Pages - Compliance Guidance

PCCs, Guidance Notes and Directives

The FIC develops various products: Public Compliance Communications (PCCs), guidance notes and notices – to provide practical guidance on compliance with the FIC Act.

Before being finalised, draft versions of guidance are published, to enable accountable institutions, supervisory bodies and other affected entities and individuals to provide feedback. The comments received are considered before guidance products are updated, where necessary.

PCCs and Guidance Notes are published by the FIC in terms of its statutory function under section 4(c) of the FIC Act.

Directives are issued by the FIC in terms of section 43A (1) of the FIC Act. Click here to read more about Directives.

For more assistance with compliance-related matters, please click here to submit your query or contact the FIC on +27 12 641 6000.

For full compliance obligations and information, please consult the FIC Act booklet.

Public Compliance Communications

PUBLIC COMPLIANCE COMMUNICATION 55
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On Directive 8 screening of employees for competence and integrity and scrutinising of employee information against targeted financial sanctions lists as a money laundering, terrorist financing and proliferation financing control measure

DRAFT PUBLIC COMPLIANCE COMMUNICATION No. 120
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DRAFT PUBLIC COMPLIANCE COMMUNICATION No. 120
DRAFT PUBLIC COMPLIANCE COMMUNICATION No. 119
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DRAFT PUBLIC COMPLIANCE COMMUNICATION No. 120
COMMUNICATION DRAFT PUBLIC COMPLIANCE COMMUNICATION No. 118
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COMMUNICATION DRAFT PUBLIC COMPLIANCE COMMUNICATION No. 118
DRAFT PUBLIC COMPLIANCE COMMUNICATION No. 47A
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DRAFT PUBLIC COMPLIANCE COMMUNICATION No. 47A
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PCCs Withdrawn by the FIC

DRAFT PUBLIC COMPLIANCE COMMUNICATION 117
Published Date : 2022-07-29 - File Size: 0.22 MB

GUIDANCE ON THE INTERPRETATION OF ITEM 3 OF SCHEDULE 1 TO THE FINANCIAL INTELLIGENCE CENTRE ACT, 2001 (Act 38 of 2001)

DRAFT PUBLIC COMPLIANCE COMMUNICATION No. 22A GUIDANCE ON INFORMATION PROCESSING IN TERMS OF THE FINANCIAL INTELLIGENCE CENTRE ACT 38 OF 2001, IN RELATION TO DATA PROTECTION
Published Date : 2022-07-05 - File Size: 0.16 MB

Accountable institutions, in fulfilment of their compliance obligations with the Financial Intelligence Centre Act, 2001 (Act 38 of 2001) (FIC Act), are required to obtain, assess and report certain personal information in relation to their clients.

DRAFT GUIDANCE NOTE 7A
Published Date : 2022-04-01 - File Size: 0.18 MB

ON THE IMPLEMENTATION OF VARIOUS ASPECTS OF THE FINANCIAL INTELLIGENCE CENTRE ACT, 2001 (ACT 38 OF 2001) CHAPTER 4 AMENDMENTS

DRAFT PUBLIC COMPLIANCE COMMUNICATION No 114
Published Date : 2022-04-01 - File Size: 0.55 MB

ON THE RISK MANAGEMENT AND COMPLIANCE PROGRAMME IN TERMS OF SECTION 42 OF THE FINANCIAL INTELLIGENCE CENTRE ACT, 2001 (ACT 38 OF 2001) FOR DESIGNATED NON-FINANCIAL BUSINESSES AND PROFESSIONS

DRAFT PUBLIC COMPLIANCE COMMUNICATION No. 113
Published Date : 2021-03-04 - File Size: 0.23 MB

GUIDANCE ON MEASURES RELATING TO FOREIGN PROMINENT PUBLIC OFFICIALS, DOMESTIC PROMINENT INFLUENTIAL PERSONS, THEIR FAMILY MEMBERS AND KNOWN CLOSE ASSOCIATES

DRAFT PUBLIC COMPLIANCE COMMUNICATION No. 111
Published Date : 2020-11-18 - File Size: 0.30 MB

GUIDANCE ON THE MEASURES REQUIRED FOR THE MITIGATION OF LOSS OF INTELLIGENCE DATA DUE TO REPORTING FAILURES

DRAFT PUBLIC COMPLIANCE COMMUNICATION No. 12A (PCC 12A)
Published Date : 2020-07-21 - File Size: 0.29 MB
GUIDANCE ON OUTSOURCING OF COMPLIANCE ACTIVITIES TO THIRD PARTIES

Draft Directive 5/2019
Published Date : 2019-03-01 - File Size: 0.19 MB

The purpose of this Directive is to set conditions for the use of an automated transaction monitoring system (ATMS) implemented by reporters to identify potentially suspicious and unusual activities or transactions or a series of transactions, and to ensure that a proper governance arrangement is in place for reporters to fully comply with all reporting obligations.

Draft Guidance Note 6A
Published Date : 2019-01-28 - File Size: 0.84 MB
Draft Guidance Note 6A

Draft Guidance Note 4B
Published Date : 2019-01-18 - File Size: 1.15 MB

The Financial Intelligence Centre (FIC) has updated existing guidance relating to suspicious transaction reporting (STR) in terms of section 29 of the Financial Intelligence Centre Act, 2001 (Act 38 of 2001) (FIC Act).

Public Compliance Communication 38
Published Date : 2017-04-06 - File Size: 0.45 MB

Mode of communication regarding Sections 27, 32, 34 And 35 of the Financial Intelligence Centre Act (Act No. 38 of 2001)

Public Compliance Communication 31
Published Date : 2015-03-25 - File Size: 0.20 MB

PCC 31 - The acceptance of funds by an accountable institution prior to the completion of the prescribed client identification and verification requirements

PCC 24 - The Financial Intelligence Centre Act requires that accountable institutions verify the registration details of a company or close corporation prior to doing business with them
Published Date : 2013-09-12 - File Size: 0.17 MB

PCC 24 - The Financial Intelligence Centre Act requires that accountable institutions verify the registration details of a company or close corporation prior to doing business with them

PCC 20 – The objective of this PCC is to provide the Centre’s view on non face-to-face transactions such as the opening of online betting accounts and the acceptance of betting transactions against funds deposited in a betting account
Published Date : 2013-03-23 - File Size: 0.23 MB

The objective of this PCC is to provide the Centre’s view on non face-to-face transactions such as the opening of online betting accounts and the acceptance of betting transactions against funds deposited in a betting account prior to the full identification and verification of the client

PCC03A Refugees and asylum seekers
Published Date : 2012-04-24 - File Size: 0.20 MB

The FIC provides authoritative guidance in terms of section 4(c) of the FIC Act regarding identification and verification matters relating to account opening procedures for asylum seekers and refugees.

PCC 07 – Definition of Motor Vehicle Dealer for the Purpose of Schedule 3 to the FIC Act
Published Date : 2011-11-02 - File Size: 0.13 MB

PCC 07 – Definition of Motor Vehicle Dealer for the Purpose of Schedule 3 to the FIC Act

PCCs, Guidance Notes and Directives

Public Compliance Communications

PCCs Withdrawn by the FIC

Guidance Resources