Voluntary Grouped Funeral Plan
Elusha Cronje • June 4, 2025
- Money laundering, terrorist financing, and proliferation financing are some of the most significant threats to the integrity of the financial system, and global stability. These crimes enable criminal organisations, terrorist groups, and rogue states to profit from illegal activities, fund terrorist operations, and obtain weapons of mass destruction.
- South Africa has recently been grey listed, which means that it has been identified as a jurisdiction under increased monitoring by the Financial Action Task Force ("FATF"). Being grey listed can have significant consequences for investment purposes and businesses operating in South Africa, particularly those engaged in international trade and financial transactions. It has thus far resulted in increased due diligence requirements and higher compliance costs and can also potentially result in reputational damage. To mitigate these risks, accountable institutions must ensure that their anti-money laundering, counter-terrorism and counter-proliferation financing policies and procedures are robust and compliant with the Financial Intelligence Centre Act, Act 38 of 2001 (“FICA”) and other incidental legislation, and that they are prepared to adapt to any changes in regulations or enforcement actions.
- Therefore, it is crucial for individuals and businesses to be equipped with the knowledge and skills necessary to detect, prevent, and mitigate these risks and comply with its obligations in terms of FICA and incidental legislation.
COMPLIANCE TO REGULATORY REQUIREMENTS
FIC CLIENT SCREENING ON SYSTEM
COMPLIANCE TO REGULATORY REQUIREMENTS
Explore the complete list of claim documentation required for Exodec's Voluntary Grouped Funeral Plan. Ensure all forms are submitted within six months for processing.
Explore our Voluntary Traditional Family Funeral Plan for up to 9 family members. Comprehensive coverage, affordable premiums, and secure benefits for peace of mind.
Explore our Voluntary Standard Funeral Plan with flexible coverage options for individuals, families, and extended families. Secure financial peace of mind today.
