Accountable institutions urged to note heightened terror-financing risk in SA
Accountable institutions should consider the latest Terror Financing National Risk Assessment when implementing their RMCPs.
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Read moreAccountable institutions should consider the latest Terror Financing National Risk Assessment when implementing their RMCPs.
Accountable institutions are required to scrutinise client information against the targeted financial sanctions lists to identify designated persons and entities linked to clients.
These are the PCCs relating to beneficial ownership and the targeted financial sanctions obligations.
The FIC’s Public Compliance Communication addresses the updated approach to TFS as set out in the amended legislation.