SARB Enforcement Action: Nedbank gets 35 million ZAR fine
Links: Enforcement Notice
Two life insurers fined by South African Reserve Bank
17 September 2021 South African Reserve Bank imposes administrative sanctions in terms of the Financial Intelligence Centre Act 38 of 2001, as amended The South African Reserve Bank (SARB) has imposed administrative sanctions on two life insurers and directed them to take remedial action. The SARB found weaknesses in each […]
South Africa Reserve Bank fines China Construction Bank for AML failures
Press Statement Friday, 02 February 2018 SARB imposes administrative sanctions on China Construction Bank The South African Reserve Bank (SARB) has imposed administrative sanctions on China Construction Bank Corporation – Johannesburg Branch (CCB) for non-compliance with the Financial Intelligence Centre Act 38 of 2001, as amended (FIC Act) and has […]
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