Financial Intelligence Centre Amendment Act
This provision amends several definitions in section 1 of the Financial Intelligence Centre Act, 2001.
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account opening accountable institutions administrative sanctions amendments anti-money laundering appeals appeals procedure appointment obligations appointment of responsible person asset and service restrictions asset restrictions beneficial ownership board governance business relationship onboarding business relationship records business relationship termination business relationships cash transaction reporting client due diligence client identification client verification compliance compliance assistance compliance function +151 more
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This provision amends several definitions in section 1 of the Financial Intelligence Centre Act, 2001. This provision amends section 1 by updating and adding several definitions used in the Act. The Centre’s objective is to help identify unlawful proceeds, combat money laundering and terrorist-related financing, and implement UN Security Council financial sanctions. Section 4 is amended to let the relevant body initiate analysis using information it already has or receives outside the usual reports, and to inform, advise, and co-operate with listed authorities. The provision changes the Centre’s main purpose and gives it powers to share collected information with listed authorities and to administer financial-sanctions measures, including freezing property and transactions by accountable institutions.
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Section 1 of the Financial Intelligence Centre Act, 2001 (hereinafter referred to as
This provision amends several definitions in section 1 of the Financial Intelligence Centre Act, 2001.
1. Section 1 of the Financial Intelligence Centre Act, 2001 (hereinafter referred to as the principal Act), is hereby amended— (a) by the substitution in subsection (1) for the definition of ‘‘administrative 5 sanction’’ of the following definition: ‘‘ ‘administrative sanction’ means an administrative sanction contem- plated in section 45C;’’; (b) by the substitution in subsection (1) for the definition of ‘‘authorised officer’’ of the following definition: ‘‘ ‘authorised officer’ means any official of— (a) [the South African Police Service] an investigating authority authorised by the [National Commissioner] head of that investi- gating authority to act under this Act; the [national prosecuting authority] National Prosecuting Author- ity authorised by the National Director of Public Prosecutions to act under this Act; an intelligence service authorised by the Director-General of that service to act under this Act; [or] the South African Revenue Service authorised by the Commissioner for that Service to act under this Act; the Independent Police Investigative Directorate authorised by the Executive Director of that Directorate to act under this Act; the Intelligence Division of the National Defence Force authorised by the Inspector-General of the National Defence Force to act under this Act; (b) (c) (d) (e) (f) (g) a Special Investigating Unit authorised by the head of the Special (h) (i) Investigating Unit to act under this Act; the office of the Public Protector authorised by the Public Protector to act under this Act; or an investigative division in an organ of state authorised by the head of the organ of state to act under this Act;’’; 10 15 20 25 30 (c) by the deletion in subsection (1) in the definition of ‘‘bearer negotiable instrument’’ of the words ‘‘, for the purposes of this Act,’’; (d) by the insertion in subsection (1) after the definition of ‘‘bearer negotiable 35 instrument’’ of the following definition: independently or ‘‘ ‘beneficial owner’, in respect of a legal person, means a natural person together with another person, directly or who, indirectly— (a) owns the legal person; or (b) exercises effective control of the legal person;’’; (e) by the insertion in subsection (1) after the definition of ‘‘Centre’’ of the following definition: ‘‘ ‘client’, in relation to an accountable institution, means a person who has entered into a business relationship or a single transaction with an accountable institution;’’; by the deletion in subsection (1) of the definition of ‘‘Council’’; (f) (g) by the insertion after the definition of ‘‘Director’’ of the following definition: ‘‘ ‘domestic prominent influential person’ means a person referred to in Schedule 3A;’’; (h) by the substitution in subsection (1) in the definition of ‘‘entity’’, for the (i) expression ‘‘2004; and’’ of the expression ‘‘2004;’’; by the insertion in subsection (1) after the definition of ‘‘entity’’ of the following definitions: ‘‘ ‘foreign prominent public official’ means a person referred to in Schedule 3B; ‘Independent Police Investigative Directorate’ means the Independent Police Investigative Directorate established by section 3 of the Indepen- dent Police Investigative Directorate Act, 2011 (Act No. 1 of 2011);’’; 40 45 50 55 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 5 5 Wysiging van artikel 1 van Wet 38 van 2001, soos gewysig deur artikel 27 van Wet 33 van 2004, artikel 1 van Wet 11 van 2008 en artikel 53 van Wet 11 van 2013
Part
Schedule 3B;
- 1 Verify source ↗
Artikel 1 van die Wet op die Finansiële Intelligensiesentrum, 2001 (hierna die
This provision amends section 1 by updating and adding several definitions used in the Act.
