Friday, September 20, 2024
Lesetja Kganyago Governor at South African Reserve Bank | Official Website

South African Reserve Bank imposes sanctions on Monarch Insurance for non-compliance

The South African Reserve Bank (SARB) has imposed administrative sanctions on Monarch Insurance Company Limited (Monarch) due to its non-compliance with the provisions of the Financial Intelligence Centre Act 38 of 2001 (FIC Act), following a FIC Act inspection conducted in 2022.

Central Banks

See All