Compliance at its best

Years of experience helping businesses become compliant through comprehensive solutions.

Learn More

ABOUT US

We are a Somerset – West based compliance and legal advice business catering for all compliance needs, while also offering legal assistance to our compliance clients or interested third parties.

Welcome to user-friendly compliance

Experience has taught us that compliance is more than a necessary evil and we strive to make compliance a friend of financial service providers. Useful, target specific, simplistic, yet give full effect and protection when used and implemented correctly.

Our clients range for Short Term Providers to Venture Capital Companies giving us a wide variety of experience. No client is too big or too small.

We are client-orientated and encourage clients to engage with us to change compliance from a mere regulatory requirement to a management tool to simplify tasks. Compliance is an important aspect to protect financial service providers as well as their clients. Through a comprehensive compliance system and record keeping, risks can be minimized.

Read More

Financial Sector Conduct Authority (FSCA)

www.fsca.co.za

Prudential Authority (PA)

www.prudentialauthority.co.za

Information Regulator (IR)

www.justice.gov.za/inforeg

Financial Intelligence Centre (FIC)

www.fic.gov.za

SERVICES WE PROVIDE

Key Feature of Compliance

Multitask offers independent external compliance service and monitoring. We assist in problem solving and working towards a healthier practice by ensuring clients stay up to date and compliant with all regulatory requirements.

Starting a new practice can be daunting as are changes that is not done regularly, so we also assist with new license applications, application for additional KI, exemption, internal compliance officer and other FSCA applications.

The goal is to implement processes and procedures through systems already used rather than replace and complicate. Businesses are assessed individually and on its own merits to customize detailed compliance monitoring.

Retainer Services Include:

  • Comprehensive initial assessment of your practice
  • Ongoing compliance monitoring support
  • On-site compliance visits and assessments including sampling and reporting
  • Assistance with implementation of management plans, policies and procedures meeting the minimum FSCA/FAIS/FSR/Fit and Proper requirements
  • Completion and submission of the annual FAIS compliance report, submission of financial statement, submission of Assets under Management and other submission
  • General assistance with FSCA profile changes and representative changes
  • Any questions or queries from the client
  • Reports are issued after visits with feedback and recommendations
  • Regular information updates on industry changes and requirements and summary Board and Guide Notices
  • Financial Sector Conduct Authority and Prudential Authority communications
  • Assistance with Financial Intelligence Centre and Council for Medical Schemes

Legal Know How

Legal requirements and needs are not only limited to the business world and therefore we encourage our clients to introduce our legal advice services to their clients. We can assist with trusts, wills and estates, CIPC - Intellectual Property Law, companies and corporations and contracts – all sorts, to name but a few.

Cloud Services and Mountains

Lorem Ipsum is simply dummy text of the printing and typesetting. Ipsum has been the industry's standard dummy text ever since. Lorem Ipsum is simply dummy text of the printing and typesetting. Ipsum has been the industry's standard dummy text ever since.

Our Business Growth increase Day By Day

Lorem Ipsum is simply dummy text of the printing and typesetting. Ipsum has been the industry's standard dummy text ever since. Lorem Ipsum is simply dummy text of the printing and typesetting. Ipsum has been the industry's standard dummy text ever since.

 

Service Options

We know that all financial services businesses are the same, yet totally different, as are your needs. Therefore we offer different service options to fit your pocket and needs.

Assistance Compliance Services

For a nominal monthly fee we offer a service for internal or new compliance officers that feel they need some assistance or anyone that needs a hand every now and then. We offer you peace of mind with the knowledge that an experience compliance officer is a phone call or e-mail away.

Contact Us

Comprehensive Compliance Services

We take over the roll of external compliance officer and are involved in every aspect of the monitoring as our services suggest, however we remain external and therefore the ultimate responsibility remains with the FSP.

Contact Us

Ad Hoc Compliance Assistance

Sometimes, even where we are the compliance officer on record, additional “non-standard” compliance issues arise that we then cater for on an ad hoc basis, this is also for other compliance officers or new applications, or where help is just needed as a once off.

