FSCA fines drop, no complex fraud cases
The Financial Sector Conduct Authority (FSCA) announced total fines of nearly R120 million in the past financial year. This figure represents a decline from the previous year, mainly due to the absence of a large-scale fraud case like Steinhoff. The FSCA emphasised its ongoing efforts to enhance market integrity and protect consumers within South Africa's financial sector. In an update on enforcement actions, FSCA Commissioner Unathi Kamlana stated that the […]
