02/06/2026
Compliance in the property industry is no longer a paperwork exercise. It is now a legal and operational necessity.
The recent R266,000 penalty upheld against Capital Point Properties, together with the possibility of individual sanctions reaching R7.8 million, sends a clear warning to property practitioners across South Africa.
At Van Deventer Dowlath & Marx Incorporated, we are seeing a significant shift in how the Financial Intelligence Centre (FIC) and the PPRA are enforcing compliance obligations across the sector. Regulators are demanding real-time proof of functional compliance systems, including RMCP implementation, due diligence records, source-of-funds verification, sanctions screening, audit trails and reporting registers.
Without a functional RMCP and proper compliance records, agencies may face financial penalties, delays or refusals of Fidelity Fund Certificates, and ultimately risk their ability to legally operate.
This is no longer about preparing for future regulation. It is about remaining compliant, protected and operational today.
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