Fraud Alert
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The members of the Provincial Commercial Crimes Unit have arrested a 26-year-old female suspect in connection with an alleged fraud case involving more than five hundred thousand rand (R500,000.00) at a milling company in the Mokopane policing area. On 11 August 2025, the owner of the milling company received a phone call from a customer …
Mr Thabo Thobeli (59) pleaded guilty to 49 charges of fraud on behalf of his company Botsho Botle CC, and 50 counts of money laundering on himself. Between April 2020 and December 2020, the accused served as a director of an entity known as Botsho Botle CC. The company submitted fraudulent Covid-19 Temporary Employment Relief …
On 1 June 2026, Prosper Capital LLP (Prosper) went into creditors’ voluntary liquidation. Jeremy Karr and Simon Killick of BTG Begbies Traynor (Central) LLP were appointed as joint liquidators. Prosper, an FCA-authorised firm (firm reference number (FRN): 453007), was an alternative investment fund manager and arranged deals in investments. Prosper has applied to cancel its …
On Monday 6 July 2026, Eldens Finance Limited (Eldens) was placed into administration. Antony Batty and Hugh Jesseman of Antony Batty & Company Ltd were appointed as Joint Administrators. Eldens provided pawnbroking loans, primarily secured against high-value and luxury assets.The Joint Administrators are responsible for winding down the firm in an orderly way in the …
Speech by Sarah Pritchard, deputy chief executive, at a Breakfast Briefing at The Whitehall & Industry Group. As everyone who has wrestled with a problem knows, getting to the right answer is about more than just understanding the question.It’s about having a firm grasp on your constants.We’re working with 2. And they are, admittedly, significant. …
The insurance broker has agreed to stop carrying out any regulated activity. This means it can’t provide any services on behalf of an insurer. From 9 July 2026, the insurance broker Anthony Jones (UK) Limited (AJL) agreed to stop carrying out any regulated activity.This means that AJL cannot provide any services on behalf of an …
The FCA, Advertising Standards Authority, Solicitors Regulation Authority and Information Commissioner’s Office are tackling the poor handling of motor finance claims by some claims companies and law firms. As part of the joint taskforce’s continued crackdown, in June the FCA had 170 misleading car finance claims adverts removed or amended by claims management companies (CMCs), …
Older people are being left out of decisions about how artificial intelligence is being built. Many older adults are highly skilled, curious about emerging technologies and keen to learn about AI; they’re interested in its potential for our society. However, research shows that many employers still assume older employees are less tech-savvy. Consequently, older adults …
Financial and other interests declared by the Director, Non-Executive Directors and other board members, including details of any recusals. CLICK HERE to read the article on SFO. What is the SFO? The Serious Fraud Office (SFO) is a specialist prosecuting authority tackling the top level of serious or complex fraud, bribery and corruption. We are …
The SFO Annual Report and Accounts for 2025-26 have been laid before Parliament today. CLICK HERE to read the article on SFO. What is the SFO? The Serious Fraud Office (SFO) is a specialist prosecuting authority tackling the top level of serious or complex fraud, bribery and corruption. We are part of the UK criminal …
The FCA has proposed a package of reforms that would tailor requirements proportionately for asset managers, cut costs for firms and give better data to supervise the sector more effectively. A large share of the £128m-a-year savings are expected to come from simpler Fund Reporting for Asset Management Entities (FRAME) requirements. These would be tailored …
The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with an individual purporting to be associated with Rowan Capital (Pty) Ltd, an authorised financial service provider, with FSP number 46000 (Rowan Capital). The FSCA received information that there is an individual impersonating Rowan Capitals on WhatsApp. The …
The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with persons impersonating authorised financial services provider, Orion Broking Solutions (Pty) Ltd, FSP number 27667. It has come to the FSCA’s attention that individuals operating under the name Orion Broking, are purporting to be associated with Orion Broking …
The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with individual(s) using the name of Mr David Aserkoff (Mr Aserkoff), whilst claiming to be a representative of JP Morgan Chase Bank, Johannesburg Branch (JP Morgan) with FSP number 7795. It has come to the FSCA’s attention that …
By Sameer Kumandan, Managing Director at SW360 SW360 says organisations must balance seamless digital customer experiences with stronger, intelligence-led identity verification to prevent increasingly sophisticated AI-enabled fraud. There is no question that customer expectations have changed. Today, people expect to open a bank account in minutes, secure insurance online, sign property documents digitally or register …
79% of South Africans ranked inflation among their top three household financial concerns, up from 74% a year ago Financial optimism fell to 66% from 71% in Q2 2025, while 39% expect to miss at least one current bill or loan repayment 92% view access to credit as important, but only 36% plan to apply …
The FCA Board has appointed Dan Lavender as a new member of its Regulatory Decisions Committee (RDC). The RDC is responsible for taking certain regulatory decisions on behalf of the FCA relating to contested enforcement action. Committee members bring a broad range of professional experience to support fair, independent and evidence-based decision-making.Alison Potter, the Chair …
Kitboga – the nicest scam-baiter in the world – is back at it. Last week, during his live “Hunting AI Scammers” show, he manipulated a scammer’s own artificial intelligence bot into confessing what it was built to do. The scam bot picked up his call as an agent named Cindy who worked for the “processing …
The FCA has appointed members to its advisory committee on secondary markets for the period July 2026 to July 2028. The committee will increase from 25 to 27 members. The Secondary Markets Advisory Committee supports the FCA’s work in wholesale secondary markets in equities, fixed income, foreign exchange, and commodities markets across securities, futures, swaps, …
The European Anti-Fraud Office (OLAF), with the endorsement of the European Commission, has decided, to second Ms Salla Saastamoinen to the University of Helsinki, Finland, effective 16 September 2026. 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 …