Analysis: How Fica Blocks Enterprise and Punishes Poor People - CAJ News Africa
2 Articles
2 Articles
Analysis: How Fica blocks enterprise and punishes poor people - CAJ News Africa
by EUSTACE DAVIEJOHANNESBURG, (CAJ News) – SOUTH Africans are often told that the Financial Intelligence Centre Act (FICA) protects them from financial crime. What they are not told is that FICA, as it now functions, blocks ordinary people from participating in the economy. It makes it harder for poor people to earn a living, save, and build better lives for themselves. All of this is done in the name of global compliance. A law that stops someo…
How FICA blocks enterprise and punishes poor people
South Africans are often told that the Financial Intelligence Centre Act (FICA) protects them from financial crime. What they are not told is that FICA, as it now functions, blocks ordinary people from participating in the economy. It makes it harder for poor people to earn a living, save, and build better lives for themselves. […]
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