Regulatory Alerts2021-03-10
Frequently Asked Questions on the Financial Intelligence Centre Act Directive to Provide Information 2021
The Financial Sector Conduct Authority issued the 2021 Directive to Provide Information (DPI) requiring all accountable institutions and financial services providers to complete an online compliance questionnaire. Accessible exclusively through the FAIS and CIS e-portals from 1 to 31 March 2021, the directive mandates a risk-based assessment of anti-money laundering obligations using a straightforward yes, no, or not applicable format. Submission is compulsory for both authorized and suspended entities, with non-compliance triggering proportionate enforcement actions under the Financial Intelligence Centre Act.
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