Statistics Act, 1999
R 385
Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001)RegulationsMoney Laundering and Terrorist Financing Control RegulationsChapter 5 : Measures to Promote Compliance and Appeals27A. Period for and manner of registration by accountable institutions and reporting institutions |
| (1) | Every accountable institution referred to in Schedule 1 of the Act and every reporting institution referred to In Schedule 3 of the Act must within the period commencing 1 December 2010 until 1 March 2011, register with the Centre in terms of section 43B of the Act. |
| (2) | Any person or category of persons added to the list in Schedule 1 or Schedule 3 of the Act after the commencement of this regulation must register with the Centre within 90 days after the amended Schedule 1 or Schedule 3 is published by notice in the Gazette. |
| (3) | Any person or category of persons who, on commencing a new business, fall within the list of accountable institutions or reporting institutions in Schedule 1 and Schedule 3 respectively must, within 90 days of the day the business opened, register with the Centre. |
| (4) | The registration of an accountable institution and a reporting institution contemplated In subregulation (1), (2) and (3) must be In accordance with the format specified by the Centre and must be submitted to the Centre electronically by means of the internet-based reporting portal provided by the Centre for this purpose at the following internet address: http://www.fic.gov.za. |
| (5) | If a person does not have the technical capability to register in accordance with subregulation (4) that person must submit the registration on a form specified by the Centre at the contact particulars specified by the Centre from time to time for this purpose. |
| (6) | The registration of an accountable institution or a reporting institution is not a licensing process and no license will be issued on the completion of a registration contemplated in subregulation (1), (2) and (3). |
| (7) | No fee is payable for a registration contemplated in subregulation (1), (2) or (3). |
[Regulation 27A inserted by regulation 3 of Notice No. 1107 of 2010]
