South Africa sees rise in ‘money for murder’ life insurance claims
The National Financial Ombud Scheme reports 38 murder-for-money cases in 2024, up from 14 in 2023, and urges new consent rules to curb fraud.
Regulatory & Policy tracks the FSCA, the Competition Commission, POPIA enforcement and the legislation that determines what a South African business is actually allowed to do — and what it’s liable for if it doesn’t comply. Coverage explains not just what changed, but which businesses the change actually applies to, since regulatory reporting that skips that detail isn’t useful to anyone.
The National Financial Ombud Scheme reports 38 murder-for-money cases in 2024, up from 14 in 2023, and urges new consent rules to curb fraud.