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Urgent communication from FIC on RCRs

Mr Christopher Malan, Executive Manager Compliance and Prevention at the FIC, requested FISA to distribute a communication to its members to remind all trust service providers, as defined in Item 2 of the First Schedule to the Financial Intelligence Centre Act, 38 of 2001, of the duty to submit a risk and compliance return (RCR) to the FIC without any further delay.

Members active in the trust field are urged to familiarise themselves with the provisions of the mentioned item, and of the requirements w.r.t. the RCRs.

Members are also reminded that the FISA Code of Ethics and of Professional and Responsible Conduct requires them to comply with all relevant legislation. See paragraph 2.4.5.

Click here to access the latest communication.

Click here to access our previous post about these requirements.