Earlier this week, the Financial Intelligence Centre (‘the FIC’) issued a notice advising accountable institutions of a general request to submit a copy of their current Risk Management and Compliance Programme (‘RMCP’) to it by close of business on Wednesday, 12th March 2025.
To prevent penalties and other administrative sanctions, it is imperative that affected institutions, including property practitioners, trust and company service providers, and attorneys, submit their current RMCPs to the FIC timeously.
Importantly, entities with branches – and different organisation IDs – must each submit an RMCP, irrespective of whether the document is identical to that of another branch.
Accountable institutions must submit their RMCPs electronically via the FIC’s goAML platform and are encouraged to check the message board daily and respond as instructed in the general request.
For sound legal assistance, direct all RMCP-related queries to compliance@stbb.co.za.