My Juta Pockets

Financial Intelligence Centre Act 38 of 2001 & Regulations

ISBN                9781485150374

Edition             5th edition

Year                 17 February 2023

Language        English

Category         Financial Sector Laws

Visit Now

Further Legislative Developments

  • Financial Intelligence Centre Act 38 of 2001: Heading of Chapter 3 and s. 56 substituted by the Financial Intelligence Centre Amendment Act 1 of 2017, with effect from 18 August 2023 (GN 3803 in GG 49140 of 18 August 2023)
  • Directive 6 of 2023: Submission of a risk and compliance return to the Financial Intelligence Centre by specified accountable institutions that are designated non-financial businesses and professions (GN 3252 in GG 48356 of 31 March 2023) (p18)
  • Directive 7 of 2023: Submission of a risk and compliance return to the Financial Intelligence Centre by specified accountable institutions (GN 3253 in GG 48356 of 31 March 2023) (p22)
  • 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 (GN 3257 in GG 48357 of 31 March 2023) (p3)

Proposed Future Developments

  • Joint Consultation Note relating to the Draft Directive 6/2022 read together with the Draft Public Compliance Communication 116 (Draft PCC 116) on screening of employees (GN 2319 in GG 47133 of 29 July 2022) (p16)
  • Notice of publication for comment of draft amendments to the Money Laundering and Terrorist Financing Control Regulations published for comment (GN 3922 in GG 49379 of 29 September 2023 (p143) & GN 4712 in GG 50450 of 8 April 2024 (p3))
  • General Intelligence Laws Amendment Bill, 2023 [B40-2023]

Contact: myjutapockets@juta.co.za