1. Artikel 1 van die Wet op die Finansiële Intelligensiesentrum, 2001 (hierna die Hoofwet genoem), word hierby gewysig— (a) deur in subartikel (1) die omskrywing van ‘‘administratiewe sanksie’’ deur die 5 volgende omskrywing te vervang: ‘‘ ‘administratiewe sanksie’ ’n administratiewe sanksie in artikel 45C beoog;’’; (b) deur in subartikel (1) die volgende omskrywings na die omskrywing van ‘‘appèlraad’’ in te voeg: 10 ‘‘ ‘binnelandse-vooraanstaande-invloedryke-persoon’ ’n persoon in Bylae 3A bedoel; ‘buitelandse-vooraanstaande-openbare-beampte’ Bylae 3B bedoel;’’; persoon ’n in (c) deur in subartikel (1) die omskrywing van ‘‘enkeltransaksie’’ deur die 15 volgende omskrywing te vervang: ‘‘ ‘enkeltransaksie’ ’n transaksie— (a) uitgesonderd ’n transaksie wat in die loop van ’n sakeverhouding gesluit word; en (b) waar die waarde van die transaksie nie minder is nie as die voorgeskrewe bedrag, behalwe in die geval van artikel 20A;’’; 20 (d) deur in subartikel (1) die omskrywing van ‘‘gemagtigde beampte’’ deur die volgende omskrywing te vervang: ‘‘ ‘gemagtigde beampte’ enige beampte van— (a) [die Suid-Afrikaanse Polisiediens] ’n ondersoekowerheid deur die [Nasionale Kommissaris] hoof van daardie ondersoekowerheid gemagtig om kragtens hierdie Wet op te tree; (b) die [nasionale vervolgingsgesag] Nasionale Vervolgingsgesag deur die Nasionale Direkteur van Openbare Vervolgings gemagtig om kragtens hierdie Wet op te tree; ’n intelligensiediens deur die Direkteur-generaal van daardie diens gemagtig om kragtens hierdie Wet op te tree; [of] (c) (d) die Suid-Afrikaanse Inkomstediens deur die Kommissaris vir daardie Diens gemagtig om kragtens hierdie Wet op te tree; (e) die Onafhanklike Polisie-ondersoekdirektoraat deur die Uitvoer- ende Direkteur van daardie Direktoraat gemagtig om kragtens hierdie Wet op te tree; die Intelligensie-afdeling van die Nasionale Weermag deur die Inspekteur-generaal van die Nasionale Weermag gemagtig om kragtens hierdie Wet op te tree; ’n Spesiale Ondersoekeenheid deur die hoof van die Spesiale Ondersoekeenheid gemagtig om kragtens hierdie Wet op te tree; (g) (f) (h) die kantoor van die Openbare Beskermer deur die Openbare Beskermer gemagtig om kragtens hierdie Wet op te tree; of ’n ondersoekafdeling in ’n staatsorgaan deur die hoof van daardie staatsorgaan gemagtig om kragtens hierdie Wet op te tree;’’; (i) (e) deur in subartikel (1) die volgende omskrywing na die omskrywing van ‘‘inspekteur’’ in te voeg: die ‘‘ ‘Intelligensie-afdeling Intelligensie-afdeling van die Nasionale Weermag bedoel in artikel 33 van die ‘Defence Act, 2002’ (Wet No. 42 van 2002);’’; die Nasionale Weermag’ van (f) deur in subartikel (1) na die omskrywing van ‘‘Intelligensiediens’’ die volgende omskrywing in te voeg: ‘‘ ‘kliënt’, ten aansien van ’n verantwoordingspligtige instelling, ’n persoon wat ’n sakeverhouding aangaan of ’n enkeltransaksie sluit met ’n verantwoordingspligtige instelling;’’; 25 30 35 40 45 50 55 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 6 6 (j) by the insertion in subsection (1) after the definition of ‘‘inspector’’ of the following definition: ‘‘ ‘Intelligence Division of the National Defence Force’ means the Intelligence Division of the National Defence Force referred to in section 33 of the Defence Act, 2002 (Act No. 42 of 2002);’’; (k) by the insertion in subsection (1) after the definition of ‘‘investigating authority’’ of the following definitions: ‘‘ ‘investigative division in an organ of state’ means an investigative division in an organ of state in the Republic having a function by law to investigate unlawful activity within the organ of state; ‘legal person’ means any person, other than a natural person, that establishes a business relationship or enters into a single transaction, with an accountable institution, and includes a person incorporated as a company, close corporation, foreign company or any other form of corporate arrangement or association, but excludes a trust, partnership or sole proprietor;’’; (l) by the insertion in subsection (1) after the definition of ‘‘National Director of Public Prosecutions’’ of the following definition: ‘‘ ‘National Prosecuting Authority’ means the National Prosecuting Authority referred to in section 179 of the Constitution of the Republic of South Africa, 1996, and established in terms of section 2 of the National Prosecuting Authority Act, 1998 (Act No. 32 of 1998);’’; (m) by the substitution in subsection (1) for the definition of ‘‘non-compliance’’ of the following definition: ‘‘ ‘non-compliance’ means any act or omission that constitutes a failure to comply with a provision of this Act or any order, determination or directive made in terms of this Act and which does not constitute an offence in terms of this Act, and ‘fails to comply’, ‘failure to comply’, ‘non-compliant’ and ‘not complying’ have [the same] a corresponding meaning;’’; (n) by the insertion in subsection (1) after the definition of ‘‘non-compliance’’ of the following definition: ‘‘ ‘offence relating to the financing of terrorist and related activities’ means an offence under section 4 of the Protection of Constitutional Democracy against Terrorist and Related Activities Act, 2004 (Act No. 33 of 2004);’’; (o) by the insertion in subsection (1) after the definition of ‘‘property’’ of the following definition: ‘‘ ‘Public Protector’ means the Public Protector referred to in Chapter 9 of the Constitution of the Republic of South Africa, 1996;’’; (p) by the insertion in subsection (1) after the definition of ‘‘reporting