Regulatory Alerts2023-01-13
FSP 2189 Robin Asset Management CC Administrative Sanction Notice
The Financial Sector Conduct Authority issued an Administrative Sanction Notice to Robin Asset Management CC for failing to update its registration details on the goAML platform as mandated by Directive 04/2016. The regulator imposed a R10,000 financial penalty and a caution against repeating the breach, citing over six years of non-compliance and the firm's failure to respond to prior demand letters. Robin Asset Management must settle the penalty by 21 December 2022 to avoid court enforcement, while retaining a thirty-day window to lodge an appeal.
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