Financial Intelligence Centre

Priority as the Supervisory Body in terms of FICA

As a supervisory body in terms of FICA, the Estate Agemcy Affairs Board (EAAB) is empowered to act in the enforcement of the provisions of the act. This will be achieved through carrying out regular physical inspections.

26 AUGUST 2016

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

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26 AUGUST 2016

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


Wednesday, 17 August 2016: The Financial Intelligence Centre (the FIC) in consultation with National Treasury, South African Reserve Bank and the Financial Services Board has published an Issue Paper on guidance required to implement the FIC Amendment Bill, 2016, on the FIC’s website today. Click here to read the Issue Paper.

TO DOWNLOAD FULL DOCUMENT (SEE BELOW) AT BOTTOM OF PAGE

26 AUGUST 2016

REGISTRATION ON THE REGISTRATION AND REPORTING PLATFORM OF THE FINANCIAL INTELLIGENCE CENTRE (FIC) 

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FIC Information Series on the new Registration and Reporting platform
Part 1 -
Updating of existing registration information

Estate Agencies already registered with the FIC on the previous system

Estate agencies that were registered with the FIC on the previous system need to update their details on the new registration and reporting platform.

Using the address “goamlcommunication@fic.gov.za”, the FIC e-mailed a new entity registration identity, called an “Org ID”, to the Compliance Officer of registered estate agencies on the FIC database, in April 2016.

See download below for more information

FIC Information Series on the new Registration and Reporting platform
Part 2
– new registrations (for estate agencies not previously registered with the FIC)

New registrations - estate agencies not registered with the FIC

If you have not previously registered with the FIC please  follow the steps below to register successfully with the FIC:

See download below for more information

March 2016

IMPORTANT NOTIFICATIONS FROM THE FINANCIAL INTELLIGENCE CENTRE (FIC)

Directive 04/2016: Accountable and reporting institutions required to update registration related information to access the Financial Intelligence Centre’s new registration and reporting platform

Friday 04 March 2016: The Financial Intelligence Centre (FIC) is preparing to launch its new registration and reporting system, called goAML, to go live at the end of April 2016. To help facilitate the transition from our current registration platform to goAML, FIC is requesting accountable and reporting institutions take note of important arrangements and dates.

Institutions already registered with the FIC are required to update registration-related information which will include institution and user details. The FIC has issued a Directive advising the same (click here to access the Directive).

The FIC will provide existing registrants with an entity registration identity, also referred to as an “Org ID”. Upon receipt of the Org ID, institutions that are already registered on the FIC’s current system must utilise the Org ID to update their registration related information. Updating of registration related information will include institution and user details.

Updating of registration related information will commence on Wednesday, 30 March 2016 and will continue until Friday, 22 April 2016.

Queries on this and other compliance matters can be logged via a web query via the FIC’s website at www.fic.gov.za or directed to http://www.fic.gov.za/Secure/Queries.aspx or call 0860 222 200.

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March 2016

ARRANGEMENTS OUTLINED FOR ACCOUNTABLE AND REPORTING INSTITUTIONS NOT REGISTERED WITH FIC AS AT 7 March 2016, IN LATEST PUBLIC COMPLIANCE COMMUNICATION

The Financial Intelligence Centre (FIC) has issued Public Compliance Communication No 34, (click here to access PCC 34), which allows accountable and reporting institutions not registered as at 7 March 2016, to contact the FIC to obtain temporary login credentials. This will allow these institutions to submit a report to the FIC.

Using the temporary login credentials, accountable and reporting institutions will be able to submit the following reports to the FIC:

 Cash Threshold Reports in terms of section 28 of the FIC Act;
 Terrorist Property Reports in terms of section 28A of the FIC Act; and
 Suspicious and Unusual Transaction Reports in terms of section 29 of the FIC Act.

All temporary login credentials will lapse on Friday, 22 April 2016 at 17h00.

Queries on this and other compliance matters can be logged via the web portal on the FIC’s website at http://www.fic.gov.za/Secure/Queries.aspx or call 0860 222 200.


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Registration on the registration and reporting platform of the FIC
August 26, 2016
Registration on the registration and reporting platform of the FIC presentation slides below

ISSUE PAPER ON GUIDANCE REQUIRED TO IMPLEMENT THE FINANCIAL INTELLIGENCE CENTRE AMENDMENT ACT, 2016
August 26, 2016
26 AUGUST 2016 ISSUE PAPER ON GUIDANCE REQUIRED TO IMPLEMENT THE FINANCIAL INTELLIGENCE CENTRE AMENDMENT ACT, 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...

