Directives 4

2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system

1 September 2023

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FIC

Financial Intelligence Centre

WEB NOTICE

Ref: 9/8/1/5

DRAFT DIRECTIVE ON THE USAGE OF AN AUTOMATED TRANSACTION MONITORING SYSTEM FOR THE DETECTION AND SUBMISSION OF REGULATORY REPORTS

(Friday, 1 March 2019): The Financial Intelligence Centre (FIC) has issued Draft Directive 5/2019 on the usage of an automated transaction monitoring system for the detection and submission of regulatory reports to the FIC in terms of section 29 of the FIC Act, 2001 (Act 38 of 2001).

The FIC has consulted with the Prudential Authority of the South African Reserve Bank on the draft directive, as required by section 43A of the FIC Act.

Comment is invited on the draft directive, to reach the FIC by no later than Friday, 22 March 2019. Please e-mail comments to the FIC via Consult@fic.gov.za.

For any other queries please contact the FIC's Compliance Contact Centre on 012 641 6000, select option 1, or submit a web query by clicking on: http://www.fic.gov.za/ContactUs/Pages/ComplianceQueries.aspx

Issued by:

The Financial Intelligence Centre

Relationships in

refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 37
(either manually by reviewing statements daily/as and when transactions occur or automatically through an automated transaction monitoring system) to identify possible reportable transactions (refer to Directive 5 and PCC 45).
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 3
"Days" refer to all days of the week excluding Saturdays, Sundays and public holidays (aligned to the definition as set out in the MLTFC Regulations)
related to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 4
This PCC must be read together with Directive 5.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 22
Refer to the Centre's Directive 5 read together with PCC 45.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 37
(either manually by reviewing statements daily/as and when transactions occur or automatically through an automated transaction monitoring system) to identify possible reportable transactions (refer to Directive 5 and PCC 45).
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 3
"Days" refer to all days of the week excluding Saturdays, Sundays and public holidays (aligned to the definition as set out in the MLTFC Regulations)
related to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 4
This PCC must be read together with Directive 5.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 22
Refer to the Centre's Directive 5 read together with PCC 45.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 37
(either manually by reviewing statements daily/as and when transactions occur or automatically through an automated transaction monitoring system) to identify possible reportable transactions (refer to Directive 5 and PCC 45).
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 3
"Days" refer to all days of the week excluding Saturdays, Sundays and public holidays (aligned to the definition as set out in the MLTFC Regulations)
related to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 4
This PCC must be read together with Directive 5.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 22
Refer to the Centre's Directive 5 read together with PCC 45.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 37
(either manually by reviewing statements daily/as and when transactions occur or automatically through an automated transaction monitoring system) to identify possible reportable transactions (refer to Directive 5 and PCC 45).
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 3
"Days" refer to all days of the week excluding Saturdays, Sundays and public holidays (aligned to the definition as set out in the MLTFC Regulations)
related to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 4
This PCC must be read together with Directive 5.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 22
Refer to the Centre's Directive 5 read together with PCC 45.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 37
(either manually by reviewing statements daily/as and when transactions occur or automatically through an automated transaction monitoring system) to identify possible reportable transactions (refer to Directive 5 and PCC 45).
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 3
"Days" refer to all days of the week excluding Saturdays, Sundays and public holidays (aligned to the definition as set out in the MLTFC Regulations)
related to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 4
This PCC must be read together with Directive 5.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 22
Refer to the Centre's Directive 5 read together with PCC 45.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 37
(either manually by reviewing statements daily/as and when transactions occur or automatically through an automated transaction monitoring system) to identify possible reportable transactions (refer to Directive 5 and PCC 45).
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 3
"Days" refer to all days of the week excluding Saturdays, Sundays and public holidays (aligned to the definition as set out in the MLTFC Regulations)
related to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 4
This PCC must be read together with Directive 5.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 22
Refer to the Centre's Directive 5 read together with PCC 45.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 37
(either manually by reviewing statements daily/as and when transactions occur or automatically through an automated transaction monitoring system) to identify possible reportable transactions (refer to Directive 5 and PCC 45).
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 3
"Days" refer to all days of the week excluding Saturdays, Sundays and public holidays (aligned to the definition as set out in the MLTFC Regulations)
related to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 4
This PCC must be read together with Directive 5.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 22
Refer to the Centre's Directive 5 read together with PCC 45.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 37
(either manually by reviewing statements daily/as and when transactions occur or automatically through an automated transaction monitoring system) to identify possible reportable transactions (refer to Directive 5 and PCC 45).
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 3
"Days" refer to all days of the week excluding Saturdays, Sundays and public holidays (aligned to the definition as set out in the MLTFC Regulations)
related to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 4
This PCC must be read together with Directive 5.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 22
Refer to the Centre's Directive 5 read together with PCC 45.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 37
(either manually by reviewing statements daily/as and when transactions occur or automatically through an automated transaction monitoring system) to identify possible reportable transactions (refer to Directive 5 and PCC 45).
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 3
"Days" refer to all days of the week excluding Saturdays, Sundays and public holidays (aligned to the definition as set out in the MLTFC Regulations)
related to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 4
This PCC must be read together with Directive 5.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 22
Refer to the Centre's Directive 5 read together with PCC 45.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 37
(either manually by reviewing statements daily/as and when transactions occur or automatically through an automated transaction monitoring system) to identify possible reportable transactions (refer to Directive 5 and PCC 45).
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 3
"Days" refer to all days of the week excluding Saturdays, Sundays and public holidays (aligned to the definition as set out in the MLTFC Regulations)
related to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 4
This PCC must be read together with Directive 5.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 22
Refer to the Centre's Directive 5 read together with PCC 45.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 37
(either manually by reviewing statements daily/as and when transactions occur or automatically through an automated transaction monitoring system) to identify possible reportable transactions (refer to Directive 5 and PCC 45).
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 3
"Days" refer to all days of the week excluding Saturdays, Sundays and public holidays (aligned to the definition as set out in the MLTFC Regulations)
