FSCA defends R2bn enforcement action against Banxso as liquidation process unfolds
The Financial Sector Conduct Authority (FSCA) has defended its regulatory action against online trading platform Banxso and its directors, saying it followed due process in a complex investigation that ultimately led to the freezing of the company’s bank accounts and its provisional liquidation. This comes after the FSCA imposed a staggering R2 billion in administrative…

