Public Compliance Communications 4
PCC 01 - Establishment of PCCs
The purpose of this document is to establish the Public Compliance Communication (PCC) series of the Financial Intelligence Centre (the Centre), to describe what they will be and the reason for their publication. (page 1)
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REPUBLIC OF SOUTH AFRICA
PUBLIC COMPLIANCE COMMUNICATION No. 01 (PCC 01) - ESTABLISHMENT OF THE PUBLIC COMPLIANCE COMMUNICATION SERIES
Objective
The purpose of this document is to establish the Public Compliance Communication (PCC) series of the Financial Intelligence Centre (the Centre), to describe what they will be and the reason for their publication.
The purpose of the PCC is to provide an interpretation of issues arising out of the Financial Intelligence Centre Act, Act No.38 of 2001 (the FIC Act). The publication of this series of Public Compliance Communications falls within the function of providing guidance under section 4(c) of the FIC Act on the Centre's interpretation of the FIC Act, including the regulations.
Introduction
The Centre appreciates that the FIC Act can be a complex piece of legislation that may give rise to difficult questions regarding the interpretation of various provisions of the legislation.
The Centre, in an attempt to assist accountable institutions, has decided to address some of the difficult questions arising from the administration of the FIC Act and to
PUBLIC COMPLIANCE COMMUNICATION No. 01 (PCC 01)