institution’’ of the following definition: 5 10 15 20 25 30 35 40 ‘‘ ‘Risk Management and Compliance Programme’ means the programme contemplated in section 42(1);’’; (q) by the substitution in subsection (1) for the definition of ‘‘single transaction’’ 45 of the following definition: ‘‘ ‘single transaction’ means a transaction— (a) other than a transaction concluded in the course of a business relationship; and (b) where the value of the transaction is not less than the amount 50 prescribed, except in the case of section 20A;’’; (r) by the insertion in subsection (1) after the definition of ‘‘South African Revenue Service’’ of the following definition: ‘‘ ‘Special Investigating Unit’ means the Special Investigating Unit established under section 2 of the Special Investigating Units and Special Tribunals Act, 1996 (Act No. 74 of 1996);’’; 55 (s) by the deletion in subsection (1) of the definitions of ‘‘offence relating to the financing of terrorist and related activities’’ and ‘‘transaction’’; and No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 7 7 (g) deur in subartikel (1) na die omskrywing van ‘‘Minister’’ die volgende omskrywing in te voeg: ‘‘ ‘misdryf in verband met finansiering van terroriste- en verwante aktiwiteite’ ’n misdryf kragtens artikel 4 van die Wet op Beskerming van Konstitusionele Demokrasie en Verwante Aktiwiteite, 2004 (Wet No. 33 van 2004);’’; teen Terroriste- (h) deur in subartikel (1) die volgende omskrywing na die omskrywing van ‘‘Nasionale Direkteur van Openbare Vervolgings’’ in te voeg: ‘‘ ‘Nasionale Vervolgingsgesag’ die Nasionale Vervolgingsgesag in artikel 179 van die Grondwet van die Republiek van Suid-Afrika, 1996, bedoel en kragtens artikel 2 van die Wet op die Nasionale Vervolgings- gesag, 1998 (Wet No. 32 van 1998), ingestel;’’; (i) deur in subartikel (1) die omskrywing van ‘‘nie-nakoming’’ deur die volgende omskrywing te vervang: ‘‘ ‘nie-nakoming’ enige handeling of versuim wat ’n nalate daarstel om aan ’n bepaling van hierdie Wet of enige bevel, bepaling of lasgewing ingevolge hierdie Wet gegee, te voldoen, en het ‘versuim om na te kom’, ‘versuim om te voldoen aan’, ‘nie-nakomend’ en ‘nie nakom nie’ [dieselfde] ’n ooreenstemmende betekenis;’’; 5 10 15 (j) deur in subartikel (1) die volgende omskrywings na die omskrywing van ‘‘nie-nakoming’’ in te voeg: 20 ‘‘ ‘Onafhanklike Polisie-ondersoekdirektoraat’ die Onafhanklike Polisie-ondersoekdirektoraat ingestel by artikel 3 van die ‘Independent Police Investigative Directorate Act, 2011’ (Wet No. 1 van 2011); ‘ondersoekafdeling in ’n staatsorgaan’ ’n ondersoekafdeling in ’n staatsorgaan in die Republiek wat ’n regsfunksie het om onregmatige aktiwiteite binne die staatsorgaan te ondersoek;’’; 25 (k) deur in subartikel (1) die volgende omskrywing na die omskrywing van ‘‘opbrengs van onregmatige aktiwiteite’’ in te voeg: ‘‘ ‘Openbare Beskermer’ die Openbare Beskermer in Hoofstuk 9 van die Grondwet van die Republiek van Suid-Afrika, 1996, bedoel;’’; 30 deur die omskrywing van ‘‘Raad’’ in subartikel (1) te skrap; (l) (m) deur in subartikel (1) die volgende omskrywings na die omskrywing van ‘‘opbrengs van onregmatige aktiwiteite’’ in te voeg: ‘‘ ‘regspersoon’ ’n persoon, uitgesonderd ’n natuurlike persoon, wat ’n sakeverhouding aangaan of ’n enkeltransaksie sluit met ’n verant- woordingspligtige instelling en ook ’n persoon wat as ’n maatskappy, beslote korporasie, buitelandse maatskappy of enige ander vorm van korporatiewe reëling of vereniging, ingelyf is, maar sluit ’n trust, vennootskap of alleeneienaar uit; ‘Risikobestuur- en Nakomingsprogram’ die program in artikel 42(1) beoog;’’; (n) deur in subartikel (1) die volgende omskrywing na die omskrywing van ‘‘Sentrum’’ in te voeg: ‘‘ ‘Spesiale Ondersoekeenheid’ die Spesiale Ondersoekeenheid kragtens artikel 2 van die Wet op Spesiale Ondersoekeenhede en Spesiale Tribunale, 1996 (Wet No. 74 van 1996), ingestel;’’; (o) deur in subartikel (1) in die omskrywing van ‘‘toonder van verhandelbare instrument’’ die woorde ‘‘, by die toepassing van hierdie Wet’’ te skrap; (p) deur die volgende omskrywings in subartikel (1) na die omskrywing van ‘‘transaksie’’ in te voeg: ‘‘ ‘trust’ ’n trust omskryf in artikel 1 van die Wet op die Beheer oor Trustgoed, 1988 (Wet No. 57 van 1988), uitgesonderd ’n trust ingestel— (a) uit hoofde van ’n testamentêre beskikking; (b) uit hoofde van ’n hofbevel; (c) (d) deur die trustees van ’n aftreefonds ten opsigte van voordele ten opsigte van persone onder kuratele; of betaalbaar aan die begunstigdes van daardie aftreefonds, 35 40 45 50 55 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 8 8 (t) by the insertion in subsection (1) before the definition of ‘‘unlawful activity’’ of the following definition: ‘‘ ‘trust’ means a trust defined in section 1 of the Trust Property Control Act, 1988 (Act No. 57 of 1988), other than a trust established— (a) by virtue of a testamentary disposition; (b) by virtue of a court order; (c) (d) by the trustees of a retirement fund in respect of benefits payable to in respect of persons under curatorship; or 5 the beneficiaries of that retirement fund, and includes a similar arrangement established outside the Republic;’’. 10 Amendment of section 3 of Act 38 of 2001, as amended by section 27 of Act 33 of 2004 and section 3 of Act 11 of 2008 - 2 Verify source ↗
Section 3 of the principal Act is hereby amended—
The Centre’s objective is to help identify unlawful proceeds, combat money laundering and terrorist-related financing, and implement UN Security Council financial sanctions.
