Public Compliance Communications 32
PCC 47A - Guidance on the interpretation of legal practitioners
Guidance provided by the Centre is the only form of guidance formally recognised in terms of the FIC Act and the Regulations issued in terms of the FIC Act. (page 2)
This public compliance communication cross-references 3 linked laws.
Relationships in
No relationships recorded.
Relationships out
No relationships recorded.
Linked legislation
Cross-references
Low confidenceFinancial Intelligence Centre Act 38 of 2001 4
"The Centre will supervise and enforce compliance with the FIC Act obligations (anti-money laundering, combating of terrorist financing and combating of proliferation financing (AML, CFT and CPF) for legal practitioners in terms of section 4 of the FIC Act."
Cross-references
Low confidenceFinancial Intelligence Centre Act 38 of 2001
"Public compliance communication 47A guidance on the interpretation of item 1 of Schedule 1 of the Financial Intelligence Centre Act, 2001 (Act 38 of 2001) Page 7 of 8"
Used in the current RMCP catalogue
This publication is referenced by the current RMCP citation catalogue. The catalogue records the source URL, corpus SHA-256, publication status, and corpus sync timestamp used when RMCP starter documents are assembled.
- PCC 47A
Document
FIC
Financial Intelligence Centre
PUBLIC COMPLIANCE COMMUNICATION
PUBLIC COMPLIANCE COMMUNICATION No. 47A (PCC 47A)
GUIDANCE ON THE INTERPRETATION OF LEGAL PRACTITIONERS, ITEM 1 OF SCHEDULE 1 TO THE FINANCIAL INTELLIGENCE CENTRE ACT, 2001 (ACT 38 OF 2001) AND POTENTIAL RISK INDICATORS
Public compliance communication 47A guidance on the interpretation of item 1 of Schedule 1 of the Financial Intelligence Centre Act, 2001 (Act 38 of 2001)
PCC SUMMARY
A legal practitioner for purposes of item 1 of Schedule 1 to the Financial Intelligence Centre Act, 2001 (Act 38 of 2001) (FIC Act) includes “(a) A person who is admitted and enrolled to practise as a legal practitioner as contemplated in section 24(1) of the Legal Practice Act, 2014 (Act 28 of 2014) and who is– (i) an attorney (including a conveyancer or notary) practising for his or her own account as contemplated in section 34(5)(a) of that Act; or (ii) an advocate contemplated in section 34(2)(a)(ii) of that Act. (b) A commercial juristic entity, as contemplated in section 34(7) of the Legal Practice Act, 2014”.