![]() ![]() Along with supervisory bodies, applying administrative sanctions where there is non-compliance.Issuing FIC and supervisory body directives.Providing for risk management and compliance programmes, governance and training on combating money laundering and terrorist financing.Sharing FIC and supervisory body information with competent authorities.Providing for implementation of financial sanctions and administering resolutions of the United Nations Security Council.Providing for a risk-based approach to client identification and verification. ![]() Providing for customer due diligence measures including regarding beneficial ownership.The FIC does this by, among other measures: The FIC does this by working towards fulfilling its mandate of assisting in identifying the proceeds of crime, combating money laundering, the financing of terrorism and the proliferation of weapons of mass destruction. The Financial Intelligence Centre (FIC) exists to apply measures outlined in the Financial Intelligence Centre Act, 2001 (Act 38 of 2001), which are intended to make the financial system intolerant to abuse. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |