centre Act (FICA).
The fines, totaling R34m, are a result of a crackdown on FICA compliance failures.
Context
Three financial services providers (FSPs) have been sanctioned for failing to comply with FICA regulations, with Capitec and Ninety One Assurance being two of them.
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