The Financial Intelligence Centre Amendment Act 11 of 2008 aims to amend the Financial Intelligence Centre Act, 2001, so as:
- Provide for a risk based approach to client identification and verification;
- Provide for strengthening of customer due diligence measures;
- Identifying Beneficial ownership;
- Defines persons in prominent positions;
- Defines obligations to keep identity and verification and transaction records
Download the full act HERE
The National Credit Act (NCA) was signed into law by the President on 15 March 2005, and governs the assessment, application and maintenance of credit granted by a credit provider to a consumer within the Republic of South Africa.
The NCA must be read in conjunction with the Regulations passed in terms of the Act.
The NCA has updated areas of the law that were contained in the Credit Agreements Act, the Usury Act and other legislation that were cumbersome, ineffective and subject to abuse or obsolete.
Download HERE.
For more information visit the NCA website