Reminder of 31 July deadline to submit a return to the FIC
This applies to some of the persons who became accountable institutions in terms of the amendments to Schedule 1 of Fica.
Financial Intelligence Centre Act
Recording of Moonstone Compliance’s Fica webinar is now available
The content of the webinar is specifically for individuals or businesses that recently became accountable institutions.
How crypto asset service providers must comply with Fica
The Financial Intelligence Centre publishes an authoritative guidance document.
New do-it-yourself FICA compliance solution for accountable institutions
The FICA Toolkit is ideal for accountable institutions that have recently initiated their FICA compliance programmes or have relatively simple products and distribution channels.
What accountable institutions should consider when screening employees
Complying with the FIC’s Directive 8 without falling foul of the Employment Equity Act, which protects employees from unfair discrimination.
Update: Fica webinar for new accountable institutions is now fully booked
We are giving away two-and-a-half hours of Fica compliance expertise on 7 June.
Accountable institutions: deadlines to submit risk and return compliance returns imminent
The Financial Intelligence Centre reminds accountable institutions listed under Schedule 1 of the Financial Intelligence Centre Act of the looming deadlines to submit their respective risk and compliance return questionnaires by the end of May and July 2023.
Window period for crypto asset FSPs to apply for a licence opens on 1 June
The FSCA wants to know whether applicants are compliant with the Financial Intelligence Centre Act.
Reminder of 31 May deadline to submit a return to the FIC
This applies to legal practitioners, company and trust service providers, estate agents, and casinos.
FIC provides case studies, red flags to help you detect money laundering
Any business that fails to report ‘suspicious and unusual transactions’ faces harsh penalties.
Wide range of non-financial businesses now have Fica obligations
A ‘high-value goods dealer’ means any business that sells goods with a price tag of R100 000 or more.
New tax clearance process for emigration and remittance of funds abroad
‘The new process comes down to more detailed and targeted requests for information regarding exit capital.’
Fica employee screening must take account of labour laws and Popia
A deeper look at what accountable institutions must do to comply with the Financial Intelligence Centre’s directive.
FSCA provisionally withdraws Salt Asset Management’s licence
The Authority is looking into allegations that the company was involved in money laundering.
‘New’ and ‘old’ accountable institutions must comply with the provisions of Fica
Sanctions can include a fine of up to R10 million in respect of a natural person and R50m in respect of a legal person.
FIC issues guidance note on electronic funds transfers
How accountable institutions must apply the SA Reserve Bank’s directive of 2022.
FIC issues employee screening directive to accountable institutions
They must also check whether prospective and current employees are the subject of United Nations sanctions.
