Directives 10
Draft Directive 9 - Travel rule relating to crypto asset transfers
Draft Directive 9 – Travel rule relating to crypto asset transfers (page 1)
This directive cross-references 4 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
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Linked legislation
Cross-references
Low confidenceFinancial Intelligence Centre Act 38 of 2001 43A
"1.1 This Directive is issued by the Financial Intelligence Centre (Centre) in terms of section 43A(2) of the Financial Intelligence Centre Act, 2001 (Act 38 of 2001)."
Cross-references
Low confidenceFinancial Intelligence Centre Act 38 of 2001
"This Directive applies to those accountable institutions listed in items 12 and 22 of Schedule 1 to the FIC Act that facilitate or enable the origination or receipt of domestic and cross-border transfers of crypto assets or act as an intermediary in receiving or transmitting the crypto assets for or on behalf of a client."
Document
For consultation purposes only
FIC
Financial Intelligence Centre
DIRECTIVE 9
concerning the implementation of the "Travel Rule" relating to crypto asset transfers in accordance with the Financial Action Task Force Recommendations
18 April 2024
Directive 9 concerning the implementation of the "Travel Rule" relating to crypto asset transfers in accordance with the Financial Action Task Force Recommendations
For consultation purposes only
Directive No 9 of 2024
1. PURPOSE
1.1 This Directive is issued by the Financial Intelligence Centre (Centre) in terms of section 43A(2) of the Financial Intelligence Centre Act, 2001 (Act 38 of 2001).
1.2 The purpose of this Directive is to ensure that such accountable institutions that provide or engage in activities of crypto asset transfers, implement the requirements of Recommendation 16 of the Financial Action Task Force (FATF) in the context of crypto asset transfers.