INFORMATION REQUEST
Financial Intelligence Centre loses patience with estate agents and law firms
FIC casts suspicious eye on laggards and begins to impose penalties
15 March 2024 - 05:00
The Financial Intelligence Centre (FIC) is adopting a hard line with estate agents and legal practitioners who fail to provide requested information about their businesses.
FIC acting director Pieter Smit said during a panel discussion on greylisting at an industry conference of the Financial Sector Conduct Authority that the response by the two sectors — regarded as high risk in terms of money-laundering — to requests for information had been weak...
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