The Financial Intelligence Centre (FIC) issued a notice that accountable institutions (AIs) that have not yet submitted Risk and Compliance Returns (RCRs), will face administrative sanctions which may include financial penalties. Click here to read the notice.
The FIC also issued a notice to AIs about the correct submission of RCRs. Click here to read the notice.
Click here for our previous post on AI obligations.
Click here for our previous post about FIC compliance failures.