Two weeks ago, we advised you of the change in the FICA regulations regarding the amount of a cash receipt that triggers the requirement to submit a CTR (cash threshold report) to the FIC. The change came into effect Monday this week and the CTR requirement is now triggered on receipt of R49 999 cash in a single payment.
View the note issued by the FIC on Wednesday which furnishes more details HERE.
Do not hesitate to contact us should you have any queries on info@stbb.co.za.