Regulatory Alerts2022-02-22
Added · Updated
Securities Sector Risk Assessment Report April 2018 to December 2020
The Financial Sector Conduct Authority of South Africa issued this report to evaluate Money Laundering, Terrorist Financing, and Proliferation Financing risks across Authorised Users and Over-the-Counter Derivatives Providers for April 2018 to December 2020. The assessment assigns a MEDIUM overall risk rating to both sectors, primarily driven by moderate vulnerabilities in client structures, foreign jurisdictions, cash intensity, and non-face-to-face services. Regulated entities must apply these findings to refine compliance controls, update entity-level risk assessments, and strengthen suspicious transaction reporting to mitigate financial losses and reputational damage.
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