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

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