General Notices
 | FAILURE TO COMPLY WITH DIRECTIVE 6 OF 2023 RELATING TO THE SUBMISSION OF RISK AND COMPLIANCE RETURNS Published Date : 2023-08-25 - File Size:
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The Financial Intelligence Centre (FIC) issued Directive 6 on 31 March 2023, obliging accountable institutions that are listed in Schedule 1 under Items 1 (Legal Practitioners), 2 (Trust and Company Service Providers), 3 (Estate Agents) and 9 (Gambling Institutions) of the Financial Intelligence Centre Act, 2021 (Act 38 of 2001) (the FIC Act) to submit a Risk and Compliance Return (RCR) to the FIC, by 31 May 2023. |
 | ADVISORY ON REQUESTS FOR DELISTING FROM A TARGETED FINANCIAL SANCTIONS LIST Published Date : 2023-07-28 - File Size:
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All persons or entities, who are designated on a targeted financial sanctions list in terms of a resolution of the United Nations Security Council (UNSC) under Chapter VII of the Charter of the United Nations (UN), can submit a request to be delisted to the UNSC. |
 | Outcomes of FATF Plenary, 22-24 February 2023 Published Date : 2023-02-24 - File Size:
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South Africa participated in the second plenary of the Financial Action Task Force (FATF) in Paris, France from 22 to 24 February 2023. |
 | CONSULTATION FEEDBACK NOTE relating to Draft Guidance Note 104A Published Date : 2023-01-18 - File Size:
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Consultation note: Relating to Draft Guidance Note 104A that provides guidance on the implementation of section 31 of the FIC Act, read together with the regulations 23D, 23E and 24 of the Money Laundering and Terrorist Financing Control Regulations. |
 | CONSULTATION NOTE Relating to the draft Public Compliance Communications Published Date : 2022-12-19 - File Size:
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CONSULTATION NOTE: Relating to the draft Public Compliance Communications that provide guidance on the definitions of, and industry risks relating to the new and amended schedule items, namely Legal Practitioners, Trust and Company Service Providers, Credit Providers, Money or Value Transfer Service Providers,
High-Value Goods Dealers and Crypto Assets Service Providers |
 | BRINGING MORE BUSINESS UNDER THE PURVIEW OF THE FIC ACT Published Date : 2022-12-13 - File Size:
0.69 MB
A process of reviewing South Africa’s legislative framework against money laundering, terrorist financing, and proliferation financing (ML/TF and PF) has culminated in the amendments of the Schedules to the Financial Intelligence Centre Act, 2001 (Act 38 of 2001) (FIC Act). |
 | VACANCY: ESAAMLG - Senior Financial Sector Expert Published Date : 2022-11-30 - File Size:
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The Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG), of which South Africa is a member, is inviting applications for the position of Senior Financial Sector Expert in its secretariat. Please refer any queries and/or applications to ESAAMLG, as indicated on the advertisement. |
 | CONSULTATION NOTE: Relating to the draft Directive 7 Published Date : 2022-11-25 - File Size:
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CONSULTATION NOTE: Relating to the draft Directive 7 on the submission of risk compliance returns to the Financial Intelligence Centre by specified accountable institutions. |
 | CONSULTATION FEEDBACK NOTE Published Date : 2022-11-14 - File Size:
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Relating to the draft Public Compliance Communication 117 on the interpretation of Item 3 of Schedule 1 to the Financial Intelligence Centre Act, 2001 (Act 38 of 2001), and the issuance thereof in
Public Compliance Communication 56 |
 | CONSULTATION NOTE: Relating to the draft Guidance Note No. 102A Published Date : 2022-10-31 - File Size:
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Relating to the draft Guidance Note No. 102A on the directive for conduct within the national payment system in respect of the financial action task force recommendations for electronic funds transfers (Directive No.1 of 2022.) |
 | CONSULTATION FEEDBACK NOTE Published Date : 2022-10-21 - File Size:
0.11 MB
Relating to the draft Guidance Note 5C on cash threshold reporting to the Financial Intelligence Centre in terms of section 28 of the Financial Intelligence Centre Act, 2001 (Act 38 of 2001) |
 | Call for further and supplementary Public Submissions and Comments Published Date : 2022-10-12 - File Size:
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The Standing Committee on Finance, having considered the request by various stakeholders to extend the period for making public submission, invites stakeholders and interested parties to submit further and supplementary written submissions on the General Laws (An-ti-Money Laundering and Combating Terrorism Financing) Amendment Bill (B18-2022) |
 | EXOTIC BIRDS SCAM Published Date : 2022-09-07 - File Size:
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The scam involves victims being lured into buying exotic birds at unusually good prices, only to find out they have been scammed. |
 | UK LOTTERY SCAMS Published Date : 2022-09-07 - File Size:
