Stricter Fica rules mooted for vehicle and krugerrand dealers
These dealers would have to conduct customer due diligence if the amendments are adopted
23 June 2020 - 17:09
Stricter obligations on motor vehicle and krugerrands dealers have been proposed under amendments to the Financial Intelligence Centre Act (Fica).
The act governs the Financial Intelligence Centre (FIC) that was created to monitor financial transactions of specified businesses at risk of being exploited by criminals in a bid to limit money-laundering and the financing of terrorism...
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