Time is running out for new accountable institutions to register with the FIC
The amendments to Schedule 1 of Fica mean more individuals and businesses have, by definition, become accountable institutions.
The amendments to Schedule 1 of Fica mean more individuals and businesses have, by definition, become accountable institutions.
New requirements include the identification of ultimate beneficial owners and beefed-up risk management and compliance programmes.
The Financial Intelligence Centre (FIC) has published a document to guide designated non-financial businesses and professions (DNFBPs) in developing and implementing their risk management and compliance programmes (RMCPs). Public Compliance Communication (PCC) 53 […]