FICA Amendments May Require Changes to Internal Processes
Amendments to the Financial Intelligence Centre Act (FICA) have been signed into law, although the effective date on which they become operative has not yet been proclaimed. Some of the key amendments include: Some of the amendments may require changes to internal business processes and operations. What are the compliance obligations for accountable institutions? For […]
Environmental Social Governance (ESG): Benefits of Implementing an Effective Environmental Management System (EMS)
Implementing an Energy Management System (EMS) offers numerous advantages that enhance operational efficiency and sustainability. Key benefits include: Real-World Examples of EMS Benefits These cases demonstrate the tangible benefits of EMS implementation, including cost savings, enhanced energy efficiency, and support for sustainability objectives. Key Components of an Energy Management System (EMS) A well-implemented energy Management […]
Technologies Improving ESG Compliance
What is the role of AI in ESG? # The process of developing and implementing an ESG strategy is incredibly data-driven. In fact, data is the most vital element in ESG decisions, as it acts as a compass for investors, ESG practitioners, and other business stakeholders. However, analyzing it manually is a complex and time-consuming […]
Mobile Applications Development Consulting
Mobile Applications Development Applications Services | Applications Development Expert Help in Challenging Situations Morningside Consulting and Training Group (MCTG Consulting) will help you make value-driven decisions regarding your mobile app(s): market positioning, architecture, functionality, development process, audit, budget planning. Click contact details below to share your needs and get a quote. Mobile app development consulting […]
FICA Amendments May Require Changes to Internal Processes
Amendments to the Financial Intelligence Centre Act (FICA) have been signed into law, although the effective date on which they become operative has not yet been proclaimed. Some of the key amendments include: Some of the amendments may require changes to internal business processes and operations. What are the compliance obligations for accountable institutions? For […]
ESG Consulting Services
ESG Consulting: The role our ESG team can optimize organizations’ compliance with regulatory standards Our Environmental, Social and Governance (ESG) consultants play a critical role in helping organizations integrate sustainable and socially responsible practices into their operations, decision-making and reporting. ESG consultants provide strategic advice, develop frameworks, and ensure compliance with evolving regulatory standards related […]
Financial Intelligence Centre Act – Amendment
FICA was adopted in 2001 and has since been amended a number of times to ensure that South Africa’s Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) regulatory regime is in line with international standards as set out by the Financial Action Task Force (FATF) and reflects South Africa’s continued commitment to combating […]
Should anyone be registered as a High-Value Goods Dealer in terms of the Financial Intelligence Centre?
What is a High-Value Goods Dealer? A High-Value Goods Dealer is any person (natural/juristic) that carries on the business of selling or trading singular items, known as High-Value Goods, for R100 000.00 or more. If you or your Company fall within this definition, you are considered to be an Accountable Institution and Financial Intelligence Centre Act […]
Consequences of non-compliance with the Financial Intelligence Centre Act for all Accountable Institutions
The Financial Intelligence Centre (FIC) is the statutory body administering this legislative framework. This information applies to the institutions included on Schedule 1 of the Financial Intelligence Centre Act, 2001 (Act 38 of 2001). What are the accountable institutions? Accountable institutions include banks, law firms, estate agencies, financial services providers, motor vehicle dealerships, investment and […]
Auditing Services
At Morningside Consulting and Training Group we have invested substantially to develop a disciplined, standardized methodology to drive udit quality and objectivity. Our professionals are trained in the same methodology, ensuring the consistently high standards our stakeholders can expect of our team. To privately-owned companies we offer the services of trusted business advisors – dedicated […]
