FICA registration for new Accountable Institution
A reminder, that all new entities and business activities that fall within the amended, widened scope of Schedule 1 must register as an accountable institution with the Financial Intelligence Centre and take steps to comply with the applicable FICA requirements. The amendments to the FICA Schedules came into effect on 19 December 2022. Click here to read more.
CPD Progress
FSPs, KIs and Reps are reminded that they should be on track with achieving the required number of hours for CPD. The deadline to meet the minimum number of required CPD hours is 31 May 2023, and it is therefore advisable that steady progress is made towards achieving this. For more information on the various accredited CPD activities that Masthead offers, please get in touch with us on info@masthead.co.za or contact your Masthead Compliance Officer.
FICA Risk and Compliance Return
A reminder that the following accountable institutions must comply with Directive 6 of 2023 by submitting a FICA Risk and Compliance Return by 31 May 2023:
- Item 1 – Legal Practitioners
- Item 2 – Trust and Company Service Providers
- Item 3 – Estate Agents
- Item 9 – Gambling sector
For assistance, please get in touch with us on info@masthead.co.za or contact your Masthead Regional Office.