CATEGORIES
- (27)Agriculture, Land Reform & Rural Development
- (26)Auditors & Accountants
- (6)Broad-based Black Economic Empowerment
- (5)Built Environment
- (56)Communications & Digital Technologies
- (2)Company Law
- (2)Consumer Law
- (21)Courts
- (2)Criminal Law
- (1)Cybercrimes
- (2)Disaster Management
- (12)Education & Training
- (4)Electoral Law
- (94)Environmental Law
- (4)Family Law
- (134)Financial Sector
- (3)Fisheries & Aquaculture
- (5)General Interest
- (19)Health & Safety
- (22)Home Affairs
- (3)Housing
- (15)In the Spotlight
- (1)International Co-operation
- (66)Justice & Constitutional Development
- (52)Labour Law
- (17)Legal Practice Council
- (20)Local & Provincial Government
- (24)Minerals & Energy
- (1)Monetary Policy
- (1)National Development Plan
- (17)National Treasury
- (69)New Legislation
- (13)Opportunities for Public Comment
- (6)POPIA
- (280)Parliament
- (1)Practice Management
- (4)Presidency
- (14)Property Law
- (8)Public Service
- (4)Retirement Reform
- (13)Road Accident Fund
- (21)Safety and Security
- (7)Small Business Development
- (21)Social Development
- (9)Sport, Arts & Culture
- (14)State Owned Enterprises
- (4)State of Disaster (energy)
- (19)Taxation
- (7)Tourism
- (61)Trade, Industry & Competition
- (36)Transport
- (16)Water & Sanitation
- Show All
CRYPTO ASSETS: FIC ISSUES ELECTRONIC TRANSFER DIRECTIVE
- 18 November 2024
- Financial Sector
- SA Legal Academy
The Financial Intelligence Centre has issued a rules directive affecting accountable institutions transferring or receiving crypto assets by wire. Effective from 30 April 2025, the directive is:
- informed by input received on a consultation document published in April 2024, and
- in keeping with international Financial Action Task Force requirements intended to curb money laundering and terrorist financing.
A consultation feedback document was published with the directive.
According to a notice on the impending new measures, they focus on the information required when processing incoming or outgoing wired crypto asset transactions.
Please click the links below for more information:
- directive
- notice
- consultation feedback document
Published by SA Legal Academy Policy Watch
Follow us on X @SALegalAcademy (you can also join us on LinkedIn and Facebook)
0 COMMENTS
There are not comments for this article at the moment, check back later.
LEAVE A COMMENT
You must be logged in to add a comment, log in now.