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The scam typically involves syndicates that target individuals to play a lottery claiming to guarantee a share of the winnings at a fee. |
 | FRAUDULENT USE OF FIC BRANDING Published Date : 2022-08-05 - File Size:
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The Financial Intelligence Centre (FIC) has been made aware that a company named “Genesis Mining” is fraudulently using FIC’s old branding in some of its communication and letters to its clients and to the public. |
 | SOUTH AFRICA’S INHERENT RISK AND VULNERABILITIES TO TERROR FINANCING RISKS IDENTIFIED Published Date : 2022-04-12 - File Size:
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Terrorism has broad and indelible impacts on the safety and wellbeing of people, society, economies and countries. For South Africa, the financing of terrorism poses a direct potential threat to the country’s national security as well as the integrity and reputation of its financial system. |
 | JOINT CONSULTATION NOTE Published Date : 2022-04-01 - File Size:
0.12 MB
Relating to the Draft Guidance Note 7A: Chapter 4 on the Apex Risk Management and Compliance Programme (RMCP) document in terms of section 42 of the Financial Intelligence Centre Act, 2001, and Draft Public Compliance Communication 114 (draft PCC 114) – the RMCP for DNFBP accountable institutions in terms of section 42 of the Financial Intelligence Centre Act 2001 |
 | CONSULTATION FEEDBACK: Relating to draft public compliance communication 112 (PCC 112) Published Date : 2022-03-25 - File Size:
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CONSULTATION FEEDBACK: Relating to draft public compliance communication 112 (PCC 112) and the issuance thereof in public compliance communication 52 on identification of money laundering and terrorist financing risks and associated customer due diligence for clients of authorised users of an exchange in terms of the Financial Intelligence Centre Act.
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 | FIC ISSUES ADMINISTRATIVE SANCTIONS Published Date : 2022-03-10 - File Size:
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The Financial Intelligence Centre (FIC) has imposed administrative sanctions against several motor vehicle dealerships and a Kruger rand dealer for non-compliance with the requirements of the Financial Intelligence Centre Act, 2001 (Act 38 of 2001) (FIC Act). |
 | CONSULTATION FEEDBACK: Relating to the draft public compliance communication No. 113 Published Date : 2021-12-03 - File Size:
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CONSULTATION FEEDBACK: Relating to the draft public compliance communication No. 113 and the issuance thereof in public compliance communication 51 on measures relating to foreign prominent public officials and domestic prominent influential persons, their immediate family members and known close associates |
 | Mutual Evaluation Report: South Africa Published Date : 2021-10-07 - File Size:
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Mutual Evaluation Report of South Africa's anti-money laundering and counter-terrorist financing measures. |
 | CALL FOR COMMENTS: DRAFT PUBLIC COMPLIANCE COMMUNICATION 112 Published Date : 2021-02-19 - File Size:
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CALL FOR COMMENTS: DRAFT PUBLIC COMPLIANCE COMMUNICATION 112 ON IDENTIFICATION OF MONEY LAUNDERING AND TERRORIST FINANCING RISKS
AND ASSOCIATED CUSTOMER DUE DILIGENCE FOR CLIENTS OF AUTHORISED USERS OF AN EXCHANGE IN TERMS OF THE FINANCIAL INTELLIGENCE CENTRE ACT
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 | FIC COMPLIANCE CONTACT CENTRE FULLY OPERATIONAL Published Date : 2020-05-25 - File Size:
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The Financial Intelligence Centre wishes to advise that its Compliance Contact Centre, which has been operating remotely during the nationwide lockdown, has commenced full on-site operations. |
 | FIC OPERATIONS DURING NATIONWIDE LOCKDOWN Published Date : 2020-03-24 - File Size:
0.07 MB
Last night, President Cyril Ramaphosa announced that South Africa is to go into a nationwide lockdown for 21 days, from midnight on Thursday, 26 March 2020. In response to this announcement, the Financial Intelligence Centre (FIC) will be shutting its offices from Friday, 27 March 2020 for 21 days. |
 | SOUTH AFRICA’S TARGETED FINANCIAL SANCTIONS REGIME Published Date : 2020-03-20 - File Size:
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The Financial Intelligence Centre (FIC) has issued Public Compliance Communication 44 (PCC 44). The PCC 44 provides guidance on the different sanctions regimes which are part of the regulatory framework of South Africa. |
 | DISCLOSURE OF FACTS OR INFORMATION REGARDING THE CONTENTS OF SECTION 29 REPORTS Published Date : 2020-02-28 - File Size:
0.02 MB
The Financial Intelligence Centre (FIC) has issued
Public Compliance Communication 42 (PCC 42) which provides clarity on certain provisions of the FIC Act that allow certain supervisory bodies access to facts or information regarding reports submitted in terms of section 29 of the Financial Intelligence Centre Act, 2001 (Act 38 of 2001) to the FIC.
