Section 1: Definitions

# 1. Definitions

In these regulations "the Act" means the Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001), and, unless the context otherwise indicates, any word or expression to which a meaning has been assigned in the Act has that meaning, and—

"cash threshold report" means a report which must be submitted by accountable and reporting institutions in terms of section 28 of the Act;

"Close corporation" . . . .

"days" for the purpose of regulation 24, means all days of the week excluding Saturdays, Sundays and public holidays;

"Foreign company" . . . .

"guidance" means guidance issued by the Centre in terms of regulation 28;

"international funds transfer report" means a report which must be submitted in terms of section 31 of the Act;

"Identification document" . . . .

"manager" . . . .

"property associated with terrorist and related activities" means property referred to in section 28A(1)(a) and (b) of the Act;

"reporter" means—

(a) an accountable institution or reporting institution making a cash threshold report under section 28 of the Act as contemplated in regulation 22C;

(b) an accountable institution making a terrorist property report under section 28A of the Act as contemplated in regulation 22A;

(c) a natural or legal person making a suspicious or unusual transaction report, suspicious or unusual activity report, terrorist financing transaction report or terrorist financing activity report, under section 29 of the Act as contemplated in regulations 23, 23A, 23B or 23C, or other entity on whose behalf such a report is made; and

(d) an accountable institution making an international funds transfer report under section 31 of the Act as contemplated in regulation 23E.

"South African company" . . . .

"suspicious or unusual transaction or series of transactions" . . . .

"suspicious or unusual activity report" means a report which must be submitted—

(a) in terms of section 29(1) of the Act in respect of the proceeds of unlawful activities or money laundering where the report relates to an activity which does not involve a transaction between two or more parties, or

(b) in terms of section 29(2) of the Act in respect of a transaction or a series of transactions about which enquiries are made, but which has not been concluded;

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"Suspicious or unusual transaction report" means a report which must be submitted in terms of section 29(1) of the Act in respect of the proceeds of unlawful activities or money laundering where the report relates to a transaction or series of transactions between two or more parties;

"terrorist financing activity report" means a report which must be submitted—

(a) in terms of section 29(1) of the Act in respect of the financing of terrorism and related activities where the report relates to an activity which does not involve a transaction between two or more parties, or

(b) in terms of section 29(2) of the Act in respect of a transaction or a series of transactions about which enquiries are made, but which has not been concluded;

"terrorist financing transaction report" means a report which must be submitted in terms of section 29(1) of the Act in relation to the financing of terrorism and related activities where the report relates to a transaction or series of transactions between two or more parties;

"Terrorist property report" means a report which must be submitted in terms of section 28A of the Act;

"the Amendment Act" means the Financial Intelligence Centre Amendment Act, 2008 (Act 11 of 2008);

"trust".