Public Compliance Communications 1
PCC 46 - Guidance on the application of the FIC Act
This process must be completed by 31 May 2019. (page 7)
This public compliance communication cross-references 5 linked laws.
Relationships in
Replaced by
AI-assistedConfidence 1.0PCC 46 - Guidance on the application of the FIC Act
"Accountable institutions must demonstrate compliance with all the obligations as set out in the Financial Intelligence Centre Act, 2001 (Act 38 of 2001) (FIC Act), with the consequence of non-compliance resulting in possible administrative sanctions."
Amended by
AI-assistedConfidence 1.0PCC 46 - Guidance on the application of the FIC Act
"The FIC Act was amended by the FIC Amendment Act, of which certain provisions became effective and enforceable on 2 October 2017."
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Document
FSC
Financial Intelligence Centre
PUBLIC COMPLIANCE COMMUNICATION
PUBLIC COMPLIANCE COMMUNICATION
No 46 (PCC 46)
GUIDANCE ON THE COMMENCEMENT
AND ENFORCEMENT OF THE
FINANCIAL INTELLIGENCE CENTRE ACT
2001 (ACT 38 of 2001) AS AMENDED BY
THE FINANCIAL INTELLIGENCE CENTRE
AMENDMENT ACT, 2017
(ACT 1 of 2017)
FSCA
Financial Sector
Conduct Authority
South African Reserve Bank
Public Compliance Communication No 46
Page 2 of 4
PCC SUMMARY
This Public Compliance Communication (PCC) confirms the fact that all the obligations as brought about by the Financial Intelligence Centre Amendment Act, 2017 (Act 1 of 2017) (FIC Amendment Act) which commenced on 2 October 2017 are effective and enforceable.