related to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 4
This PCC must be read together with Directive 5.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 22
Refer to the Centre's Directive 5 read together with PCC 45.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 37
(either manually by reviewing statements daily/as and when transactions occur or automatically through an automated transaction monitoring system) to identify possible reportable transactions (refer to Directive 5 and PCC 45).
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 3
"Days" refer to all days of the week excluding Saturdays, Sundays and public holidays (aligned to the definition as set out in the MLTFC Regulations)
related to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 4
This PCC must be read together with Directive 5.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 22
Refer to the Centre's Directive 5 read together with PCC 45.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 37
(either manually by reviewing statements daily/as and when transactions occur or automatically through an automated transaction monitoring system) to identify possible reportable transactions (refer to Directive 5 and PCC 45).
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 3
"Days" refer to all days of the week excluding Saturdays, Sundays and public holidays (aligned to the definition as set out in the MLTFC Regulations)
related to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 4
This PCC must be read together with Directive 5.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 22
Refer to the Centre's Directive 5 read together with PCC 45.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 37
(either manually by reviewing statements daily/as and when transactions occur or automatically through an automated transaction monitoring system) to identify possible reportable transactions (refer to Directive 5 and PCC 45).
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 3
"Days" refer to all days of the week excluding Saturdays, Sundays and public holidays (aligned to the definition as set out in the MLTFC Regulations)
related to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 4
This PCC must be read together with Directive 5.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 22
Refer to the Centre's Directive 5 read together with PCC 45.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 37
(either manually by reviewing statements daily/as and when transactions occur or automatically through an automated transaction monitoring system) to identify possible reportable transactions (refer to Directive 5 and PCC 45).
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 3
"Days" refer to all days of the week excluding Saturdays, Sundays and public holidays (aligned to the definition as set out in the MLTFC Regulations)
related to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 4
This PCC must be read together with Directive 5.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 22
Refer to the Centre's Directive 5 read together with PCC 45.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 37
(either manually by reviewing statements daily/as and when transactions occur or automatically through an automated transaction monitoring system) to identify possible reportable transactions (refer to Directive 5 and PCC 45).
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 3
"Days" refer to all days of the week excluding Saturdays, Sundays and public holidays (aligned to the definition as set out in the MLTFC Regulations)
related to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 4
This PCC must be read together with Directive 5.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 22
Refer to the Centre's Directive 5 read together with PCC 45.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 37
(either manually by reviewing statements daily/as and when transactions occur or automatically through an automated transaction monitoring system) to identify possible reportable transactions (refer to Directive 5 and PCC 45).
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 3
"Days" refer to all days of the week excluding Saturdays, Sundays and public holidays (aligned to the definition as set out in the MLTFC Regulations)
related to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 4
This PCC must be read together with Directive 5.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 22
Refer to the Centre's Directive 5 read together with PCC 45.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 37
(either manually by reviewing statements daily/as and when transactions occur or automatically through an automated transaction monitoring system) to identify possible reportable transactions (refer to Directive 5 and PCC 45).
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 3
"Days" refer to all days of the week excluding Saturdays, Sundays and public holidays (aligned to the definition as set out in the MLTFC Regulations)
related to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 4
This PCC must be read together with Directive 5.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 22
Refer to the Centre's Directive 5 read together with PCC 45.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 37
(either manually by reviewing statements daily/as and when transactions occur or automatically through an automated transaction monitoring system) to identify possible reportable transactions (refer to Directive 5 and PCC 45).
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 3
"Days" refer to all days of the week excluding Saturdays, Sundays and public holidays (aligned to the definition as set out in the MLTFC Regulations)
related to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 4
This PCC must be read together with Directive 5.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 22
Refer to the Centre's Directive 5 read together with PCC 45.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 37
(either manually by reviewing statements daily/as and when transactions occur or automatically through an automated transaction monitoring system) to identify possible reportable transactions (refer to Directive 5 and PCC 45).
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 3
"Days" refer to all days of the week excluding Saturdays, Sundays and public holidays (aligned to the definition as set out in the MLTFC Regulations)
related to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 4
This PCC must be read together with Directive 5.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 22
Refer to the Centre's Directive 5 read together with PCC 45.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 37
(either manually by reviewing statements daily/as and when transactions occur or automatically through an automated transaction monitoring system) to identify possible reportable transactions (refer to Directive 5 and PCC 45).
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 3
"Days" refer to all days of the week excluding Saturdays, Sundays and public holidays (aligned to the definition as set out in the MLTFC Regulations)
related to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 4
This PCC must be read together with Directive 5.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 22
Refer to the Centre's Directive 5 read together with PCC 45.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 37
(either manually by reviewing statements daily/as and when transactions occur or automatically through an automated transaction monitoring system) to identify possible reportable transactions (refer to Directive 5 and PCC 45).
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 3
"Days" refer to all days of the week excluding Saturdays, Sundays and public holidays (aligned to the definition as set out in the MLTFC Regulations)
related to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 4
This PCC must be read together with Directive 5.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 22
Refer to the Centre's Directive 5 read together with PCC 45.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 37
(either manually by reviewing statements daily/as and when transactions occur or automatically through an automated transaction monitoring system) to identify possible reportable transactions (refer to Directive 5 and PCC 45).
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 3
"Days" refer to all days of the week excluding Saturdays, Sundays and public holidays (aligned to the definition as set out in the MLTFC Regulations)
related to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 4
This PCC must be read together with Directive 5.
refers to
2019.3 – GN – Website Notice Directive 5 on the usage of an automated transaction monitoring system | page 22
Refer to the Centre's Directive 5 read together with PCC 45.

