Electricity Regulation Act, 2006
R 385.00
Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001)DirectivesDirective for Submission of a risk and compliance return to the Financial Intelligence Centre by specified accountable institutionsDirective 7 of 20231. Purpose of the Directive |
| 1.1 | This Directive serves to inform all accountable institutions specified in this Directive, that they must submit information regarding their understanding of money laundering (ML), terrorist financing (TF) and proliferation financing (PF) risks and their assessment of compliance with obligations in terms of the FIC Act to the FIC through a risk and compliance return. |
| 1.2 | The information obtained from the risk and compliance return will assist the FIC in forming an understanding of the levels of risk awareness and compliance of the responding accountable institution with the FIC Act and in identifying the ML, TF and PF risks facing different accountable institution sectors as designated in Schedule 1 to the FIC Act. |
