ARTICLE
7 April 2016

Proposed Amendments To The FICA Regulations In South Africa

CC
Clyde & Co

Contributor

Clyde & Co is a leading, sector-focused global law firm with 415 partners, 2200 legal professionals and 3800 staff in over 50 offices and associated offices on six continents. The firm specialises in the sectors that move, build and power our connected world and the insurance that underpins it, namely: transport, infrastructure, energy, trade & commodities and insurance. With a strong focus on developed and emerging markets, the firm is one of the fastest growing law firms in the world with ambitious plans for further growth.
The Financial Intelligence Centre has published, and requested comments on, a consultation document relating to amendments to the FICA Regulations.
South Africa Government, Public Sector

Public comment sought on proposed amendments to the Money Laundering and Terrorist Financing Control Regulations

The Financial Intelligence Centre has published, and requested comments on, a consultation document relating to amendments to the FICA Regulations.

The current regulations are being amended to align it with the new reporting forms.

Amendments to the regulations include (i) additional definitions; (ii) required additional information relating to reports; and (iii) the insertion of new regulations relating to suspicious or unusual activities, terrorist financing transactions and terrorist financing activities. 

Comments must be submitted by 31 March 2016.

For the full document please click here.

Proposed Amendments To The FICA Regulations In South Africa

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More