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
No relationships recorded.
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Cross-references
Low confidenceGuidance Note 7
"⁴ A risk scale (sometimes referred to as risk ratings) refers to classification of clients into categories e."
Linked legislation
Cross-references
Low confidenceFinancial Intelligence Centre Act 38 of 2001 45C
"mained in force in terms of the FIC Act, are non-compliant with the FIC Act, and may be subject to administrative sanctions in the discretion of the relevant supervisory body in terms of section 45C of the FIC Act. 3.2 This position regarding the consequence of non-compliance applies to all other accountable and reporting institutions. ## 4. GENERAL 4.1. The Centre has a dedicated Compliance Ca"
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.