- FAIS AND DOFA Checks - iFacts (Pty) Ltd
FAIS (The Financial Advisory and Intermediary Services) AND DOFA (Date of First Appointment) In South Africa, financial customers were given protection with the introduction of the Financial Sector Regulation Act of 2017 (FSR Act), which ensures customers are treated fairly by financial institutions In line with this, the Financial Sector Contact Authority (FSCA) was created and aims to
- FAIS FIT AND PROPER: WHAT IT MEANS FOR EMPLOYEES EMPLOYERS IN A . . .
In the fast-paced world of financial services, trust and professionalism are everything As a financial adviser or representative, your reputation hinges on your competence, honesty, and ongoing commitment to learning This is where the FAIS (Financial Advisory and Intermediary Services) Fit and Proper requirements come into play, setting the standard for all professionals in the industry At
- BACKGROUND CHECKS BEFORE AND DURING EMPLOYMENT? HERE’S WHY THEY’RE . . .
Ongoing Checks: Why They Matter Continued Risk Mitigation Employee screening should not end once the hiring process is complete Regular background checks help organisations monitor changes during employment, such as criminal incidents or significant lifestyle changes that could affect job performance or team dynamics Adaptation to Changing Roles As employees advance within a company, their
- Employee Firearms: Do You Trust Your Employees To Safely Use Their Firearm?
According to the SAPS Crime Statistics Third Quarter of 2024-2025 Financial year report, the top spot for Illegal possession of firearms and ammunition increased by 70% and 33 3% in the second spot South Africa has one of the highest murder rates globally, with firearms used in more than 40% of homicides, says SaferSpaces and in 2023, there were 13 7 gun deaths per 100,000 people in South
- FIC Act Employee Screening Regulations - iFacts (Pty) Ltd
Discover how the Financial Intelligence Centre Act (FIC Act) and its new laws and regulations impact employee screening procedures
- When Conducting A Pre Employment Credit Check On A Job Candidate, What . . .
A strong credit record benefits individuals by unlocking better financial products such as home loans, credit cards, and insurance premiums Conversely, a poor credit record can hinder access to these opportunities, demonstrating why many employers may opt to conduct credit checks during their hiring processes
- Lifestyle Audits: More Than a Criminal Check
In recent years, South Africa has witnessed numerous high-profile corruption cases that underscore the need for more comprehensive checks in the fight against crime and misconduct Many of these cases reveal how individuals involved in corruption, fraud, or other illicit activities often appear to lead seemingly ordinary lives, making it challenging for organisations or authorities to
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