Our website has detected that you are using an outdated browser that will prevent you
from accessing
certain features. An upgrade is recommended to improve you browsing experience.
South African Reserve Bank imposes administrative sanctions on Monarch Insurance Company Limited
Published Date:
2024-08-02
Last Modified Date:
2024-08-02, 02:34 PM
Category:
Publications > Prudential Authority | Media > Media Releases | What's New
The South African Reserve Bank (SARB) has imposed administrative sanctions on Monarch Insurance Company Limited (Monarch) as a result of 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.