Draft Public Compliance Communication 103 on Non-Profit Organisations

The Financial Intelligence Centre (FIC) is calling for comments from non-profit organisations (NPO) and other persons on the draft Public Compliance Communication 103. (draft PCC 103). 

The draft PCC 103 sets out the Financial Action Task Force Recommendation 8 principles. The draft PCC 103 provides certain recommendations to NPO’s and third parties that deal with NPO’s. The draft PCC 103 is aimed at creating awareness within the NPO sector around the vulnerabilities that NPO’s face from an anti-money laundering and combatting the financing of terrorism perspective.

Comments on the draft PCC 103 are invited from NPO’s and other persons, to reach the FIC by no later than Thursday, 7 November 2019 via e-mail on [email protected].

For any other queries, please contact the FIC's Compliance Contact Centre on 012 641 6000, select option 1, or submit a web query by clicking on: http://www.fic.gov.za/ContactUs/Pages/ComplianceQueries.aspx

Full statement: https://www.fic.gov.za/Documents/190827%20Website%20Notice%20PCC%20NPO.pdf