Home Anti Money Laundering

Anti Money Laundering

• List of documents in preparation of anti-money laundering compliance inspection
  • Introduction to the AML Inspections Meeting

 

• Guide: Combating Money Laundering and Financing of Terrorism
  • Guidance Note 4 on Suspicious Transaction Reporting
  • Exemptions in terms of the Financial Intelligence Centre Act, 38 of 2001
  • General Guidance Note Concerning Identification of Clients
  • Regulations in terms of Financial Intelligence Centre Act, 38 of 2001
  • Regulation 456 Amendment of MLC Regulations
  • Regulation 27A of the Money Laundering and Terrorist Financing Control Regulations

   

• Legislation
  • Financial Intelligence Centre Act 38 of 2001 (FICA)
  • Financial Advisory and Intermediary Services Act 37 of 2002 (FAIS)
  • Financial Intelligence Centre Amendment Act 11 of 2008
  • Prevention and Combatting of Corrupt Activities Act 12 of 2004 (PRECCA)
  • Prevention of Organised Crime Act 121 of 1998 (POCA)
  • Protection of Constitutional Democracy Against Terrorist and Related Activities Act 33 of 2004 (POCDATARA)

 

• Financial Action Task Force (FATF)
  • Plenary 2012/13: public statement regarding the new FATF
  • International standards on combatting money laundering and the financing of terrorism and proliferation
  • FATF 40 Recommendations (to be withdrawn)
  • FATF 9 Special Recommendations (to be withdrawn)
  • RBA Guidance for Accountants

 

• Organisation for Economic Co-operation and Development (OECD)
  • Phase 2 report SA July 2010

 

• Public Compliance Communications (PCC) of the Financial Intelligence Centre (FIC)

  24 February - The FIC has launched a new communication platform – a Public Compliance Communication (PCC) series. The PCC series is a tool that will facilitate a better understanding of the Financial Intelligence Centre Act, Act No 38 of 2001 (FIC Act) by all businesses, including accountable institutions, and will address some of the complex questions arising from the administration of the FIC Act and its subordinate legislation.

   

  • Press release regarding relevance of PCC's
  • PCC01 Establishment of PCC
  • PCC02 STR period for record keeping
  • PCC03 Identification and Verification Matters Relating to Account Opening Procedures for Asylum Seekers And Refugees
  • PCC06 Clarity on item 2 of Schedule 1 of the FIC Act
  • PCC05 Guidance Note on section 28 of the FIC Act

 

Frequently Asked Questions

 

Useful links

 

Financial Intelligence Centre: www.fic.gov.za

Financial Action Task Force: www.fatf-gafi.org

United Nations: www.un.org/en/

United Nations in South Africa: www.un.org.za

United Nations List of Suspected Terrorist Organisations and Individuals: www.un.org/sc/committees/1267/consolist.shtml