Contact Us

Ad Hoc
Legal
Advice

Legal assistance can be an important part of any business, but not a daily occurence, therefore we offer legal advice when there is a need, however should a business feel the need to have some legal advice on call a retainer is also possible.

Contact Us

MULTITASKERS

Always ready to assist in any way.

Beanke Vermeulen

Working in the financial sector for the past 10 years first as general legal advisor to a wealth company and later moving into compliance her legal background is a sound bases to build on. As an admitted Advocate and completing a BProc and LLB through UNISA, legal is still very much part interpreting legislations and making it more userfriendly. Completing the RE1, RE3 and RE4 allows her to be a compliance officer on different categories of FSP licenses.

Carole Gambrell

23 years being part of a leading bank she was afforded the opportunity to experience all aspects of banking. She has completed the RE5, Certificate in Banking, Diploma in Banking, and Advanced Diploma in Banking through the Institute of Bankers as well as a Certificate in Personnel Management.

Preferred providers

Building a network of connections over the years we can always assist in finding the correct person for a specific task or job when our clients are in need of a specialised service. We have some preferred providers that we found to offer a good service that we can relate to.



Industry News in a Nutshell

With all the changes and additional requirements it is important to ensure that we stay up to date.

blog-01

Ready, set, go!!

Now is the time to get your Crypto Assets (CA) application in with the FSCA. Anyone who is engaged in the rendering of financial services in respect of CA, must apply for authorisation as a FSP or if they are an FSP, to have the new sub-category added to their license. The transitional period for these applications is 1/6/2023 and 30/11/2023. While the application is in process, you may continue with your services in regard to CA until the FSCA makes the decision to either grant or deny your application, but you must apply. The cost and requirements for the application are the same as for any FSCA application. During the transitional period, each application and the experience required will be assessed based on the information supplied.

blog-01

 

No one may in future render services in respect of CA’s unless they are registered and licensed correctly with the FSCA. The only exemptions for registration are CA miners and node operators performing functions in respect of the security and health of the network as well as persons rendering financial services in relation to non-fungible tokens. Since CA service providers (CASP’s) are now also Accountable Institutions in terms of the FICA, they should have registered with the FIC prior to 20 March 2023 as well as on their goAML platform. CA falls under item 22 of the Amended Schedule 1 of the FICA that came into effect 19/12/2023 and therefore they must complete the Submission of a Risk and Compliance returns to the FIC in terms of Directive 7 through their website.
blog-01

 

The reporting period is from 1/1/2023 – 30/6/2023 and the due date for the report to be submitted is no later than 31/7/2023. We can help you to submit the application to the FSCA for the license application or the amendment and assist going forward to get everything in place to operate in the correct manner. There is no more hiding, it is time for action.

 

Directive 7

Amendment to Schedule 1

Media release i.r.t the amendment

Media release i.r.t registration with FIC

 

We have found their service to be exceptionally quick, friendly and professional. All reminders and deadlines are sent out timeously, we get excellent reporting structures and all queries are always resolved, our audits always happen without fail and our registers are always correctly updated. We are happy to recommend Multitask and Beanke to anyone. Kuda Holdings Niche short term insurance
Beanke has looked after my interests from the time we required a compliance officer. She has been a great guide through all the twists and turns laid down by the FSCA. Good governance in clear language, with clear thinking. Could not work without her. Kathy Mossop MK & Associates
Multitask assisted us with our FSCA registration and since then we use them for our Compliance Services. Beanke has made our correspondence with the FSCA much easier and simpler and has giving us a much better insight and understanding of FAIS Compliance rules, regulations and procedures. We can highly recommend Beanke and Multitask. Hanne Bodil SmitEuro-Center Cape Town

A Few of Our Happy Clients

With excellent referance from our clients you can contact any of them.

Contact Us

Your office is our office. As we need to see our clients in action we visit them regularly.

CONTACT US

Beanke Vermeulen

082 817 1717

OPERATING FROM