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SPONSORED | The Financial Intelligence Centre shares guidelines for property practitioners to document their company's controls against money-laundering and terrorist financing
International financial task force's report is stunning ... for all the wrong reasons. SA weakened and exposed to corruption, money laundering and terrorist financing.
SPONSORED | In terms of the FIC Act, accountable institutions such as estate agents are required to understand the beneficial ownership structure as part of their customer due diligence compliance obligations
FIC argues it is more than the court seal keeping CR17 bank records confidential 17 March 2021 - 12:23 By Franny Rabkin President Cyril Ramaphosa's CR17 bank records are back in the spotlight in court. File photo. Image: GCIS Even if the high court granted the EFF the court order they want to unseal the CR17 bank records, they would still be protected from public disclosure under the Financial Intelligence Centre (FIC) Act, counsel for the FIC said in court on Wednesday. The FIC was arguing to keep confidential its report and annexed bank statements obtained by p...
How SA's business community is helping to combat financial crime The Financial Intelligence Centre Act, 2001, sets out SA’s regulatory framework to combat money laundering and terrorist financing 05 February 2021 - 16:33 Sponsored The Financial Intelligence Centre Act, 2001, sets out the country’s regulatory framework to combat money laundering and terrorist financing. Image: Supplied/Financial Intelligence Centre A business community that fully understands financial crime, including money laundering and terrorist financing, is better equipped to respond ...