Services
At Infinitus, we provide comprehensive, hands-on compliance solutions tailored to small and medium-sized Financial Services Providers (FSPs) in South Africa. Our approach is built on precision, integrity and a deep understanding of the regulatory landscape. We don’t just help you meet compliance requirements—we integrate them seamlessly into your business, ensuring you operate with confidence and clarity.
Establishment of a compliance framework
Establishing a compliance function is a critical component of the business’s risk management framework and essential for implementing effective internal control measures.
We will assist the Key Individual establish the processes and procedures necessary for compliance. This will include development of a Compliance Manual for reference purposes.
Additionally, we provide personalised documents tailored to the practice’s needs to support the establishment of processes required by regulations such as the General Code of Financial Services Providers, among others.
Delivery of compliance services
If the practice is required to appoint a compliance officer with the Financial Sector Conduct Authority (FSCA), we will ensure this requirement is fulfilled.
A compliance officer has the following obligations, and we will attend to all the requirements as set out below:
- Monitoring and compliance with the Act.
- Supervision of the compliance function.
- Recommendations to the Key Individual regarding compliance and monitoring functions.
- Submission of reports to the Registrar as required by the Act.
Establishment of risk management measures
Risk management principles are largely similar across the financial services industry. The General Code outlines the need for risk management in broad terms, requiring practices to acknowledge these requirements and address them through operational risk management measures.
We assist the Key Individual in developing a comprehensive Risk Management Plan, enabling the continuous identification and effective management of risks within the business.
Continuous monitoring and practice visits
In terms of Board Notice 119 of 2017, an external compliance officer may determine in their own discretion, the frequency of onsite visits and methods of monitoring, based on the complexity and risk of the particular financial services provider.
When the business utilises web-based software, we can conduct more frequent monitoring as cases are finalised. This allows us to promptly identify areas for development and implement corrective actions as needed.
Interaction with the regulator
We will continuously provide communication regarding amendments to applicable Acts and Regulations.
We will also assist with any profile changes at the Financial Sector Conduct Authority (FSCA).
We also provide support in preparing for FSCA onsite visits and ensuring representation during the process.
Regulatory Compliance & Governance
- Guidance in compliance with FAIS, FICA and other relevant regulations.
- Assisting with license applications, amendments and profile changes for FSPs.
- Monitoring and updating compliance policies to align with evolving regulations.
- Providing regulatory risk assessments to identify potential areas of non-compliance before they become an issue.
FSCA & Representative Supervision
- Assisting with the registration, onboarding and ongoing supervision of representatives.
- Ensuring that representatives meet competency, training and qualification requirements.
- Overseeing fit and proper status tracking, ensuring that FSPs and representatives comply within the required timeframes.
- Handling FSCA communication and ensuring timely regulatory submissions.
FICA & Anti-Money Laundering Compliance
Guiding and assisting the FIC Compliance Officer with:
- Developing and implementing risk management and compliance programmes (RMCPs) tailored to the business of the Accountable Institution.
- Assisting with implementing client identification, due diligence and reporting procedures.
- Conducting FICA compliance audits and preparing for regulatory inspections.
- Providing training to staff on AML (Anti-Money Laundering) and related obligations.
Internal Compliance & Risk Management
- Designing and implementing custom compliance frameworks suited to your business’ size and structure.
- Developing internal policies and procedural manuals that align with regulatory requirements.
- Conducting compliance audits and risk assessments, identifying potential vulnerabilities.
- Providing practical guidance on conflicts of interest, ethics, and corporate governance.
Training & Development
- Assisting with CPD (Continuous Professional Development) compliance to ensure representatives maintain their accreditation.
- Hosting tailored compliance workshops and knowledge-sharing sessions.
Advisory & Strategic Compliance Support
- Acting as a compliance partner, guiding FSPs through complex regulatory changes.
- Providing proactive compliance roadmaps to future-proof your business.
- Assisting in dispute resolution, regulatory inquiries, and compliance-related decision-making.