The 2026 Global Money Week Launch

The 2026 Global Money Week Launch

11 March, 2026

The 2026 Global Money Week Launch

FSRA Engages Stakeholders on Anti-Money Laundering, Countering the Financing of Terrorism and Proliferation Financing (AML/CFT/PF) Compliance

The FSRA hosted a two-day AML/CFT/PF Compliance Engagement from 25 to 26 August 2026 at the Sibanesami Hotel, bringing together Compliance Officers and industry stakeholders to strengthen the financial sector’s response to financial crime.

The programme addressed deficiencies relating to Immediate Outcomes 3 and 4, with a specific focus on institutional risk assessments, Customer Due Diligence (CDD) requirements, the identification and verification of Ultimate Beneficial Ownership (UBO), effective transaction monitoring, feedback on Suspicious Transaction Reports (STRs), as well as discussions on challenges and opportunities for enhancing AML/CFT/PF compliance.

Speaking at the event, FSRA Chief Executive Officer, Mr Ncamiso T. Ntshalintshali, emphasized that the fight against financial crime requires more than regulatory compliance. He noted that it demands a shared commitment across the financial sector. Through continuous engagement, collaboration, and knowledge-sharing, he said, stakeholders can strengthen their collective defences and protect the integrity of Eswatini’s financial system.

The CEO's remarks were further reinforced by the General Manager: Market Conduct, Mr Zama Dlamini, who stated that it is no longer sufficient to merely have rules and policies in place. He stressed the need to demonstrate their effectiveness through a risk-based approach, robust risk assessments, enhanced customer due diligence, and ongoing training.

Participants described the sessions as informative, insightful, and valuable, particularly the discussions on Immediate Outcomes 3 and 4, Customer Due Diligence, Transaction Monitoring, and Suspicious Transaction Reports. Stakeholders also called for more frequent engagements, practical case studies, sector-specific guidance, deeper training on Beneficial Ownership and the Risk-Based Approach, and increased adoption of technology in Know Your Customer (KYC) processes, record-keeping, transaction monitoring, and STR reporting.

The feedback received reinforced the importance of continued collaboration between the FSRA and industry stakeholders in translating regulatory requirements into effective and measurable compliance outcomes.