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South African Money Laundering & Terror Financing Law

This work, published since 1999, is the standard reference work on anti-money laundering and the combating of financing of terrorism and proliferation in SA. Updates are billed on a pay as you go basis.

Publication Language: English
Print
R1,975.02
Quantity
In Stock
ISBN/ISSN: 060KPMGMONSYS

Product description

This work, published since 1999, is the standard reference work on anti-money laundering and the combating of financing of terrorism and proliferation in SA. Updates are billed on a pay as you go basis.

It is used by compliance officers, supervisors, risk managers and lawyers to interpret design, assure and enforce compliance with the complex laws and regulations in this space.

The commentary discusses the relevant criminal law and offences, the regulatory system and the compliance obligations of businesses and professions in South Africa, including the duty to report specified transactions to the Financial Intelligence Centre. The law requires regulated institutions to implement a risk-based approach with more due diligence measures where risks are assessed to be higher. The commentary discusses the risk elements to be considered to design appropriate customer due diligence measures and advises on the governance and management of compliance obligations, including the adoption and maintenance of a Risk Management and Compliance Program.

All relevant legislation is included along with the Guidance Notes issued by the Financial Intelligence Centre and a current set of Financial Action Task Force Recommendations, the global standards for anti-money laundering and the combating of financing of terrorism and proliferation.

The work is regularly updated to ensure that it reflects the current law and the guidance provided by the Financial Intelligence Centre.

Note: The online price varies according to package chosen and number of users. Our sales agents will provide a quote on request.

 

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Table of contents

Part 1: Commentary

The combating of money laundering, financing of terrorism and proliferation financing.

Development of money laundering, terror financing and proliferation financing laws in South Africa.

Key money laundering offences

Key terror financing and international financial sanctions offences

FICA intelligence, supervision and enforcement framework

FICA compliance and registration framework

The duty to report transactions

Risk and the risk-based approach to AML/CFT.

The risk-based approach to customer due diligence

The governance and management of AML/CFT

Part 2: Acts

Prevention of Organised Crime Act No. 121 of 1998

Financial Intelligence Centre Act No. 38 of 2001

Protection of Constitutional Democracy Against Terrorist and Related Activities Act No. 33 of 2004

Part 3: Regulations and Exemptions

Part 4: Guidance Notes issued by the Financial Intelligence Centre

Part 5: Ancillary material: FATF Recommendations

Part 6: Index

Part 7: Table of Statutes

Part 8: Table of Cases