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POTCHEFSTROOM – A six year employment fraud scheme involving an irregular migrant, who allegedly used a South African national identity to secure employment, has ended with a six year sentence for fraud, following a detailed investigation by the South African Police Service in Brits. The court heard evidence that the 44-year-old suspect, Arlindo Fernando Timane, …
The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with individuals impersonating the authorised financial services provider GatesFX (Pty) Ltd (FSP No. 46087) on online platforms. It has come to the FSCA’s attention that individuals operating under the name GatesFX LTD are purporting to be associated with …
The Freedom Front Plus (VF Plus) is left with more questions than answers after the release of the progress report on the disciplinary process against the Ekurhuleni Metro’s former Chief Information Officer, Moloko Monyepao. The process, which began more than a year ago following serious allegations regarding the mismanagement of information and communication technology (ICT), …
Five fast-growing firms have joined the FCA’s Scale-up Unit, receiving tailored support to help them innovate, navigate regulation and grow sustainably. ClearScore, Modulr, Teya, Urban Jungle and Zilch, spanning payments, consumer finance, credit information and insurtech, are the first firms regulated solely by the FCA to take part. The Scale-up Unit gives firms tailored regulatory …
Millions of car finance customers who may be owed compensation can get help making a complaint for free, as the FCA launches a national advertising campaign. Research by the FCA found that 27% of car finance customers lack confidence to make a complaint without using a claims management company (CMC) or law firm, despite free …
The Consumer Duty was designed to ensure firms were focussed on the outcomes that matter to their customers. Understanding the actual experiences of people and identifying potential harm are essential to delivering these improvements. So outcomes monitoring is at the heart of helping consumers to better navigate their financial lives.Understanding these outcomes is about more …
We are concerned about a number of risks among unregulated lenders, safe custody providers, money brokers and financial leasing companies (Annex 1 firms). Firms including unregulated lenders, safe custody providers, money brokers and financial leasing companies, need to be registered with us for anti-money laundering purposes.If you’re carrying out these activities without being registered, you …
The European Anti-Fraud Office (OLAF) has provided key intelligence that led Lithuanian authorities to uncover and dismantle a large illegal factory producing counterfeit nicotine pouches in Kaunas, Lithuania. CLICK HERE to read this article and more on OLAF. What is OLAF? The European Union budget finances a wide range of programmes and projects which improve …
Firms tell us that complying with our requirements can be a burden. They have to keep up with changes, understand what we expect and embed new practices across multiple systems and teams. All of this takes time and resources.Of course, firms must meet their regulatory responsibilities – but we want to make it as simple …
Generous return policies have earned their place as a reliable growth lever. They reduce purchase hesitation, lift conversion rates and build loyalty that compounds over a customer’s lifetime. Whether the sale happens at a store counter, on a website or through a third-party marketplace, finance teams understand those outcomes well enough to model them directly …
FREE STATE – The Acting Provincial Head of the Directorate for Priority Crime Investigation (Hawks) in the Free State, Brigadier Paulus Mbongo, welcomed the sentencing of two accused involved in a property fraud scheme who defrauded numerous victims of approximately R27 million. Between 2014 and 2025, the accused advertised residential properties for sale, assisted buyers …
POTCHEFSTROOM – The Provincial Commissioner of North West, Lieutenant General Arthur Adams, has welcomed the sentencing of a 37-year-old man, Ofentse Solomon Molemane, who was convicted on multiple counts of fraud by the Rustenburg Specialised Commercial Crimes Court on Monday, 03 August 2026. The court heard that Molemane defrauded the School Governing Body (SGB) of …
Employees at some of the largest hedge funds are picking up the phone and think they are talking to their boss – but they’re not. That’s because hackers have launched a coordinated AI voice clone phishing attack targeting investment banks across the country. The sophisticated attacks, which mimicked key executives’ voices, attempted to trick employees …
Companies will benefit from easier initial public offering (IPO) listings thanks to changes to the rules from the FCA. This will allow the UK listings market to compete more effectively with global markets.The reforms will reduce execution risk for issuers, lower compliance costs and make it easier for companies to access public markets. As part …
The phone call started like a routine fraud alert. American Express, or at least someone claiming to be American Express, told a customer that a second account had been opened in their name. Then came the twist. The new account, the caller said, had been used to buy child exploitation videos. That’s when the shock …
The Upper Tribunal upheld the FCA’s decision to ban Richard Fenech and Heather Dunne from working in financial services. The Tribunal agreed that both acted dishonestly by providing a backdated appointed representative agreement to the FCA.The Tribunal found that Ms Dunne falsely claimed she had given advice to some pension schemes before she had done …
On 30 July 2026, Lucy Beck attended Southwark Crown Court for a hearing in relation to unauthorised promotions on social media. Ms Beck entered a not guilty plea and the date of her trial has been set as 12 June 2028. It is alleged that Ms Beck promoted buying and selling Foreign Exchange Contracts for …
The Upper Tribunal upheld the FCA’s decision to ban Richard Fenech and Heather Dunne from working in financial services. The Tribunal agreed that both acted dishonestly by providing a backdated appointed representative agreement to the FCA. The Tribunal found that Ms Dunne falsely claimed she had given advice to some pension schemes before she had …
On Sunday, 02 August 2026, Hawks members from Port Shepstone Serious Commercial Crime Investigation served summons to a 41-year-old suspect to appear in the Durban Magistrate’s Court on 03 September 2026 for Contravention of the Counterfeit Goods Act. The summons was issued after a container was stopped and inspected by Border police in Durban in …
SIM-swap fraud in Kenya surged 327% in 2025, with more than 123,000 fraudulent SIM cards used to steal an estimated $3.8 million from mobile money accounts, highlighting a sharp rise in cybercrime across East Africa, according to an INTERPOL report. The increase reflects a broader regional trend in which criminals are increasingly targeting mobile money …