Ex-IG and FXCM Compliance Leader Takes Role at Capital.com in South Africa

Forex and CFD trading broker Capital.com has named Prishani Maheeph-Moonsamy as its Head of Compliance for South Africa. 

Maheeph-Moonsamy’s appointment comes in the wake of IG Group’s exit from South Africa. She served as Head of Compliance for two years and nine months at IG Group, focusing on regulatory and financial crime compliance.

IG Group announced last year that it would discontinue rand-denominated domestic trading accounts. IG said offshore accounts would remain available but did not provide reasons for winding down its local operations.

Maheeph-Moonsamy brings extensive compliance experience to Capital.com. Before joining IG, she also held senior compliance roles at FXCM, including Head of Compliance for South Africa and Australia, Compliance Associate, and Country Head.

Earlier, she worked for five and a half years at Nedbank, including roles as Compliance Manager in Business Banking, Market Conduct Compliance Specialist, and Compliance Officer. 

Capital.com has been actively pursuing regulatory approvals across multiple jurisdictions. In South Africa, the broker has a licence application underway, while in Kenya, it recently secured approval from the Capital Markets Authority (CMA). Capital.com is also pursuing compliance in Japan and Turkey and recruiting executives for Brazil and Chile.