NOTICE ISSUE PAPER ON GUIDANCE REQUIRED TO IMPLEMENT THE FINANCIAL INTELLIGENCE CENTRE AMENDMENT BILL, 2016
August 26, 2016
Wednesday, 17 August 2016: The Financial Intelligence Centre (the FIC) in consultation with National Treasury, South African Reserve Bank and the Financial Services Board has published an Issue Paper on guidance required to implement the FIC Amendment Bill, 2016, on the FIC’s website today. Click here to read the Issue Paper.

FIC Information Series on the new Registration and Reporting platform Part 1 - Updating of existing registration information
June 20, 2016
Estate agencies that were registered with the FIC on the previous system need to update their details on the new registration and reporting platform.

FIC Information Series on the new Registration and Reporting platform Part 2 – new registrations (for estate agencies not previously registered with the FIC)
June 20, 2016
If you have not previously registered with the FIC please  follow the steps below to register successfully with the FIC:

Directive 04/2016: Accountable and reporting institutions required to update registration related information to access the Financial Intelligence Centre’s new registration and reporting platform
March 16, 2016
Directive 04/2016: Accountable and reporting institutions required to update registration related information to access the Financial Intelligence Centre’s new registration and reporting platform Friday 04 March 2016: The Financial Intelligence Centre (FIC) is preparing to launch its new registration and reporting system, called goAML, to...

ARRANGEMENTS OUTLINED FOR ACCOUNTABLE AND REPORTING INSTITUTIONS NOT REGISTERED WITH FIC AS AT 7 March 2016, IN LATEST PUBLIC COMPLIANCE COMMUNICATION
March 16, 2016
ARRANGEMENTS OUTLINED FOR ACCOUNTABLE AND REPORTING INSTITUTIONS NOT REGISTERED WITH FIC AS AT 7 March 2016, IN LATEST PUBLIC COMPLIANCE COMMUNICATION The Financial Intelligence Centre (FIC) has issued Public Compliance Communication No 34, (click here to access PCC 34), which allows accountable and reporting institutions not registered as at 7...

Warning: Beware of scam service providers and emails
June 10, 2011
As estate agents are aware they are 'accountable instituitions' for the purposes of the FIC Act.

Update Notice to all Estate Agents operating in South Africa
June 10, 2011
The obligation on accountable and reporting instituitions, to register with the Financial Intelligence Centre, became operational on Wednesday, 01 December 2010

Registration with the Financial Intelligence Centre
June 10, 2011
As accountable institutions estate agents are required to register with the Centre.

What do the Experts have to say about Anti-Money Laundering?
June 10, 2011
In 2009 the Estate Agency Affairs Board conducted Anti-Money Laundering Presentations in four of our major cities around the country which were presented by KPMG.

Specimen Internal Rules for Estate Agency Firms
June 10, 2011
Estate agency firms are reminded that they are required by the provisions of the Financial Intelligence Centre Act (FICA) to appoint a compliance officer and to formulate, and implement, internal rules to ensure that they, all estate agents in their service and their employees comply fully with applicable FICA requirements.



Document Downloads

Update Notice
Update Notice to all Estate Agents operating in South Africa on the Financial Intelligence Centre Act, No 38 of 2001
512KB Download
Asylum Seekers and Refugees
Identification and verification matters relating to account opening procedures for asylum seekers and refugees
90KB Download
Financial Intelligence Centre Act Forms
Forms in compliance with the Financial Intelligence Centre Act
42KB Download
160314 FICLet 3193 Guidance issued to SBs Estate Agency Affairs Board
36KB Download
FIC Directive 4 media brief
316KB Download
PCC34 web note
175KB Download
Financial Intelligence Centre Part 1
276KB Download
Financial Intelligence Centre Part 2
201KB Download
FIC TELEMATIC PRESENTATION TO ESTATE AGENTS
2596KB Download
FIC 160817 Notice Issue Paper Final 1
198KB Download
FIC 160817 Notice Issue Paper Final 2
598KB Download
'ONE LEARNER - ONE ESTATE AGENCY' Youth Programme Principal Pledge Form
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