BENEFICIAL OWNERSHIP FRAMEWORK OVERHAUL TO ENHANCE INVESTIGATORY PROCESS
Financial Intelligence Centre (FIC) director, Advocate Xolisile Khanyile, believes changes to South Africa’s beneficial ownership framework will enhance the transparency of legal persons and make them less attractive for criminals.

MODERN SLAVERY AND HUMAN TRAFFICKING IN SOUTH AFRICA
How understanding financial flows and key indicators can help to fight modern slavery and human trafficking in South Africa.

MEDIA RELEASE: COLLABORATIVE RESEARCH REPORT BY THE SOUTH AFRICAN ANTI MONEY LAUNDERING INTEGRATED TASKFORCE
A research report, compiled by the South African Anti-Money Laundering Integrated Task Force (SAMLIT), in partnership with Refinitiv, on modern slavery and human trafficking (MSHT), entitled “Follow the Money”, was released on 10 March 2023.

NEW ACCOUNTABLE INSTITUTIONS URGED TO CONTINUE REGISTERING WITH THE FIC
New designated items listed as accountable institutions in Schedule 1 of the Financial Intelligence Centre Act (FIC Act) are urged to continue registering with the Financial Intelligence Centre (FIC) even after the deadline of close of business on Monday, 20 March 2023, to avoid being in non-compliance with the registration requirements.