|1.||Draft PCC 102 on Compliance Communication – access for certain supervisory bodies to suspicious and unusual transaction reports
The Financial Intelligence Centre (FIC) is calling for comments from supervisory bodies, accountable and reporting institutions on the draft Public Compliance Communication 102 (draft PCC 102).
The draft PCC 102 sets out the provisions of the FIC Act that allows for certain supervisory bodies to have access to suspicious and unusual transaction reports (STR) as submitted by reporting entities to the FIC. The draft PCC102 further explains the process that must be followed by all supervisory bodies should they request STR or STR related information from the reporting entity as well as information from the FIC regarding a STR.
Comments on the draft PCC 102 are invited from supervisory bodies and all reporting entities (including accountable and reporting institutions and other persons), to reach the FIC by no later than Monday, 20 January 2020 via e-mail on Consult@fic.gov.za.
Click here to download Draft Public Compliance Communication No 102 (pcc102).
|2.||Draft PCC 104 – guidance on the different sanctions regimes
The Financial Intelligence Centre (FIC) is calling for comments from supervisory bodies, accountable and reporting institutions and the general public on its draft Public Compliance Communication 104 (draft PCC 104).
The draft PCC offers guidance on the different sanctions regimes which are part of the regulatory framework of South Africa. The document explains the targeted financial sanctions in terms of the Financial Intelligence Centre Act, 2001 (Act 38 of 2001) and the Protection of Constitutional Democracy Against Terrorist and Related Activities Act, 2004 (Act 33 of 2004).
Comments and inputs on draft PCC 104 are invited from supervisory bodies, reporting and accountable institutions and any other persons.
All inputs must reach the FIC by no later than Monday, 20 January 2020 via e-mail on Consult@fic.gov.za. For any other queries, please contact the FIC’s Compliance Contact Centre on 012 641 6000, select option 1, or submit a web query by clicking on:
Click here to download the draft Public Compliance