2. Section 3 of the principal Act is hereby amended— (a) by the substitution for subsection (1) of the following subsection: ‘‘(1) The principal objective of the Centre is to assist in the— 15 identification of the proceeds of unlawful activities; (a) (b) combating of money laundering activities and the financing of (c) terrorist and related activities; and implementation of financial sanctions pursuant to resolutions adopted by the Security Council of the United Nations, under Chapter VII of the Charter of the United Nations.’’; (b) by the substitution in subsection (2) for paragraph (a) of the following paragraph: ‘‘(a) to make information collected by it available to [investigating authorities, supervisory bodies, the intelligence services and the South African Revenue Services]— the National Prosecuting Authority; (i) an investigating authority; (ii) (iii) an intelligence service; (iv) (v) (iv) (vii) a Special Investigating Unit; (viii) the office of the Public Protector; the South African Revenue Service; the Independent Police Investigative Directorate; the Intelligence Division of the National Defence Force; (ix) an investigative division in an organ of state; or (x) a supervisory body, to facilitate the administration and enforcement of the laws of the Republic;’’; and (c) by the insertion in subsection (2) after paragraph (a) of the following paragraph: ‘‘(aA) to administer measures requiring accountable institutions to freeze property and transactions pursuant to financial sanctions that may arise from resolutions adopted by the Security Council of the United Nations referred to in a notice contemplated in section 26A;’’. Amendment of section 4 of Act 38 of 2001, as amended by section 4 of Act 11 of 2008
Part
Chapter VII of the Charter of the United Nations.’’;
- 3 Verify source ↗
Section 4 of the principal Act is hereby amended—
Section 4 is amended to let the relevant body initiate analysis using information it already has or receives outside the usual reports, and to inform, advise, and co-operate with listed authorities.
3. Section 4 of the principal Act is hereby amended— (a) by the insertion after paragraph (a) of the following paragraph: ‘‘(aA) where appropriate, initiate analysis based on information in its possession or information received other than by means of reports made to it under Part 3 of Chapter 3;’’; (b) by the substitution for paragraph (b) of the following paragraph: ‘‘(b) inform, advise and co-operate with [investigating authorities, supervisory bodies, the South African Revenue Service and the intelligence services;]— (i) an investigating authority; (ii) the National Prosecuting Authority; (iii) an intelligence service; (iv) the South African Revenue Service; 20 25 30 35 40 45 50 55 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 9 9 en ook ’n soortgelyke reëling buite die Republiek aangegaan; ‘uiteindelik geregtigde’, ten opsigte van ’n regspersoon, ’n natuurlike persoon wat, onafhanklik of saam met iemand anders, regstreeks of onregstreeks— (a) die regspersoon besit; of (b) prakties beheer oor die regspersoon uitoefen;’’; en 5 (q) deur in subartikel (1) die omskrywings van ‘‘misdryf met betrekking tot die finansiering van terroriste- en verwante aktiwiteite’’ en ‘‘transaksie’’ te skrap. Wysiging van artikel 3 van Wet 38 van 2001, soos gewysig deur artikel 27 van Wet 33 van 2004 en artikel 3 van Wet 11 van 2008 10 - 2 Verify source ↗
Artikel 3 van die Hoofwet word hierby gewysig—
The provision changes the Centre’s main purpose and gives it powers to share collected information with listed authorities and to administer financial-sanctions measures, including freezing property and transactions by accountable institutions.
2. Artikel 3 van die Hoofwet word hierby gewysig— (a) deur subartikel (1) deur die volgende subartikel te vervang: ‘‘(1) Die vernaamste oogmerk van die Sentrum is om bystand te verleen in die— identifisering van die opbrengs van onregmatige aktiwiteite; (a) (b) bekamping van geldwassery-aktiwiteite en van die finansiering van (c) terroriste- en verwante aktiwiteite; en implementering van finansiële sanksies na aanleiding van resolusies deurgevoer deur die Veiligheidsraad van die Verenigde Nasies, kragtens Hoofstuk VII van die Handves van die Verenigde Nasies.’’; (b) deur in subartikel (2) paragraaf (a) deur die volgende paragraaf te vervang: ‘‘(a) om inligting deur hom versamel, beskikbaar te stel aan [ondersoek- owerhede, toesighoudende liggame, die intelligensiedienste en die Suid-Afrikaanse Inkomstediens]— (i) ’n ondersoekowerheid; (ii) die Nasionale Vervolgingsgesag; (iii) ’n intelligensiediens; (iv) die Suid-Afrikaanse Inkomstediens; (v) die Onafhanklike Polisie-ondersoekdirektoraat; (iv) die Intelligensie-afdeling van die Nasionale Weermag; (vii) ’n Spesiale Ondersoekeenheid; (viii) die kantoor van die Openbare Beskermer; (ix) ’n ondersoekafdeling in ’n staatsorgaan; of (x) ’n toesighoudende liggaam, ten einde die administrasie en toepassing van die wette van die Republiek te vergemaklik;’’; en (c) deur in subartikel (2) na paragraaf (c) die volgende paragraaf in te voeg: ‘‘(aA) om maatreëls te administreer wat verg dat verantwoordings- pligtige instellings eiendom en transaksies bevries na aanleiding van finansiële sanksies wat kan voortspruit uit resolusies, deur die Veiligheidsraad van die Verenigde Nasies deurgevoer, bedoel in ’n kennisgewing in artikel 26A beoog;’’. 15 20 25 30 35 40 Wysiging van artikel 4 van Wet 38 van 2001, soos gewysig deur artikel 4 van Wet 11 van 2008 45 - 3 Verify source ↗
Artikel 4 van die Hoofwet word hierby gewysig—
This provision amends section 4 of the Principal Act and adds/changes material about information analysis, identified authorities, and guidance on freezing property and transactions.
