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More changes to FIC guidance notes

Publish date: 01 February 2019
Issue Number: 56
Diary: CompliNEWS
Category: Legislation

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.

Working Smart

By Lee Rossini

Although still in its infancy, the term agentic AI is being heard more frequently. It refers to AI that can act autonomously to achieve goals, make decisions, and adapt to changing environments with minimal human intervention. Unlike traditional AI models that respond only to direct prompts, agentic AI systems are designed with a sense of 'agency': they can plan, execute multi-step tasks, interact with other systems, and learn from outcomes. These systems often combine reasoning, memory, and tool usage, enabling them to operate more like digital collaborators than passive tools.