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FIC
 

 The Director

 
The Director is responsible for the FIC strategy and stakeholder relationships, and heads South Africa’s delegation to international bodies including the Financial Action Task Force, Eastern and Southern Africa Anti-Money Laundering Group and the Egmont Group of Financial Intelligence Units.

Under the leadership of the Director, the FIC co-ordinates South Africa’s regulatory framework to identify the proceeds of crime, combat money laundering and the financing of terrorism.

The Director is appointed by the Minister of Finance.

The Director, who is also the Accounting Authority, reports directly to the Minister of Finance and to Parliament.

Excerpt from Section 10 of the Financial Intelligence Centre Act:

(1) The Director— 
(a)      is responsible for the performance by the Centre of its functions; 
(b)      takes all decisions of the Centre in the exercise of its powers and the
performance of its functions, except those decisions taken in
consequence of a delegation or instruction in terms of section 16; and 
(c)      is the chief executive officer and also the accounting authority of the
Centre. 
(2)      As the chief executive officer, the Director is responsible for— 
(a)      the formation and development of an efficient and performance driven
administration; 
(b)      the management of the administration; and 
(c)       the control, and maintenance of discipline, of staff. 
(3)      As accounting authority of the Centre the Director must perform the functions
assigned to accounting authorities in terms of the Public Finance
Management Act, 1999 (Act No. 1 of 1999). 
(4)      The Director performs the functions of office subject to any policy framework
which may be prescribed by the Minister.