3. Artikel 4 van die Hoofwet word hierby gewysig— (a) deur die volgende paragraaf na paragraaf (a) in te voeg: ‘‘(aA) waar van toepassing, ontleding begin van inligting in sy besit of inligting bekom deur ander metodes as deur verslae kragtens Deel 3 van Hoofstuk 3 aan hom voorgelê;’’; (b) deur paragraaf (b) deur die volgende paragraaf te vervang: ‘‘(b) [ondersoekowerhede, toesighoudende liggame, die Suid- Afrikaanse Inkomstediens en die intelligensiedienste]— (i) ’n ondersoekowerheid; (ii) die Nasionale Vervolgingsgesag; (iii) ’n intelligensiediens; (iv) die Suid-Afrikaanse Inkomstediens; 50 55 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 10 10 (v) the Independent Police Investigative Directorate; (vi) the Intelligence Division of the National Defence Force; (vii) a Special Investigating Unit; (viii) the Public Protector; (ix) an investigative division in an organ of state; or (x) a supervisory body;’’; and (c) by the insertion after paragraph (c) of the following paragraph: ‘‘(cA) provide information and guidance to accountable institutions that will assist accountable institutions in meeting requirements to freeze property and transactions pursuant to resolutions adopted by the Security Council of the United Nations referred to in a notice contemplated in section 26A;’’. Amendment of section 6 of Act 38 of 2001 - 4 Verify source ↗
Section 6 is hereby amended by the deletion of subsection (3).
This provision amends section 6 by deleting subsection (3) and refers to the repeal of Chapter 2 of Act 38 of 2001.
4. Section 6 is hereby amended by the deletion of subsection (3). Repeal of Chapter 2 of Act 38 of 2001 - 5 Verify source ↗
Chapter 2 of the principal Act is hereby repealed.
Chapter 2 of the principal Act is repealed.
5. Chapter 2 of the principal Act is hereby repealed. Substitution of heading of Chapter 3 of Act 38 of 2001 5 10 15 - 6 Verify source ↗
The following heading is hereby substituted for the heading of Chapter 3:
The heading for Chapter 3 is replaced with a new heading about control measures for money laundering, financing of terrorist and related activities, and financial sanctions control measures.
6. The following heading is hereby substituted for the heading of Chapter 3: ‘‘[CONTROL MEASURES FOR] MONEY LAUNDERING, [AND] FINANCING OF TERRORIST AND RELATED ACTIVITIES AND FINANCIAL SANCTIONS CONTROL MEASURES’’ 20 Substitution of heading to Part 1 of Chapter 3 of Act 38 of 2001 - 7 Verify source ↗
The following heading is hereby substituted for the heading to Part 1 of Chapter 3:
This section replaces the heading for Part 1 of Chapter 3 with “Customer due diligence”.
7. The following heading is hereby substituted for the heading to Part 1 of Chapter 3: ‘‘[Duty to identify clients] Customer due diligence’’. Insertion of section 20A in Act 38 of 2001 25 - 8 Verify source ↗
The following section is hereby inserted in the principal Act after the heading to
This section inserts a new section in the principal Act about anonymous clients and clients using false or fictitious names.
8. The following section is hereby inserted in the principal Act after the heading to Part 1 of Chapter 3: ‘‘Anonymous clients and clients acting under false or fictitious names
Part
Part 1 of Chapter 3:
- 20A Verify source ↗
An accountable institution may not establish a business relationship
An accountable institution must not start a business relationship or make a single transaction with an anonymous client or a client using a false or fictitious name.
20A. An accountable institution may not establish a business relationship or conclude a single transaction with an anonymous client or a client with an apparent false or fictitious name.’’. 30 Amendment of section 21 of Act 38 of 2001 - 9 Verify source ↗
Section 21 of the principal Act is hereby amended by the substitution for subsection
An accountable institution must verify a client’s identity when entering into a single transaction or business relationship, in line with its risk and compliance programme.
9. Section 21 of the principal Act is hereby amended by the substitution for subsection (1) of the following subsection: ‘‘(1) [An accountable institution may not establish a business relationship or conclude a single transaction with a client unless the accountable institution has taken the prescribed steps] When an accountable institution engages with a prospective client to enter into a single transaction or to establish a business relationship, the institution must, in the course of concluding that single transaction or establishing that business relationship and in accordance with its Risk Management and Compliance Programme— (a) [to] establish and verify the identity of the client; 35 40 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 11 11 (v) die Onafhanklike Polisie-ondersoekdirektoraat; (vi) die Intelligensie-afdeling van die Nasionale Weermag; (vii) ’n Spesiale Ondersoekeenheid; (viii) die Openbare Beskermer; (ix) ’n ondersoekafdeling in ’n staatsorgaan; of (x) ’n toesighoudende liggaam, van inligting voorsien en van raad dien en met hulle saamwerk;’’; en (c) deur die volgende paragraaf na paragraaf (c) in te voeg: ‘‘(cA) inligting en leiding aan verantwoordingspligtige instellings voorsien wat verantwoordingspligtige instellings sal help om te voldoen aan vereistes om eiendom en transaksies te bevries na aanleiding van resolusies deur die Veiligheidsraad van die Verenigde Nasies deurgevoer, bedoel in ’n kennisgewing in artikel 26A beoog;’’. Wysiging van artikel 6 van Wet 38 van 2001 - 4 Verify source ↗
Artikel 6 word hierby gewysig deur subartikel (3) te skrap.
