Directives 8
Directive 8 of 2023 - Screening of employees
3.1 This Directive becomes effective on date of publication in the Government Gazette. (page 4)
This directive cross-references 3 linked laws.
Relationships in
No relationships recorded.
Relationships out
No relationships recorded.
Linked legislation
Cross-references
Low confidenceFinancial Intelligence Centre Act 38 of 2001 26A
"2.4 An accountable institution must scrutinise information concerning its prospective employees and current employees upon notice being given by the Director under section 26A(3) of the FIC Act, to determine whether any such prospective employee or current employee, is a person mentioned in the notice by the Director."
Cross-references
Low confidenceFinancial Intelligence Centre Act 38 of 2001 43A
"2.1 This Directive is issued by the Financial Intelligence Centre (FIC) in terms of section 43A(1) of the Financial Intelligence Centre Act, 2001 (Act 38 of 2001) (the FIC Act."
Document
FIC
Financial Intelligence Centre
DIRECTIVE 8 of 2023
SCREENING OF EMPLOYEES FOR COMPETENCE AND INTEGRITY AND SCRUTINISING OF EMPLOYEE INFORMATION AGAINST APPLICABLE TARGETED FINANCIAL SANCTIONS LISTS AS A MONEY LAUNDERING, TERRORIST FINANCING AND PROLIFERATION FINANCING CONTROL MEASURE
March 2023
This Directive consists of four parts:
1. Purpose of the Directive
2. Directive
3. Effective date and non-compliance
Directive 8 on screening of employees for competence and integrity and scrutinising of employees against applicable sanctions lists as a money laundering, terrorist financing and proliferation financing control measure.
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Page 2 of 3
1. Purpose of the Directive
1.1 The purpose of this Directive is to require accountable institutions to screen prospective employees and current employees for competence and integrity, as well as to scrutinise employee information against the targeted financial sanctions lists, in order to identify, assess, monitor, mitigate and manage the risk of money laundering, terrorist financing and proliferation financing.