FSCA imposes R16 million administrative sanction on Ashburton Fund Managers (Pty) Ltd (FSP 40169)
The Financial Sector Conduct Authority (FSCA) has imposed an administrative sanction of R16 million on Ashburton Fund Managers (Pty) Ltd (AFM) for failing to comply with certain provisions of the Financial Intelligence Centre Act, No. 38 of 2001 (FIC Act).
AFM, a wholly owned subsidiary of FirstRand Limited, is a licensed Financial Services Provider (FSP) under the Financial Advisory...