Discovery Bank’s R3m fine highlights FICA compliance vigilance needed after greylisting
African News Agency | 14.11.2025 16:42
Discovery Bank’s recent penalty of R3 million for serious failures in compliance with the Financial Intelligence Centre Act (FICA) serves as a stark reminder that South African institutions cannot afford to become complacent following the country’s removal from the Financial Action Task Force (FATF) greylist.
