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Link to Targeted Financial Sanctions page on the FIC website

Publish date: 12 April 2019
Issue Number: 66
Diary: CompliNEWS
Category: AML

The Targeted Financial Sanctions (TFS) List, developed by the Financial Intelligence Centre (FIC), contains the available identity particulars of persons and entities referred to in the Notice published by the Director. The FIC will maintain an updated TFS List on its website of any additions or deletions to the information as and when information to that effect is received from the United Nations Security Council.

The TFS measures restrict sanctioned persons and entities from having access to funds and property under their control and from receiving financial services in relation to such funds and property in accordance with s 26B of the FIC Act.

Sections in the Financial Intelligence Centre Act 38 of 2001 (FIC Act), relating to TFS, came into effect on 1 April 2019.

The FIC page contains information on TFS, the aim of TFS is to enforce the South African legal requirement for the implementation of TFS and applicable TFS regimes under the United Nations Security Council, Chapter V​II, Article 41 of the UN Charter.

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