This provision amends Article 6 by deleting subsection (3) and refers to the repeal of Chapter 2 of Act 38 of 2001.
4. Artikel 6 word hierby gewysig deur subartikel (3) te skrap. Herroeping van Hoofstuk 2 van Wet 38 van 2001 - 5 Verify source ↗
Hoofstuk 2 van die Hoofwet word hierby herroep.
Chapter 2 of the principal Act is repealed.
5. Hoofstuk 2 van die Hoofwet word hierby herroep. Vervanging van opskrif van Hoofstuk 3 van Wet 38 van 2001 5 10 15 - 6 Verify source ↗
Die opskrif van Hoofstuk 3 word hierby deur die volgende opskrif vervang:
The heading of Chapter 3 is replaced with a new heading about anti-money laundering, terrorist and related activity financing, and financial sanctions control measures.
6. Die opskrif van Hoofstuk 3 word hierby deur die volgende opskrif vervang: 20 ‘‘[BEHEERMAATREËLS TEN OPSIGTE VAN] GELDWASSERY, [EN] DIE FINANSIËRING VAN TERRORISTE- EN VERWANTE AKTIWITEITE EN BEHEERMAATREËLS VIR FINANSIËLE SANKSIES’’ Vervanging van opskrif tot Deel 1 van Hoofstuk 3 van Wet 38 van 2001 25 - 7 Verify source ↗
Die opskrif tot Deel 1 van Hoofstuk 3 word hierby deur die volgende opskrif
The heading for Part 1 of Chapter 3 is replaced with a new heading: “[Plig om kliënte te identifiseer] Klante-omsigtigheid”.
7. Die opskrif tot Deel 1 van Hoofstuk 3 word hierby deur die volgende opskrif vervang: ‘‘[Plig om kliënte te identifiseer] Klante-omsigtigheid’’. Invoeging van artikel 20A in Wet 38 van 2001 - 8 Verify source ↗
Die volgende artikel word hierby na die opskrif tot Deel 1 van Hoofstuk 3 in die
An accountable institution must not enter a business relationship or single transaction with an anonymous client or a client using a clearly false or fictitious name.
8. Die volgende artikel word hierby na die opskrif tot Deel 1 van Hoofstuk 3 in die 30 Hoofwet ingevoeg: ‘‘Anonieme kliënte en kliënte wat onder vals of fiktiewe name handel 20A. ’n Verantwoordingspligtige instelling mag nie ’n sakeverhouding aangaan of ’n enkeltransaksie sluit met ’n anonieme kliënt of ’n kliënt met ’n klaarblyklik valse of fiktiewe naam nie.’’. 35 Wysiging van artikel 21 van Wet 38 van 2001 - 9 Verify source ↗
Artikel 21 van die Hoofwet word hierby gewysig deur subartikel (1) deur die
A responsible institution must verify a client’s identity, and sometimes the identity and authority of another person acting for the client, when opening a business relationship or handling a single transaction.
9. Artikel 21 van die Hoofwet word hierby gewysig deur subartikel (1) deur die volgende subartikel te vervang: ‘‘(1) [’n Verantwoordingspligtige instelling mag nie ’n sakeverhouding aangaan of ’n enkeltransaksie sluit met ’n kliënt nie tensy die verant- woordingspligtige instelling die voorgeskrewe stappe gedoen het om] Wanneer ’n verantwoordingspligtige instelling ’n voornemende kliënt betrek om ’n enkeltransaksie te sluit of om ’n sakeverhouding aan te gaan, moet die instelling in die loop van die sluit van daardie enkeltransaksie of aangaan van daardie sakeverhouding en ooreenkomstig sy Risikobestuur- en Nakomingsprogram— (a) die identiteit van die kliënt; 40 45 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 12 12 (b) (c) if the client is acting on behalf of another person, [to] establish and verify— (i) (ii) the identity of that other person; and the client’s authority to establish the business relationship or to conclude the single transaction on behalf of that other person; and if another person is acting on behalf of the client, [to] establish and verify— (i) (ii) the identity of that other person; and that other person’s authority to act on behalf of the client.’’. 5 Insertion of sections 21A, 21B, 21C, 21D, 21E, 21F, 21G and 21H in Act 38 of 2001 - 10 Verify source ↗
The following sections are hereby inserted in the principal Act after section 21:
This provision inserts new sections after section 21 in the principal Act, including one titled “Understanding and obtaining information on business relationship”.
10. The following sections are hereby inserted in the principal Act after section 21: ‘‘Understanding and obtaining information on business relationship 10 - 21A Verify source ↗
When an accountable institution engages with a prospective client
An accountable institution must gather extra information about a prospective client when opening a business relationship.