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 | Fintech Scoping in SA Report Published Date : 2020-01-22 - File Size:
3.76 MB
SA has a small but fast-growing fintech industry, presenting considerable benefits and risks. As a result, regulators need an understanding of the fintech landscape in South Africa in order to manage risks in a way that does not stifle innovation. |
 | CASE STUDIES AND INDICATORS COLLECTION - October 2019 Published Date : 2019-10-30 - File Size:
0.32 MB
The featured case studies have been published over a period of time in the FIC’s annual reports. The case studies are arranged by crime type and some indicators – not an exhaustive list – are included to assist in identifying criminal activity. Core to the case study successes has been the collaboration between the FIC and its competent authority partners, as well as the regulatory reports submitted by accountable and reporting institutions, and other business. Regulatory reports form the foundation of the financial intelligence reports that the FIC produces. |
 | JOINT CONSULTATION PAPER Published Date : 2019-09-23 - File Size:
0.19 MB
Concerning draft Directive 01 of 2019 and related draft Guidance Note in terms of the Financial Intelligence Centre Act, 2001 (Act 38 of 2001) in respect of the Financial Action Task Force Recommendations for electronic funds transfers |
 | FINANCIAL INTELLIGENCE REPORTS: FIC ROLE CLARIFIED Published Date : 2019-09-05 - File Size:
0.08 MB
The Financial Intelligence Centre (FIC) has recently had several queries from the media about whether it had acted lawfully in providing certain information to the Office of the Public Protector. |
 | ADVISORY: Financial Action Task Force ongoing process to improve global AML/CFT compliance – June 2019 Published Date : 2019-07-05 - File Size:
0.19 MB
The Financial Action Task Force (FATF) engages in an on-going process with jurisdictions that have deficiencies in their measures against money laundering and terrorist financing and have developed action plans with the FATF to address these. In a statement issued on 21 June 2019, the FATF updated the information relating to the jurisdictions in this process. |
 | INVITATION TO 2019 FIC AWARENESS ROADSHOW Published Date : 2019-07-01 - File Size:
0.36 MB
The Financial Intelligence Centre is pleased to invite accountable and reporting institutions to the 2019 FIC awareness roadshow |
 | Typologies and Case Studies – March 2019 Published Date : 2019-03-28 - File Size:
0.41 MB
The FIC produces reports on the various ways in which criminals launder their money and/or raise funds for the financing of terrorism and related activities. When a series of suspected money laundering or terror financing activities are observed using the same methods, they are generally classified as a ‘typology’. |
 | UPDATED GUIDANCE ON SUSPICIOUS AND UNUSUAL TRANSACTION REPORTING Published Date : 2019-03-26 - File Size:
0.12 MB
The Financial Intelligence Centre (FIC) has updated its guidance on suspicious and unusual transaction reporting, which relates to section 29 of the Financial Intelligence Centre Act, 2001 (Act 38 of 2001) (FIC Act). |
 | PCC31A: GUIDANCE FOR ACCOUNTABLE INSTITUTIONS ON ACCEPTANCE AND RECEIPT OF FUNDS Published Date : 2019-02-11 - File Size:
0.02 MB
The Financial Intelligence Centre (FIC) has issued Public Compliance Communication 31A which provides guidance to accountable institutions on the acceptance and receipt of funds prior to the completion of the customer due diligence measures required in terms of the Financial Intelligence Centre Act, 2001 (Act 38 of 2001).
