QuickTrade (Pty) Ltd Hit With R710 000 Admin Penalty
The Financial Sector Conduct Authority (FSCA) has imposed an administrative penalty of R710 000 on QuickTrade (Pty) Ltd (Quicktrade) for failing to comply with certain provisions of the Financial Intelligence Centre Act, No. 38 of 2001 (FIC Act). Quicktrade is a licensed financial services provider (FSP) under the Financial Advisory and Intermediary Services Act, No. …