More changes to FIC guidance notes

Comment is sought by 15 February 2019 on proposed amendments to a Financial Intelligence Centre guidance note on terrorist financing and terrorist property reporting obligations, CompliNEWS contributor Pam Saxby reports. The revised note will take effect upon commencement of sections 26A, 26B and 26C of the Financial Intelligence Centre Act 38 of 2001, and has implications for reporting requirements prescribed in section 28A(1)(c), inserted by section 20 of the 2017 Amendment Act but not yet in force. Against that backdrop, the amendments proposed focus on references in the original note to the UN and resolutions adopted by its security council.