Directory of the FIC’s compliance communications issued in 2023
The directory contains a brief description of each document, a link to the document and, where available, links to other communication related to it.
Old Mutual Unit Trust Managers off the hook for R1.7 billion claim arising from Fidentia scandal.
Read moreThe directory contains a brief description of each document, a link to the document and, where available, links to other communication related to it.
These are the PCCs relating to beneficial ownership and the targeted financial sanctions obligations.
The FIC’s Public Compliance Communication addresses the updated approach to TFS as set out in the amended legislation.
The Financial Intelligence Centre says many accountable institutions have ignored its instructions to submit a risk and compliance return.
The risk assessment reports are intended to help accountable institutions understand their money laundering and terrorism financing risks.
The same transaction may give rise to the submission of multiple reports to the Financial Intelligence Centre.
The draft public compliance communication provides guidance on how to establish the beneficial owners of legal persons, trusts, partnerships, and non-governmental organisations.