Directives 6
Directive 5 of 2019 - Use of an automated transaction monitoring system (ATMS)
4.1 This Directive is effective from date of publication in the Government Gazette. (page 6)
This directive cross-references 4 linked laws.
Relationships in
Cross-references
Low confidenceDirective 5 of 2019 - Use of an automated transaction monitoring system (ATMS)
""Reporter" refers to the person or entity making the report, accountable institutions and reporting institutions."
Relationships out
No relationships recorded.
Linked legislation
Cross-references
Low confidenceFinancial Intelligence Centre Act 38 of 2001 29
"Directive 5/2019 of an Automated Transaction Monitoring System for the detection and submission of regulatory reports to the Financial Intelligence Centre in terms of the Section 29 of the Financial Intelligence Centre Act, 2001(Act No."
Document
FIC
Financial Intelligence Centre
DIRECTIVE 5/2019
THE USAGE OF AN AUTOMATED TRANSACTION MONITORING SYSTEM FOR THE DETECTION AND SUBMISSION OF REGULATORY REPORTS TO THE FINANCIAL INTELLIGENCE CENTRE IN TERMS OF SECTION 29 OF THE FINANCIAL INTELLIGENCE CENTRE ACT, 2001 (ACT NO. 38 OF 2001)
PREFACE
This Directive is issued by the Financial Intelligence Centre (the Centre) in terms of section 43A(1) of the Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001) (the FIC Act).
This Directive applies to all accountable and reporting institutions and to other persons (collectively referred to as reporters for purposes of this directive) who use an automated transaction monitoring system (ATMS) to enable them to discharge their obligation of submitting regulatory reports to the Centre in terms of section 29 of the FIC Act read with Regulation 24(3) of the Money Laundering and Terrorist Financing Control Regulations (the MLTFC Regulations).
This Directive consists of four parts:
1. Purpose of the Directive
2. Directive