Author: Navigate Admin

Are you ready for the Two-Pot Retirement System South Africa?

Are you ready for the Two-Pot Retirement System, South Africa? The Two-Pot retirement system is a new reform in South Africa set to take effect on 1 September 2024. It’s designed to help improve retirement outcomes by allowing retirement fund members to make partial withdrawals from their retirement funds before retirement, while also ensuring a portion […]

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Failure to prevent corruption now a criminal offence in terms of PRECCA

Failure to prevent corruption now a criminal offence in terms of PRECCA. The Judicial Matters Amendment Act of 2023 was accented on the 3rd of April 2024. The amendment Act creates a new offense under the Prevention and Combatting of Corrupt Activities Act (PRECCA), 2004 (Act No. 12 of 2004). This offense targets members of […]

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7 Key Principles for Treating Vulnerable Customers Fairly

7 Key Principles for Treating Vulnerable Customers Fairly In today’s society, it is imperative that businesses prioritize the fair treatment of all customers, especially those who are more vulnerable due to their personal circumstances or characteristics. Treating vulnerable customers fairly is not just an ethical obligation but also a legal requirement in many jurisdictions. In […]

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5 Key Compliance Considerations in Mergers and Acquisitions

Mergers and Acquisitions: The Importance of Compliance In the fast-paced world of business, mergers and acquisitions (M&A) have become a common strategy for companies looking to expand, increase market share, or gain a competitive edge. M&A activities involve the consolidation of two or more companies through various transactions such as mergers, acquisitions, takeovers, or joint […]

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Art of Screening Employees

The Art of Screening Employees for a Safer and Stronger Workforce 👤Screening employees is crucial for organizations to ensure the integrity, trustworthiness, and suitability of individuals before they are hired or given access to sensitive information or critical responsibilities. Here’s why vetting employees should form part of your risk management process: 👉 Hiring individuals with […]

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FIC Compliance Returns

FIC Compliance Returns – South Africa The Compliance Return is a comprehensive report that provides the Financial Intelligence Centre (FIC) with information about the institution’s financial transactions and activities. What are FIC Compliance Returns? Accountable institutions in South Africa are required to register and file risk and compliance returns with the Financial Intelligence Centre. These […]

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10 Key Compliance Officer Challenges and Solutions

10 Key Compliance Officer Challenges and Solutions In today’s rapidly evolving regulatory landscape, compliance officers play a vital role in ensuring that organizations adhere to laws, regulations, and industry standards. The compliance function serves as a critical safeguard against legal and reputational risks. However, this role comes with its fair share of challenges.  Compliance officers […]

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7 Steps for Compliance Officers to Build Effective Relationships

7 Steps for Compliance Officers to Build Effective Relationships As compliance officers, building strong relationships with stakeholders is an integral part of effectively managing compliance within organizations. These relationships foster trust, enhance communication, and lead to a culture of compliance.  Effective relationship building is a key competency for compliance officers. By establishing rapport with management, […]

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The Art of Effective Relationship Building

The Art of Effective Relationship Building

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Combatting Ransomware Financing

Combatting Ransomware Financing  In recent years, ransomware attacks have emerged as a significant threat to organizations of all sizes, from small businesses to large corporations. These malicious attacks involve hackers encrypting a victim’s data and demanding a ransom payment in exchange for restoring access. While the technical aspects of ransomware attacks receive much attention, the […]

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