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.

The Financial Action Task Force (FATF) identifies jurisdictions that have strategic deficiencies in their measures against money laundering and terrorist financing. The FATF advises on these jurisdictions in public statements in order to protect the international financial system from money laundering and terror financing risks and to encourage greater compliance with its international standards on combating money laundering and terror financing.

The Financial Intelligence Centre (FIC) is calling for comments from non-profit organisations (NPO) and other persons on the draft Public Compliance Communication 103. (draft PCC 103).

The Financial Intelligence Centre (FIC) together with the National Payment System Department (NPSD) of the South African Reserve Bank (SARB) are calling for comment on (i) SARB FATF EFT draft Directive 1 of 2019 (draft Directive 1), (ii) the FIC draft Guidance Note 102 (draft GN102), as well as (iii) their joint consultation paper.

The Financial Action Task Force (FATF) identifies jurisdictions that have strategic deficiencies in their measures against money laundering and terrorist financing.

South Africa participated in the third meeting of the Financial Action Task Force (FATF) session under the Unites States of America (USA) Presidency in Orlando. United States of America, from 16 to 21 June 2019.

The Minister of Finance has announced the date of 1 April 2019 as the date that the sections in the Financial Intelligence Centre Act, 2001 (FIC Act) relating to targeted financial sanction (TFS) come into effect.

The Financial Intelligence Centre (FIC) has issued Directive 5/2019 on the use of an automated transaction monitoring system for the detection and submission of regulatory reports to the FIC in terms of section 29 of the Financial Intelligence Centre Act, 2001 (Act 38 of 2001).

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’.

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).

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.

South Africa participated in the second meeting of the Financial Action Task Force (FATF) session under the Unites States of America (USA) Presidency in Paris, France, from 17 to 22 February 2019.

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).

The Financial Intelligence Centre (FIC) has updated existing guidance relating to terrorist property reporting (TPR) in terms of section 28A of the Financial Intelligence Centre Act, 2001 (Act 38 of 2001) (FIC Act).

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.

The Financial Intelligence Centre (FIC) has issued Draft Public Compliance Communication 31A (PCC31A) 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) (FIC Act).

South Africa participated in the first meeting of the Financial Action Task Force (FATF) session under the Unites States of America (USA) Presidency in Paris, France, from 14 to 19 October 2018.

This is an unofficial text of the Financial Intelligence Centre Act, 2001 and the Money Laundering and Terrorist Financing Control Regulations

The Financial Intelligence Centre (FIC) has issued Public Compliance Communication 39 (PCC 39) which provides guidance to mandated entities regarding access to reporting information held by the FIC.

ADVISORY: Financial Action Task Force statements on jurisdictions with strategic anti-money laundering and counter-terror financing deficiencies – June 2018.

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.

The online system comes into operation on Thursday, 31 May 2018. After this date, the FIC will not be able to process queries sent via the FIC feedback inbox.

Updated guidance on registration with the Financial Intelligence Centre in terms of Section 43b of the Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001) by accountable and reporting institutions and acquisition of login credentials by any other business with a reporting obligation under the Act

The Financial Intelligence Centre (FIC) has updated PCC38 in line with the amendments to the relevant sections and has published PCC38A.

Outcomes of the February 2018 meeting of the Financial Action Task Force

NOTICE: Updated Guidance on the mode of communication regarding Sections 27, 32, 34 And 35 of the Financial Intelligence Centre Act (Act No. 38 Of 2001)

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.

The Financial Intelligence Centre (FIC) has issued a Notice which provides clarity regarding the status of Directives and Guidance Product issued before 2 October 2017.

South Africa participated in the first meeting of the Financial Action Task Force (FATF) session under the Argentinian Presidency in Buenos Aires from 29 October to 3 November 2017.

The Minister of Finance Malusi 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 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).

The Minister of Finance announced the coming into operation of the Financial Intelligence Centre Amendment Act, 2017 (Act No. 1 of 2017) (FIC Amendment Act) on 13 June 2017. The implementation of different provisions of the FIC Amendment Act start on different dates, that is, 13 June 2017 and 2 October 2017.

The Financial Intelligence Centre (FIC) is reminding members of the public that today is the last day to submit comments on documents published for the implementation of the FIC Amendment Act.

The Financial Action Task Force (FATF) identifies jurisdictions that have strategic deficiencies in their measures against money laundering and terror financing in order to protect the international financial system from money laundering and terror financing risks and to encourage greater compliance with its international standards on combating money laundering and terror financing.

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.

A fraudulent e-mail notice and ‘FUND TRANSFER STOP ORDER’ certificate and bearing the Financial Intelligence Centre’s (FIC’s) brand has surfaced.

The Financial Intelligence Centre (FIC) is pleased that the Financial Intelligence Centre Amendment Act has been signed by the President.

Institutions given guidance on responding to requests for information from the Financial Intelligence Centre

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.

South Africa participated in the second meeting of the Financial Action Task Force (FATF) session XXVIII, under the Spanish Presidency in Paris from 18 to 24 February 2017.

This notice explains the process to be applied by reporting entities when remediating or fixing failed and/or rejected batch reports on goAML.

In the FATF’s Public Statement, issued on 21 October 2016, the FATF draws attention to the risks emanating from deficiencies in the systems to combat money laundering and terror financing in the Democratic People’s Republic of Korea (DPRK) and the Islamic Republic of Iran (Iran)

NOTICE: Issue Paper on guidance required to implement the Financial Intelligence Centre Amendment Bill, 2016 published

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.

URGENT NOTICE: To accountable and reporting institutions on registration and reporting on the Financial Intelligence Centre’s existing registration and reporting platform