QuickTrade (Pty) Ltd

Administrative penalty and remediation directive. FSCA, 16 February 2026.

Record ID: za-fsca-2026-0001
Jurisdiction: South Africa
Regulator: FSCA
Type: penalty notice
Date decided: 16 February 2026
Respondent type: private
Sector: financial services
Violations: AML compliance failures, customer due diligence failures
Provisions cited: FICA 2001
Outcome: administrative penalty and remediation directive
Penalty: ZAR 710,000 (≈ USD 38,000 at the decision date)
Status: final
Source: Official document ↗
Record verified: 3 March 2026

Summary

The Financial Sector Conduct Authority imposed a R710,000 administrative penalty on CFD broker QuickTrade for multiple breaches of the Financial Intelligence Centre Act, including failures in AML compliance and customer due diligence, and issued a remediation directive. The action is part of a wider FSCA sweep against CFD brokers operating in South Africa. This is financial-sector enforcement, not data protection law; it is tracked here for its relevance to customer-data handling obligations.

FINANCIAL-REGULATION · AML · CUSTOMER-DUE-DILIGENCE

Cite this decision

FSCA (South Africa), QuickTrade (Pty) Ltd, penalty notice of 16 February 2026. African Data Protection Enforcement Tracker, Law Lab Africa Research, https://research.lawlab.africa/tracker/south-africa/fsca/2026/quicktrade-fica-penalty/ (accessed 22 July 2026).

Track South Africa enforcement

Get decision alerts by email

Tell us your jurisdictions and we email you when a regulator's decision passes verification. Privacy.