21A. When an accountable institution engages with a prospective client to establish a business relationship as contemplated in section 21, the institution must, in addition to the steps required under section 21 and in accordance with its Risk Management and Compliance Programme, obtain information to reasonably enable the accountable institution to determine whether future transactions that will be performed in the course of the business relationship concerned are consistent with the institution’s knowledge of that prospective client, including information describing— (a) (b) (c) the nature of the business relationship concerned; the intended purpose of the business relationship concerned; and the source of the funds which that prospective client expects to use in concluding transactions in the course of the business relationship concerned. 15 20 Additional due diligence measures relating to legal persons, trusts and partnerships 25 21B. (1) If a client contemplated in section 21 is a legal person or a natural person acting on behalf of a partnership, trust or similar arrangement between natural persons, an accountable institution must, in addition to the steps required under sections 21 and 21A and in accordance with its Risk Management and Compliance Programme, establish— (a) (b) the nature of the client’s business; and the ownership and control structure of the client. (2) If a client contemplated in section 21 is a legal person, an accountable institution must, in addition to the steps required under sections 21 and 21A and in accordance with its Risk Management and Compliance Programme— (a) establish the identity of the beneficial owner of the client by— (ii) (i) determining the identity of each natural person who, indepen- dently or together with another person, has a controlling ownership interest in the legal person; if in doubt whether a natural person contemplated in subpara- graph (i) is the beneficial owner of the legal person or no natural person has a controlling ownership interest in the legal person, determining the identity of each natural person who exercises control of that legal person through other means; or identified as contemplated in if a natural person is not subparagraph (ii), determining the identity of each natural person who exercises control over the management of the legal person, including in his or her capacity as executive officer, (iii) 30 35 40 45 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 13 13 (b) (c) indien die kliënt ten behoewe van ’n ander persoon optree, ook— (i) die identiteit van daardie ander persoon; en (ii) die kliënt se bevoegdheid om ten behoewe van daardie ander persoon die sakeverhouding aan te gaan of die enkeltransaksie te sluit; en indien ’n ander persoon ten behoewe van die kliënt optree, ook— (i) die identiteit van daardie ander persoon; en (ii) daardie ander persoon se bevoegdheid om ten behoewe van die kliënt op 5 te tree, [vas te stel] vasstel en [te] verifieer.’’. Invoeging van artikels 21A, 21B, 21C, 21D, 21E, 21F, 21G en 21H in Wet 38 van 2001 10 - 10 Verify source ↗
Die volgende artikels word hierby na artikel 21 in die Hoofwet ingevoeg:
This section inserts new articles after article 21 in the principal Act.
10. Die volgende artikels word hierby na artikel 21 in die Hoofwet ingevoeg: ‘‘Begrip en verkryging van inligting oor sakeverhouding toekomstige transaksies wat - 21A Verify source ↗
Wanneer ’n verantwoordingspligtige instelling ’n voornemende
An accountable institution must collect and verify extra customer due diligence information when dealing with prospective clients, especially for legal persons, partnerships, trusts, and similar arrangements.
21A. Wanneer ’n verantwoordingspligtige instelling ’n voornemende kliënt betrek om ’n sakeverhouding aan te gaan soos in artikel 21 beoog, moet die instelling, benewens die stappe kragtens artikel 21 vereis en ooreenkomstig sy Risikobestuur- en Nakomingsprogram, inligting verkry om die verantwoordingspligtige instelling redelik in staat te stel om vas te in die loop van die betrokke stel of sakeverhouding gesluit sal word, bestaanbaar is met die instelling se kennis van daardie voornemende kliënt, met inbegrip van inligting wat— (a) die aard van die betrokke sakeverhouding; (b) die voorgenome doel van die betrokke sakeverhouding; en (c) die bron van die fondse wat daardie voornemende kliënt voornemens is om te gebruik om saketransaksies in die loop van die betrokke sakeverhouding te beklink, beskryf. Bykomende omsigtigheidsmaatreëls aangaande regspersone, trusts en vennootskappe 21B. (1) Indien ’n kliënt beoog in artikel 21 ’n regspersoon of ’n natuurlike persoon is wat ten behoewe van ’n vennootskap, trust of soortgelyke reëling tussen natuurlike persone optree, moet ’n verant- woordingspligtige instelling, benewens die stappe kragtens artikels 21 en 21A vereis en ooreenkomstig sy Risikobestuur- en Nakomingsprogram— (a) die aard van die kliënt se sake; en (b) die eienaarskap en beheerstruktuur van die kliënt, vasstel. (2) Indien ’n kliënt in artikel 21 beoog ’n regspersoon is, moet ’n verantwoordingspligtige instelling, benewens die stappe kragtens artikels 21 en 21A vereis en ooreenkomstig sy Risikobestuur- en Nakomings- program— (a) die identiteit van die uiteindelik geregtigde van die kliënt vasstel deur— (ii) (iii) (i) die identiteit uit te vind van elke natuurlike persoon wat, ’n beherende iemand anders, onafhanklik of saam met eienaarskapsbelang in die regspersoon het; indien twyfel bestaan of ’n natuurlike persoon in subparagraaf (i) beoog die uiteindelik geregtigde van die regspersoon is of geen natuurlike persoon ’n beherende eienaarskapsbelang in die regspersoon het nie, die identiteit uit te vind van elke natuurlike persoon wat op ander maniere beheer oor daardie regspersoon uitoefen; of indien ’n natuurlike persoon nie geïdentifiseer is soos in subparagraaf (ii) bedoel nie, die identiteit van elke natuurlike te vind wat beheer oor die bestuur van die persoon uit inbegrip van in sy of haar regspersoon uitoefen, met 15 20 25 30 35 40 45 50 55 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 14 