Tuesday, 13 June 2017: The Minister of Finance, Mr Malusi Gigaba, has signed and gazetted the coming into operation of various provisions of the Financial Intelligence Centre Amendment Act, 2017 (Act 1 of 2017) (FIC Amendment Act). The FIC Amendment Act was signed into law by the President on 26 April 2017 and gazetted on 2 May 2017 (Annexure A), but the determination of the commencement date was left to the Minister of Finance.
The key objective of this law is to improve the protection of the integrity of South Africa’s financial system and strengthen its ability to prevent and punish financial crimes like money laundering, illicit capital flows, tax evasion, corruption and bribery, and financing of terrorism. Click here to read the full statement. See below to read all relevant documents and to submit your comments.
CALL FOR PUBLIC COMMENTS ON PUBLISHED DOCUMENTS
The deadline for comments is close of business on 12 July 2017