The FIC Act specifically requires you to check the targeted
financial sanctions (TFS) list.
The Targeted Financial Sanctions / UNSC is included in the TPN Enhanced Due Diligence Check.
As per their website “ The TFS list includes all persons and
entities applicable to sections 26A, 26B and 26C of the FIC Act which refer to sanctions under a
resolution by the UNSC and require accountable institutions to scrutinise their
clients against the applicable list, to freeze assets and to ensure not to
proceed with a transaction.
It
is important to note the TFS list is not a FIC or South African domestic
sanctions list, but a replica of the original source, which is the UNSC
consolidated list of targeted financial sanctions.”
See the original source HERE