FINANCIAL INTELLIGENCE CENTRE (FIC)

HOW PROPERTY PRACTITIONERS CAN ASSIST WITH COMBATING MONEY LAUNDERING IN SOUTH AFRICA
February 24, 2025
Property practitioners can assist in combating money laundering and organised crime by meeting their Financial Intelligence Centre Act (FIC Act) obligations which include reporting suspicious and unusual activity to the Financial Intelligence Centre (FIC).

PROPERTY PRACTIONERS’ OBLIGATION TO REPORT SUSPICIOUS TRANSACTIONS TO THE FIC
June 19, 2024
The investment in property provides a stable, high- value and secure asset, which makes this sector particularly vulnerable to money laundering (ML). Non-financial institutions additionally are vulnerable to terrorist financing (TF) and should always be aware of potential terrorist financing risk. 

Financial Intelligence Centre (FIC)
August 31, 2023
4, FIC INSPECTIONS Section 45A (1) provides that the Director or the head of a supervisory body, as the case may be, may appoint any person in the service of the centre or supervisory body or any other suitable person as an inspector. Section45B(1)(b) provides that an inspector appointed in terms of section 45A may enter the premises, excluding a...



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HOW PROPERTY PRACTITIONERS CAN ASSIST WITH COMBATING MONEY LAUNDERING IN SOUTH AFRICA
Property practitioners can assist in combating money laundering and organised crime by meeting their Financial Intelligence Centre Act (FIC Act) obligations which include reporting suspicious and unusual activity to the Financial Intelligence Centre (FIC).
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'ONE LEARNER - ONE PROPERTY PRACTITIONER' Youth Programme Principal Pledge Form