Directives 5
Directive 1 of 2019 - SARB FATF electronic funds transfer (Annexure B)
# FOR CONSULTATION PURPOSES ONLY (page 1)
This directive supersedes 1 publication and cross-references 3 linked laws.
Consultation draft - not in force
This item is marked as draft or consultation material. It is kept for lineage and review, but should not be treated as binding guidance unless a final instrument is separately verified.
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Relationships out
Replaces
Confidence 0.85directive 1 of 2015
"6.1 This directive becomes effective on the date of publication thereof and replaces directive 1 of 2015 as of that date."
Linked legislation
Cross-references
Low confidenceFinancial Intelligence Centre Act 38 of 2001 43A
"1.1 The South African Reserve Bank (SARB) hereby issues this directive in terms of section 43A(2) of the Financial Intelligence Centre Act 38 of 2001 as amended (FIC Act) to provide for the conduct of accountable institutions relating to ‘wire transfers’ or electronic funds transfers as required by the Financial Action Task Force (FATF)."
Cross-references
Low confidence
Document
1
FOR CONSULTATION PURPOSES ONLY
Published under General Notice __________ in Government Gazette __________ of 2019
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South African Reserve Bank
Directive for conduct within the National Payment System in respect of the Financial Action Task Force Recommendations for electronic funds transfer
Directive no. 1 of 2019
1. Purpose
2. Definitions
3. Scope of this directive
4. Directive
5. Compliance declarations and inspections
6. Effective date and non-compliance
7. Conclusion
FOR CONSULTATION PURPOSES ONLY
1. Purpose
1.1 The South African Reserve Bank (SARB) hereby issues this directive in terms of section 43A(2) of the Financial Intelligence Centre Act 38 of 2001 as amended (FIC Act) to provide for the conduct of accountable institutions relating to ‘wire transfers’ or electronic funds transfers as required by the Financial Action Task Force (FATF).