Relationships out

No relationships recorded.

Linked legislation

refers to
Financial Intelligence Centre Act 38 of 2001 | page 1
The FIC has consulted with the Prudential Authority of the South African Reserve Bank on the draft directive, as required by section 43A of the FIC Act.
refers to
Financial Intelligence Centre Act 38 of 2001 | page 1
The FIC has consulted with the Prudential Authority of the South African Reserve Bank on the draft directive, as required by section 43A of the FIC Act.
refers to
Financial Intelligence Centre Act 38 of 2001 | page 1
The FIC has consulted with the Prudential Authority of the South African Reserve Bank on the draft directive, as required by section 43A of the FIC Act.
refers to
Financial Intelligence Centre Act 38 of 2001 | page 1
The FIC has consulted with the Prudential Authority of the South African Reserve Bank on the draft directive, as required by section 43A of the FIC Act.
refers to
Financial Intelligence Centre Act 38 of 2001 | page 1
The FIC has consulted with the Prudential Authority of the South African Reserve Bank on the draft directive, as required by section 43A of the FIC Act.
refers to
Financial Intelligence Centre Act 38 of 2001 | page 1
The FIC has consulted with the Prudential Authority of the South African Reserve Bank on the draft directive, as required by section 43A of the FIC Act.
refers to
Financial Intelligence Centre Act 38 of 2001 | page 1
The FIC has consulted with the Prudential Authority of the South African Reserve Bank on the draft directive, as required by section 43A of the FIC Act.
refers to
Financial Intelligence Centre Act 38 of 2001 | page 1
The FIC has consulted with the Prudential Authority of the South African Reserve Bank on the draft directive, as required by section 43A of the FIC Act.
refers to
Financial Intelligence Centre Act 38 of 2001 | page 1
The FIC has consulted with the Prudential Authority of the South African Reserve Bank on the draft directive, as required by section 43A of the FIC Act.
refers to
Financial Intelligence Centre Act 38 of 2001 | page 1
The FIC has consulted with the Prudential Authority of the South African Reserve Bank on the draft directive, as required by section 43A of the FIC Act.
refers to
Financial Intelligence Centre Act 38 of 2001 | page 1
The FIC has consulted with the Prudential Authority of the South African Reserve Bank on the draft directive, as required by section 43A of the FIC Act.
refers to
Financial Intelligence Centre Act 38 of 2001 | page 1
The FIC has consulted with the Prudential Authority of the South African Reserve Bank on the draft directive, as required by section 43A of the FIC Act.
refers to
Financial Intelligence Centre Act 38 of 2001 | page 1
The FIC has consulted with the Prudential Authority of the South African Reserve Bank on the draft directive, as required by section 43A of the FIC Act.

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