The National Treasury and the Financial Intelligence Centre (FIC) published the draft Financial Intelligence Centre Amendment Bill, 2015 (the Bill) as approved by Cabinet at its meeting on 15 April 2015.
The Bill seeks to enhance South Africa’s ability to combat financial crimes by proposing measures to address threats to the stability of South Africa’s financial system posed by money laundering and terrorism financing.
Comments on the Bill are invited and should be sent to Mr Raymond Masoga, Director for Financial Integrity, at FICBill@treasury.gov.za or faxed to 012 315 5206.
The deadline for comments to be submitted is 31 May 2015.
Click here for further information.