Public Compliance Communications 30
PCC - PCC 101 licensing conditions final draft for consultation
FOR CONSULTATION PURPOSES ONLY (page 2)
This public compliance communication cross-references 5 linked laws.
Consultation draft - not in force
This item is marked as draft or consultation material. It is kept for lineage and review, but should not be treated as binding guidance unless a final instrument is separately verified.
Relationships in
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Relationships out
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Linked legislation
Cross-references
Low confidenceFinancial Intelligence Centre Act 38 of 2001 2
"The Financial Intelligence Centre is established in terms of section 2 of the Financial Intelligence Centre Act, Act 38 of 2001"
Cross-references
Low confidenceFinancial Intelligence Centre Act 38 of 2001 45
"2.1 Section 45(1B)(e)(i) and (ii) of the FIC Act provides that a supervisory body, in meeting its responsibility referred to in section 45(1) of the FIC Act may issue or amend any licence, registration, approval or authorisation that the supervisory body may issue or grant in accordance with any Act, to include that an accountable institution;"
Document
FIC
Financial Intelligence Centre
PUBLIC COMPLIANCE COMMUNICATION
DRAFT PUBLIC COMPLIANCE COMMUNICATION No. 101 (PCC 101)
OF LICENSING, REGISTRATION, APPROVAL OR AUTHORISATION
CONDITIONS ISSUED BY SUPERVISORY BODIES TO
ACCOUNTABLE INSTITUTIONS, IN TERMS OF SECTION 45 AND
45(1B)(e) OF THE FINANCIAL INTELLIGENCE CENTRE ACT
(ACT NO. 38 OF 2001)
The Financial Intelligence Centre is established in terms of section 2 of the Financial Intelligence Centre Act, Act 38 of 2001
FOR CONSULTATION PURPOSES ONLY
The Financial Intelligence Centre (the Centre) provides the guidance contained in this Public Compliance Communication (PCC) in terms of its statutory function in terms of section 4(c) of the Financial Intelligence Centre Act, Act No. 38 of 2001, as amended (the FIC Act) read together with Regulation 28 of the Money Laundering and Terrorist Financing Control Regulations (the Regulations) issued in terms of the FIC Act.
Section 4(c) of the FIC Act empowers the Centre to provide guidance in relation to a number of matters concerning compliance with the obligations of the FIC Act. Guidance provided by the Centre is the only form of guidance formally recognised in terms of the FIC Act and the Regulations issued under the FIC Act. Accordingly, guidance provided by the Centre is authoritative in nature.