The Financial Intelligence Centre (FIC) has recently published the draft Public Compliance Communication No 38A (PCC 38A). The objective of this PCC is to provide guidance in relation to receiving and responding to requests, interventions and orders from FIC in terms of sections 27, 32, 34 and 35 of the FIC Act, specifically:
- How the request will be sent by the Centre;
- How responses must be submitted to the Centre;
- The timelines for responses; and
- Information to be included in the response.
To read the full communication, click here.