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The Monetary Intelligence Centre says roughly half of authorized agency and property agent places of work haven’t submitted threat and compliance studies.
The Monetary Intelligence Centre (FIC) says attorneys and property brokers are jeopardising SA’s efforts to flee a global greylist of nations deemed to have insufficient measures in place to fight terror financing and cash laundering.
The supervisory physique, which is remitted to help in figuring out the proceeds of crime, has gone as far as to label sure places of work of authorized practitioners, property brokers, belief and firm providers suppliers as “delinquent”.
This comes amid a failure to submit excellent threat and compliance returns (RCRs) due by the tip of Might 2023, that are wanted to establish entities at a excessive threat of getting used for illicit monetary actions.
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