Public Compliance Communications 31
Q and A on the launch of PCCs
A Public Compliance Communication (PCC) is a new tool that the Financial Intelligence Centre (the Centre) will introduce and use to publish its view on the meaning of certain provisions of the Financial Intelligence Centre Act No. (page 1)
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financial intelligence centre
REPUBLIC OF SOUTH AFRICA
Communications and Marketing Unit
Private Bag X177
Centurion 0046
www.fic.gov.za
Question and Answers
22 February 2010
The Financial Intelligence Centre launches a new communication platform – Public Compliance Communications
1. What is a Public Compliance Communication?
A Public Compliance Communication (PCC) is a new tool that the Financial Intelligence Centre (the Centre) will introduce and use to publish its view on the meaning of certain provisions of the Financial Intelligence Centre Act No. 38 of 2001 (the FIC Act) and its subordinate legislation.
2. What is the Centre's rationale in introducing the PCCs?
The guidance provided in the form of a PCC will be focused on very specific issues which arise from complexities concerning compliance with the FIC Act and its subordinate legislation.
3. Is there a difference between a Guidance Note and a PCC?
A PCC will be issued under section 4(c) of the FIC Act and has the same status as a Guidance Note. A PCC like a Guidance Note provides the Centre's view on a particular issue as well as practical application of the FIC Act. The Centre will continue publication of Guidance Notes in conjunction with the PCCs.