The Financial Intelligence Centre (FIC) has published Guidance Note 7A which provides accountable institutions with guidance on compliance with the Risk Management and Compliance Programme (RMCP) requirements in section 42 of the Financial Intelligence Centre Act.
GN 7A replaces Chapter 4 of Guidance Note 7. Chapter 4 has been updated to provide further guidance to boards of directors, senior management, or other person or group of persons exercising the highest level of authority in an accountable institution, who must approve the RMCP of their accountable institution. The updated Chapter 4 also provides guidance regarding the documentation describing the RMCP.
GN 7A was extensively consulted over three rounds. Comments received have been considered and incorporated into the final version of GN 7A where necessary.
For other queries, contact the FIC’s compliance contact centre on 012 641 6000, or submit a web query by clicking on: https://www.fic.gov.za/compliance-queries/
Click here to download Guidance Note 7A.
The link published above for Guidance Note 7A is incorrect and links to Guidance Note 7.
The correct link for Guidance Note 7A with Chapter 4 amended is at
https://www.fic.gov.za/wp-content/uploads/2025/02/2025.2-GN-implementation-of-fic-act.pdf
Thank you – link corrected.