President Jacob Zuma has signed the anti-money laundering bill FICA, which allows increased scrutiny of the bank accounts of "prominent individuals", including himself, into law, his office said on Saturday. The country risked being kicked out of global fraud monitor, the Financial Action Task Force (FATF), if the Financial Intelligence Centre Amendment (FICA) bill was not signed by June. The bill, intended to bolster the fight against global financial crime by making it easier to identify the ultimate owners of companies and accounts — including those of "domestic prominent influential persons" -was passed by parliament in May.

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