Regulatory Alerts2023-10-23
Guidance Issued by the Financial Intelligence Centre
The Financial Intelligence Centre of South Africa has published a consolidated catalog of regulatory guidance detailing compliance obligations for accountable institutions. This listing specifies mandatory measures across targeted financial sanctions, customer due diligence, risk management programmes, employee screening, and data protection. By centralizing these directives and compliance communications, the document establishes a unified operational framework for implementing the amended FIC Act to effectively combat money laundering, terrorism financing, and proliferation financing.
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