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 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.
A ‘high-value goods dealer’ means any business that sells goods with a price tag of R100 000 or more.
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.
The Financial Intelligence Centre (FIC) will work with entities that become accountable institutions in terms of the amendments to the Financial Intelligence Centre Act (Fica), to help them bed down compliance with the […]