MEDIA RELEASE - SCHEDULE AMENDMENTS
Official source
Source domain: www2.fsca.co.za
Collected on 3 October 2026
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What this means
What this document offers
Read out of this document by Govermate's AI, in its own words. Each one quotes the line it came from — confirm on the official source before acting.
register with the FIC as accountable institutions
The newly included sectors can register with the Financial Intelligence Centre as accountable institutions and then meet the FIC Act’s risk and compliance obligations.
- Who it is for
- The new sectors added to Schedule 1 of the FIC Act
- How to act on it
- Register with the FIC as an accountable institution and fulfil the regulatory obligations described in the release.
The document's recorded date is 19 December 2022. Confirm on the official source.
Show the line this came from
The new sectors will be required to register with the FIC as accountable institutions and fulfil certain regulatory obligations.
File regulatory reports under the FIC Act
Accountable institutions must file reports on suspicious and unusual transactions, cash transactions above the prescribed threshold, and property linked to sanctioned persons, terrorist activity or terrorist organisations.
- Who it is for
- Accountable institutions
- How to act on it
- File the required regulatory reports; the release does not state a submission channel or contact route.
The document's recorded date is 19 December 2022. Confirm on the official source.
Show the line this came from
Accountable institutions are also required to file regulatory reports relating to suspicious and unusual transactions, cash transactions exceeding the prescribed threshold and on property that is linked to sanctioned persons, terrorist activity or terrorist organisations.
Who can apply
What matters before you act: the conditions this listing sets, as Govermate read them.
register with the FIC as accountable institutions
- The organisation must belong to one of the newly designated sectors, including co-operative banks, company service providers, a wider category of credit providers, high-value goods dealers, the South African Mint Company, crypto asset service providers, informal money or value transfer providers, or
File regulatory reports under the FIC Act
The document sets no condition.
Key Takeaways
- Financial Sector Conduct Authority media release
- Minister of Finance Enoch Godongwana amended the FIC Act schedules
- Amendments take effect on 19 December 2022
- Government Gazette 47596 was published on 29 November 2022
- Newly covered sectors must register with the Financial Intelligence Centre
- Accountable institutions must file specified regulatory reports
- Financial Sector Conduct Authority
- Enoch Godongwana
- Financial Intelligence Centre
- National Treasury
- Parliament
- Standing Committee on Finance
- Select Committee on Finance
- Financial Action Task Force
Dates
Closing Date
19 December 2022