Accountable institutions urged to note heightened terror-financing risk in SA
Accountable institutions should consider the latest Terror Financing National Risk Assessment when implementing their RMCPs.
The increase is below the 6% CPI-related increase permitted by the Levies Act.
Accountable institutions should consider the latest Terror Financing National Risk Assessment when implementing their RMCPs.
Accountable institutions are required to scrutinise client information against the targeted financial sanctions lists to identify designated persons and entities linked to clients.
The FIC’s Public Compliance Communication addresses the updated approach to TFS as set out in the amended legislation.