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…
