An accountable institution must register with the FIC to submit a risk and compliance return
How to submit information accurately to the Financial Intelligence Centre in respect of Directives 6 and 7.
How to submit information accurately to the Financial Intelligence Centre in respect of Directives 6 and 7.
This applies to some of the persons who became accountable institutions in terms of the amendments to Schedule 1 of Fica.
The Financial Intelligence Centre publishes an authoritative guidance document.
The Financial Intelligence Centre reminds accountable institutions listed under Schedule 1 of the Financial Intelligence Centre Act of the looming deadlines to submit their respective risk and compliance return questionnaires by the end of May and July 2023.
The FSCA wants to know whether applicants are compliant with the Financial Intelligence Centre Act.
There are different deadlines, depending on whether the entity became an accountable institution before or after December 2022.
The Centre’s reference guide will also assist all accountable institutions with meeting their Fica compliance obligations.
They believe it will result in financial advisers including crypto assets in their investment recommendations to clients.