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) (p72)
• 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 published (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 published (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 published (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 published (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)
• General Intelligence Laws Amendment Bill, 2023 [B40-2023]

Contact: myjutapockets@juta.co.za