Public Compliance Communications 9
PCC 25 - FSP scope
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 1)
This public compliance communication cross-references 3 linked laws.
Relationships in
No relationships recorded.
Relationships out
Read together with
Low confidencePCC 13 - Scope of item 12 of Schedule 1 relating to registered auditors
"This PCC should be read with PCC13 which deals with scope of item 12 in relation to registered auditors."
Linked legislation
Cross-references
Low confidenceFinancial Intelligence Centre Act 38 of 2001
"Item 12 of Schedule 1 to the FIC Act"
Cross-references
Low confidence
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 25
Document
financial intelligence centre
REPUBLIC OF SOUTH AFRICA
PUBLIC COMPLIANCE COMMUNICATION No. 25 (PCC 25) –
SCOPE OF ITEM 12 OF SCHEDULE 1 TO THE FINANCIAL INTELLIGENCE
CENTRE ACT, ACT NO. 38 OF 2001, AS AMENDED
The Financial Intelligence Centre (the Centre) provides the guidance contained in this Public Compliance Communication (PCC) in terms of its statutory function under 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 in terms of the FIC Act. Guidance provided by the Centre is authoritative in nature. An accountable institution must apply guidance issued by the Centre, or demonstrate an equivalent level of compliance with the relevant obligations under the FIC Act. It is important to note that enforcement action may emanate as a result of non-compliance with the FIC Act where an accountable institution does not follow guidance issued by the Centre and cannot demonstrate compliance with the legal obligations to which the guidance relates.