Warren Wheatley The Financial Sector Conduct Authority (FSCA) has disclosed the conduct behind the debarment of Africa Bitcoin Corporation founder Warren Wheatley and two others: coordinated trading that the regulator found artificially inflated the share price of the company four years ago, when it was still called Altvest Capital. In a statement on Thursday, the…
From left, Warren Wheatley, who has resigned from the board of Africa Bitcoin Corporation, and Stafford Masie, who has been appointed as interim CEO The chief executive of Africa Bitcoin Corporation, the JSE-listed company formerly known as Altvest Capital, has been debarred by the Financial Sector Conduct Authority and has resigned from the board. Warren…
Artificial intelligence deepfakes have become a major financial crime threat. (Image source: iStock) The Financial Sector Conduct Authority (FSCA) is stepping up enforcement against artificial intelligence (AI)-powered financial scams, as deepfakes become one of SA’s fastest-growing regulatory challenges. The regulator’s newly-released Regulatory Actions Report for the 2025/26 financial year identifies online financial harm as one…
A National Scam Centre is a centralised government-led agency that brings together various experts to fight fraud. (Image created via ChatGPT) The Financial Sector Conduct Authority (FSCA) is looking to establish a National Scam Centre in the long-term, as part of developing a more coordinated national approach to tackling the rising rate of sophisticated cyber…
Ntuthuko Shezi, Livestock Wealth founder and CEO. The Financial Sector Conduct Authority (FSCA) says it has concluded its investigation into Livestock Wealth Financial Services (Mother Company) and Livestock Wealth, finding no evidence that the companies conducted unregistered financial business. The FSCA last January warned the public to exercise caution when dealing with Livestock Wealth, following…
