Tag ArchivesCommercial lawyer
Privacy Policy

Proposed Amendments to FICA – How will this impact you and me? A Commercial Lawyer’s perspective….

Introduction The Financial Intelligence Centre Act 38 of 2001 (hereinafter referred to as “FICA” or the “Act”) was legislated primarily to combat various unlawful activities, such as money laundering and other unlawful transactions. Essentially, FICA imposes an obligation on all Accountable Institutions to verify the identity/origin of the funds of persons they are entering into […]

Read full story