Decoding Financial Crime

📈 RegTech in 2025: Trends to Watch Our CEO, Bradley Elliott, shares insights into six pivotal trends shaping RegTech in 2025. From the rise of AI-powered compliance to the integration of digital assets, the evolution of cloud risk management, and ESG-driven innovation, it's clear that RegTech is set to transform how financial institutions combat financial crime. Read the full article here: https://lnkd.in/dGai56xh

[Media Release] The FSCA has imposed administrative sanctions on Sunlight Financial Services (Pty) Ltd and Tana Africa Capital Managers (Pty) Ltd for failing to comply with certain provisions of the Financial Intelligence Centre Act, No. 38 of 2001 (FIC Act). 

Help us fight crypto scams!  Report any suspicious activity by: 1.     Calling our toll-free line 2.     Emailing us 3.     Or by visiting www.fsca.co.za. Together, we can protect consumers and maintain a fair financial market. #ScamWatch 

Homegrown vs RegTech vendor solutions: Are you making the right decision? https://lnkd.in/deC58WzQ Bradley Elliott, CEO of Anti-Money Laundering (AML) platform RelyComply, discusses how in-house systems, while tailored to specific needs, can be rigid, costly to maintain, and difficult to adapt to changing regulations. In contrast, RegTech solutions offer flexibility, scalability, cost savings, and enhanced security, making them increasingly attractive to financial institutions.

South Africa has made significant strides toward meeting the FATF requirements to exit the grey list, according to the FIC. Out of the 22 action items identified, 16 have been completed, leaving six outstanding areas to address by February 2025. Can we do it? Roy Melnick (CAMS) (CGSS) James Saunders Donovan Byrne - CAMS Nevellan Moodley CA(SA) Dustin Strydom Ashraf Koheil Candice Louis Padayachee - thoughts? Check out the full media release below. https://lnkd.in/df3nasBy                              

Senegal has officially exited the #FATF grey list – congratulations! Could South Africa be next to follow suit? Thoughts?

Industry Survey: Shape the future of AI in finance. Join the FSCA & Prudential Authority's joint survey. Check your email for the survey link today. #FSCAFintech #AISurvey

Want to learn from the man who once laundered over $200 million? For over a decade, Kenneth Rijock lived on the frontlines of financial crime, moving millions of dollars across borders for some of the most notorious cartels of the 1980s. He knew every loophole, every blind spot in the system, and exactly how to exploit them. But what happens when someone like Kenneth changes sides? Today, Kenneth uses his intimate knowledge of financial crime to help compliance officers, governments, and financial institutions stay one step ahead of money launderers. He’s uniquely qualified, not just because he studied the theory, but because he lived it. In our exclusive 3-part webinar series, The Laundryman Speaks, Kenneth will share: 🔍 Advanced and obscure money laundering techniques that you won't hear about in typical compliance courses. 🛡️ How to conduct effective enhanced due diligence to spot red flags early. 💬 Real stories from his time in the criminal underworld, and how these experiences shaped the way he now views financial compliance. Link's in the comments.... #financialcrime #moneylaundering #fraud

Back by Popular Demand: Kenneth Rijock – The Laundry Man 💸 Missed Decoding Financial Crime? Here’s your second chance to learn from Kenneth Rijock, the ex-money launderer turned financial crime expert, in a titc.io exclusive follow-up webinar! Kenneth’s stories left the audience on the edge of their seats at #DFC24, and now he's returning with even deeper insights into the world of financial crime. This is your opportunity to dive further into the shadowy networks of money laundering, fraud, and corruption—and learn how to safeguard your business. Book your ticket now to secure your spot for this unmissable deep dive into the world of financial crime. #AML #FinCrime #Compliance #fintech

👀 The UK’s ‘cost of compliance’ rose 12% last year! This results from spending on sophisticated automation to keep pace with tricky regulations. Those expenses can rise considerably without teams adopting efficient practices to use that tech properly. Unfortunately, costs are a heavy burden for financial services companies beyond reporting high-risk activities, tweaking AML processes, and maintaining a culture of compliance. And the future outlook isn’t looking much brighter. Yet streamlined operations can lower the total cost of ownership by 25% by optimising a digital platform’s entire lifecycle. For more information, check out Oxford Economics’ latest report here: https://lnkd.in/djFeZw99.