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Tag Archives | #public compliance communication

employee-screening

FIC publishes draft directive on employee screening

The Financial Intelligence Centre (FIC) has published a draft directive that requires accountable institutions to screen their employees for competence and integrity, as well as scrutinise employee information against the targeted financial sanctions lists, to combat money laundering, terrorist financing and proliferation financing (ML/TF/PF). Draft Directive 6/2022 is supported by draft Public Compliance Communication 116, […]

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real-estate

Fica amendment proposed to take account of Property Practitioners Act

The Financial Intelligence Centre (FIC) has published a draft public compliance communication with a view to amending Schedule 1 of the Financial Intelligence Centre Act (Fica) to take account of the creation of “property practitioners” in terms of the Property Practitioners Act. Item 3 of Schedule 1 to Fica lists an estate agent, as defined […]

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