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 | PUBLICATION OF CONSULTATION PAPER ON CRYPTO ASSETS Published Date : 2019-01-16 - File Size:
0.30 MB
The Financial Intelligence Centre (FIC), Financial Sector Conduct Authority (FSCA), National Treasury (NT), South African Revenue Service (SARS) and the South African Reserve Bank (SARB) this week released a consultation paper on crypto assets. |
 | FIC AND SARB COMMIT TO INCREASED COLLABORATION Published Date : 2018-10-29 - File Size:
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The Financial Intelligence Centre (FIC) and the South African Reserve Bank (SARB) today formalised a memorandum of understanding committing them to collaboration and co-operation in the fulfilment of their respective legislative obligations. |
 | Typologies - September 2018 Published Date : 2018-09-12 - File Size:
0.47 MB
This booklet gives insight on some of the
methods criminals use to abuse the financial
system. |
 | Financial Action Task Force statements - June 2018 Published Date : 2018-07-09 - File Size:
0.39 MB
ADVISORY: Financial Action Task Force statements on jurisdictions with strategic anti-money laundering and counter-terror financing deficiencies – June 2018. |
 | Intergovernmental Fintech Working Group market outreach report Published Date : 2018-07-03 - File Size:
6.62 MB
This inaugural Intergovernmental Fintech Working Group (IFWG) market outreach is a significant event for regulators of financial services in South Africa. It signals the importance of financial technology (fintech). |
 | FIC and SIU sign co-operation pact Published Date : 2018-06-21 - File Size:
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The Financial Intelligence Centre (FIC) and the Special Investigating Unit (SIU) today signed a Memorandum of Understanding (MoU) that commits the two organisations to increased collaboration. |
 | Typologies - May 2018 Published Date : 2018-05-31 - File Size:
0.54 MB
This booklet gives insight on some of the methods criminals use to abuse the financial system. The nine case studies illustrate different types of criminal activities and demonstrate how the FIC’s financial intelligence reports are pivotal in helping to solve a crime or secure a prosecution. |
 | Money Laundering Typologies and Indicators Published Date : 2018-03-09 - File Size:
0.41 MB
This publication provides indicators developed from case studies to assist the reader in identifying potential criminal financial activity. In this publication the FIC uses case studies to illustrate how criminal incidents can occur and how criminals operate. |
 | Minister Gigaba congratulates Advocate XJ Khanyile Published Date : 2017-12-22 - File Size:
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The Minister of Finance, Malusi Gigaba, has congratulated Advocate Xolisile Jennifer Khanyile on her appointment as the Director of the Financial Intelligence Centre (FIC). Advocate Khanyile's appointment will be effective from the first of January 2018. |
 | FATF agrees to end South Africa’s mutual evaluation follow-up process Published Date : 2017-11-13 - File Size:
0.37 MB
The National Treasury and the Financial Intelligence Centre (FIC) welcome the decision taken by the Financial Action Task Force (FATF) at its Plenary meeting held in Buenos Aires, Argentina on 1 to 3 November 2017 to remove South Africa from its targeted follow-up process. |
 | Guidance on the implementation of aspects of the Financial Intelligence Centre Act Published Date : 2017-10-02 - File Size:
0.14 MB
The Financial Intelligence Centre (FIC) in collaboration with the National Treasury, the South African Reserve Bank and the Financial Services Board has published Guidance Note 7 (link) to support accountable institutions and supervisory bodies in the implementation of the Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001) (the FIC Act). |
 | Outcomes of the June 2017 meeting of the Financial Action Task Force Published Date : 2017-06-29 - File Size:
0.38 MB
South Africa participated in the third meeting of the Financial Action Task Force (FATF) session XXVIII, under the Spanish Presidency in Valencia from 18 to 23 June 2017. At this meeting the FATF continued work on a number of important initiatives relating to its mandate to promote effective implementation of measures against money laundering, terrorist financing and other related threats to the integrity of the international financial system. |
 | Draft guidance on the implementation of new measures to be introduced by the FIC Amendment Act Published Date : 2017-06-15 - File Size:
1.00 MB
The Financial Intelligence Centre (the Centre) in collaboration with the National Treasury, South African Reserve Bank and Financial Services Board has published draft guidance that will be required to support the implementation of the Financial Intelligence Centre Amendment Act, 2017 (Act No. 1 of 2017) (the Amendment Act) when it takes effect. |
 | Notice: publication of FIC Amendment Act draft guidance Published Date : 2017-06-15 - File Size:
0.23 MB
The Financial Intelligence Centre is today publishing draft guidance to initiate a discussion with accountable institutions on the guidance that will be required to implement the new provisions that will become part of the FIC Act when the relevant sections of the FIC Amendment Act come into operation on 2 October 2017. |
 | Minister signs FIC Amendment Act into operation Published Date : 2017-06-14 - File Size:
0.36 MB
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. |
 | FIC issues warning on scam payment release order letter Published Date : 2017-03-13 - File Size:
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The Financial Intelligence Centre (FIC) distances itself from a scam payment release order letter which has been put in circulation by criminal scamsters claiming that recipients stand to win or gain inheritance funds. |
 | FIC warns on scam certificate and letter Published Date : 2016-07-29 - File Size:
0.14 MB
The Financial Intelligence Centre (FIC) has become aware of a letter and “certificate” which make fraudulent use of the FIC logo and impersonate FIC staff. |
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