Financial Intelligence Centre – Information You Need To Know
2 October 2017 is the commencement date for the FIC Amendment Act.
Rebosa has gone to great expense to get our attorneys to develop a real estate industry specific Risk Management Compliance Programme (“RMCP”) Template and Guidelines. This will help you with the new FIC reporting procedures and requirements and you will be able to modify the template to suit your specific needs.
We will ensure you receive this template before the deadline.
In a joint statement released by National Treasury and the Financial Intelligence Centre it states that “The relevant supervisory bodies will, even after 2 October 2017, continue regular engagements with the relevant industries to determine a timetable for full compliance, and monitor progress on such compliance. Various consultations with the industry and supervisory bodies have been taking place this year.”