Accountable institutions face being fined for not submitting their risk and compliance returns
The Financial Intelligence Centre sets a deadline for the many entities that have not complied with Directive 6.
The Financial Intelligence Centre sets a deadline for the many entities that have not complied with Directive 6.
How to submit information accurately to the Financial Intelligence Centre in respect of Directives 6 and 7.
The applicable designated non-financial businesses and professions that do not submit a risk and compliance return face administrative sanctions.
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.
This applies to legal practitioners, company and trust service providers, estate agents, and casinos.
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.
In a blow to foreign law graduates who have lived, studied and completed articles and pupilage in South Africa, the Constitutional Court has ruled that a section of the Legal Practice Act (LPA) […]