ISSUE PAPER ON GUIDANCE REQUIRED TO IMPLEMENT THE FINANCIAL INTELLIGENCE CENTRE AMENDMENT ACT, 2016

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Purpose of the Issue Paper

1. The Issue Paper is intended to elicit comments on aspects where accountable institutions will require guidance when the amendments to the Financial Intelligence Centre Act, 2001 (the FIC Act), to be introduced by the Financial Intelligence Amendment Act, 2016 (the Amendment Act), take effect.

2. The focus areas identified in the Issue Paper are not the actual guidance which the Financial Intelligence Centre (the Centre) will issue on the areas identified. The views and proposals contained in this Issue Paper should therefore not be regarded as the Centre’s final position on any particular matter. 

Read moreISSUE PAPER ON GUIDANCE REQUIRED TO IMPLEMENT THE FINANCIAL INTELLIGENCE CENTRE AMENDMENT ACT, 2016

ISSUE PAPER ON GUIDANCE REQUIRED TO IMPLEMENT THE FINANCIAL INTELLIGENCE CENTRE AMENDMENT ACT, 2016

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26 AUGUST 2016

Purpose of the Issue Paper

1. The Issue Paper is intended to elicit comments on aspects where accountable institutions will require guidance when the amendments to the Financial Intelligence Centre Act, 2001 (the FIC Act), to be introduced by the Financial Intelligence Amendment Act, 2016 (the Amendment Act), take effect.

2. The focus areas identified in the Issue Paper are not the actual guidance which the Financial Intelligence Centre (the Centre) will issue on the areas identified. The views and proposals contained in this Issue Paper should therefore not be regarded as the Centre’s final position on any particular matter. 

Read moreISSUE PAPER ON GUIDANCE REQUIRED TO IMPLEMENT THE FINANCIAL INTELLIGENCE CENTRE AMENDMENT ACT, 2016

INFORMATION SESSIONS TO ASSIST ESTATE AGENTS WITH THE NEW REGISTRATION AND REPORTING SYSTEM OF THE FINANCIAL INTELLIGENCE CENTRE.

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Invitation

The Financial Intelligence Centre (FIC) will be hosting two interactive information sessions, where we will be demonstrating how to update your entity registration and the adding of users on the FIC’s new registration and reporting system called goAML.  

Read moreINFORMATION SESSIONS TO ASSIST ESTATE AGENTS WITH THE NEW REGISTRATION AND REPORTING SYSTEM OF THE FINANCIAL INTELLIGENCE CENTRE.

SSETA DISCRETIONARY GRANT ROADSHOW

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The SSETA are inviting Stakeholders a roadshow to discuss and share information on the forthcoming discretionary grant funding window. These grants are intended to meet the sector needs as set out in the Sector Skills Plan (SSP), Strategic Plan and the priorities outlined in the National Skills Development Strategy III (NSDSIII).

Please see invitation below

2016 17 DG Grant Advert invite for 2016

 

The details of the roadshow are as follows:

Read moreSSETA DISCRETIONARY GRANT ROADSHOW

Will Upstream and AMP solve real estate’s tech woes?

Many say the value of today’s real estate agents lies not in controlling consumers’ access to data, but in making that data understandable and useful.

But agents’ most important technology tools — multiple listing services — are stuck with retrograde technology and an unwillingness to do one thing that would likely make agents’ lives easier: consolidate.

Two initiatives from the National Association of Realtors may help with one issue, but those initiatives might simultaneously exacerbate the other issue, according to a Data-Sharing_Dilemmas-CCRE_Whitepaper.

“The MLS simply has not evolved with how real estate needs to be practiced today, with severe fragmentation complicating the progress of a modern, industry-owned model for modern times,” the report said.

National Association of Realtors South African Visit

On 10 August a high level delegation of the National Association of Realtors (NAR) representatives visited South Africa and were hosted by IEASA and REBOSA.

The National Association of REALTORS®, is the largest trade association and one of the most powerful lobbying groups in North America, representing over 1.2 million members, including NAR’s institutes, societies and councils.  NAR is involved in all aspects of the residential and commercial real estate industries and also functions as a self-regulatory organisation for real estate brokerage.

On 7 November 2014, REBOSA entered into a bilateral cooperation agreement with the NAR and was admitted as a global alliance partner.  The NAR has an extensive global network, maintaining partnerships with 80 Associations in 60 Countries.

The delegation included:-

President, Mr Tom Salomone

2015 Immediate Past President, Mr Chris Polychron

CEO, Mr Dale Stinton

Senior VP of Global, Resort, Commercial Divisions, Ms Janet Branton

President’s Liaison/South Africa, Ms Nancy Macaluso

This is the first time a delegation of this size or magnitude has visited the African Continent, or South Africa.

Rebosa hosted an event for the NAR at the Table Bay Hotel on 10 August.

PROGRAMME

Welcome by Dr Andrew Golding, Chairperson REBOSA

ABSA Presentation by Mr Dawid Malan, Head: Strategic Stakeholder Engagement ABSA

Private Property Presentation by Mr Simon Bray, CEO of Private Property

Presentation by Mr Tom Salomone, President – NAR on “A changing Industry – the relevance of the Estate Agent.

All presentations can be viewed below.

1.Absa Presentation REBOSA Event 10 August 2016

2.Private Property Presentation Rebosa Event 10 August