Commencement of the FIC Amendment Act

Monday, 2 October 2017: The Minister of Finance i Gigaba has amended the Money Laundering and Terrorist Financing Control (MLTFC) Regulations and withdrawn Exemptions made in terms of the Financial Intelligence Centre Act, 2001 (FIC Act), effective 2 October 2017,  The Government Notices to this effect were published in the following Gazettes:

a)    29 September 2017, No. 41153; and
b)    29 September 2017, No. 41154 .

The amendments to the MLTFC Regulations and the withdrawal of exemptions were previously published in draft form for public consultation and the comments received were considered and the amendments to the MLTFC Regulations were amended where necessary. Read the full media statement here.

 FIC Amendment Act Documents