Public Compliance Communications 26
PCC 55 - Screening and scrutinising employees
4.1 The Directive 8 becomes effective and enforceable from date of publication in the Government Gazette, for both current and prospective employees. (page 8)
This public compliance communication cross-references 3 linked laws.
Relationships in
No relationships recorded.
Relationships out
Cross-references
Low confidencePCC 54 - Guidance on compliance measures aimed at combating proliferation financing
"Is a national of a high-risk TF or PF geographic area (refer to PCC 54)."
Linked legislation
Cross-references
Low confidenceFinancial Intelligence Centre Act 38 of 2001 26A
"All current employees at the time of Directive 8 being gazetted, must be scrutinised against notices issued by the Director under section 26A(3) of the FIC Act."
Cross-references
Document
FIC
Financial Intelligence Centre
PUBLIC COMPLIANCE COMMUNICATION
PUBLIC COMPLIANCE COMMUNICATION 55 ON DIRECTIVE 8 SCREENING OF EMPLOYEES FOR COMPETENCE AND INTEGRITY AND SCRUTINISING OF EMPLOYEE INFORMATION AGAINST TARGETED FINANCIAL SANCTIONS LISTS AS A MONEY LAUNDERING, TERRORIST FINANCING AND PROLIFERATION FINANCING CONTROL MEASURE
March 2023
PCC SUMMARY
This public compliance communication 55 (PCC 55) provides guidance to accountable institutions regarding the application of Directive 8 which deals with the screening of employees for competence and integrity as well as scrutinising of employee information against the targeted financial sanctions lists, as a money laundering (ML), terrorist financing (TF) and proliferation financing (PF) control measure.
THE AUTHORITATIVE NATURE OF GUIDANCE
The Financial Intelligence Centre (the Centre) provides the guidance contained in this PCC55 in terms of its statutory function in terms of section 4 (c) of the Financial Intelligence Centre Act, 2001 (Act 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.