Regulatory Alerts2024-05-27
FSCA Communication 20 of 2024 (General) Guidance on the Directive to Provide Information 2024
The Financial Sector Conduct Authority mandates all designated accountable institutions, including financial services providers and collective investment scheme managers, to complete and submit the 2024 Directive to Provide Information online between May 27 and July 31, 2024. Issued under the Financial Intelligence Centre Act, the directive requires truthful responses regarding anti-money laundering compliance, risk management programmes, and client due diligence to verify ongoing regulatory adherence. Institutions must access the form via the FAIS or CIS e-portals using their Financial Intelligence Centre ORG ID numbers, with failure to submit triggering administrative penalties for contravention.
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