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FICA Risk and Compliance Return

Expert Support for Accurate Submission

Masthead can assist accountable institutions with the submission of their Risk and Compliance Returns (RCRs), ensuring full compliance with the Financial Intelligence Centre Act (FICA) directives.

The Financial Intelligence Centre requires certain accountable institutions to submit an annual RCR under Directive 6 of 2023 and Directive 7 of 2023. This return evaluates a business’s risk exposure to money laundering (ML), terrorist financing (TF) and proliferation financing (PF), as well as their compliance with FICA obligations.

Even if you have missed the deadline, you can still submit your return, and we can help you ensure it is done accurately.


Who Must Submit a Risk and Compliance Return?

Directive 6 of 2023

Applies to:

  • Legal practitioners
  • Trust and company service providers
  • Estate agents
  • Gambling sector

Original deadline: 31 May 2023
Reporting period: 1 April 2022 – 31 March 2023

Directive 7 of 2023

Applies to:

  • Credit providers
  • The South African Postbank Limited
  • High-value goods dealers
  • The South African Mint Company
  • Crypto asset service providers (CASPs)

Original deadline: 31 July 2023
Reporting period: 1 January 2023 – 30 June 2023

Although the deadlines have passed, the FIC still accepts submissions, and we can assist you in fulfilling your compliance obligations.


How We Can Help

Expert Consultation – We guide you through the RCR requirements, helping you gather and interpret the necessary information.

Accurate Completion – We assist in completing the return correctly, ensuring it reflects your risk assessment and compliance status.

Why Choose Masthead?

  • Compliance Expertise – Our team stays ahead of FICA regulations and reporting requirements.
  • Tailored Assistance – We provide personalised support based on your business type and risk profile.
  • Reduced Compliance Risks – Avoid errors and ensure your submission is accurate and audit-ready.

WHO ARE WE

Established in 2004, Masthead (Pty) Ltd offers nationwide compliance and business support to independent financial advisors, corporate FSPs, credit providers, legal and property practitioners, and others. We help our clients navigate key regulations like FAIS, FICA, POPIA, and the National Credit Act. With a team of experts, we provide practical solutions across compliance, practice management, and business development to help businesses stay compliant and thrive. Masthead (Pty) Ltd is part of the Masthead Group, alongside Masthead Financial Planning (Pty) Ltd – a licensed FSP dedicated to supporting financial advisors with streamlined operational and regulatory solutions.

Why Masthead?

CONTACT US

Phone:

021 686 3588

E-mail:

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