14 non-executive director, independent non-executive director, director or manager; and (b) take reasonable steps to verify the identity of the beneficial owner of the client, so that the accountable institution is satisfied that it knows who the beneficial owner is. (3) If a natural person, in entering into a single transaction or establishing a business relationship as contemplated in section 21, is acting on behalf of a partnership between natural persons, an accountable institution must, in addition to the steps required under sections 21 and 21A and in accordance with its Risk Management and Compliance Programme— (a) establish the identifying name of the partnership, if applicable; (b) establish the identity of every partner, including every member of a partnership en commandite, an anonymous partnership or any similar partnership; establish the identity of the person who exercises executive control over the partnership; (c) (f) (e) (d) establish the identity of each natural person who purports to be authorised to enter into a single transaction or establish a business relationship with the accountable institution on behalf of the partner- ship; take reasonable steps to verify the particulars obtained in paragraph (a); and take reasonable steps to verify the identities of the natural persons referred to in paragraphs (b) to (d) so that the accountable institution is satisfied that it knows the identities of the natural persons concerned. (4) If a natural person, in entering into a single transaction or establishing a business relationship as contemplated in section 21, is acting in pursuance of the provisions of a trust agreement between natural persons, an accountable institution must, in addition to the steps required under sections 21 and 21A and in accordance with its Risk Management and Compliance Programme— (a) establish the identifying name and number of the trust, if applicable; (b) establish the address of the Master of the High Court where the trust is registered, if applicable; establish the identity of the founder; (c) (d) establish the identity of— (i) (ii) each trustee; and each natural person who purports to be authorised to enter into a single transaction or establish a business relationship with the accountable institution on behalf of the trust; (e) establish— (i) (ii) the identity of each beneficiary referred to by name in the trust deed or other founding instrument in terms of which the trust is created; or if beneficiaries are not referred to by name in the trust deed or other founding instrument in terms of which the trust is created, the particulars of how the beneficiaries of the trust are determined; (f) (g) take reasonable steps to verify the particulars obtained in paragraphs (a), (b) and (e)(ii); and take reasonable steps to verify the identities of the natural persons referred to in paragraphs (c), (d) and (e)(i) so that the accountable institution is satisfied that it knows the identities of the natural persons concerned. (5) This section applies in respect of a legal person, partnership or trust or a similar arrangement between natural persons, whether it is incorpo- rated or originated in the Republic or elsewhere. 5 10 15 20 25 30 35 40 45 50 55 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 15 15 as hoedanigheid nieuitvoerende beampte, onafhanklike nieuitvoerende direkteur, direkteur of bestuurder; en uitvoerende beampte, (b) redelike stappe doen om die identiteit van die uiteindelik geregtigde van die kliënt te verifieer, sodat die verantwoordingspligtige instelling tevrede is dat hy weet wie die uiteindelik geregtigde is. (3) Indien ’n natuurlike persoon, by die sluit van ’n enkeltransaksie of aangaan van ’n sakeverhouding soos beoog in artikel 21, ten behoewe van ’n vennootskap tussen natuurlike persone optree, moet ’n verantwoordings- pligtige instelling, benewens die stappe kragtens artikels 21 en 21A en ooreenkomstig sy Risikobestuur- en Nakomingsprogram— (a) die identifiserende naam van die vennootskap vasstel, indien van toepassing; (b) die identiteit van elke vennoot vasstel, met inbegrip van elke lid van ’n vennootskap en commandite, ’n anonieme vennootskap of enige soortgelyke vennootskap; (c) die identiteit vasstel van die persoon wat uitvoerende beheer oor die vennootskap uitoefen; (e) (d) die identiteit vasstel van elke natuurlike persoon wat voorgee om gemagtig te wees om namens die vennootskap ’n enkeltransaksie te sluit of ’n sakeverhouding aan te gaan met die verantwoordings- pligtige instelling; redelike stappe doen om die besonderhede wat kragtens paragraaf (a) verkry is, te verifieer; en redelike stappe doen om die identiteite van die natuurlike persone in paragrawe (b) tot (d) bedoel te verifieer sodat die verantwoordings- pligtige instelling tevrede is dat hy die identiteite van die betrokke natuurlike persone ken. (f) (4) Indien ’n natuurlike persoon, by die sluit van ’n enkeltransaksie of die aangaan van ’n sakeverhouding soos beoog in artikel 21, ingevolge die bepalings van ’n trustooreenkoms tussen natuurlike persone optree, moet ’n verantwoordingspligtige instelling, benewens die stappe kragtens artikels 21 en 21A vereis en ooreenkomstig sy Risikobestuur- en Nakomings- program— (a) die identifiserende naam en nommer van die trust vasstel, indien van toepassing; (b) die adres van die Meester van die Hooggeregshof waar die trust geregistreer is, vasstel, indien van toepassing; (c) die identiteit van die stigter vasstel; (d) die identiteit vasstel van— (i) (ii) elke trustee; en elke natuurlike persoon wat voorgee om gemagtig te wees om namens die trust ’n enkeltransaksie te sluit of ’n sake- verhouding aan te gaan met die verantwoordingspligtige instelling; (ii) (i) die identiteit vasstel van elke begunstigde wat in die trustakte of ander stigtingsakte ingevolge waarvan die trust geskep is, by die naam genoem word; of indien begunstigdes nie in die trustakte of ander stigtingsakte ingevolge waarvan die trust geskep is by die naam genoem word nie, die besonderhede vasstel van hoe die begunstigdes van die trust bepaal word; redelike stappe doen om die besonderhede in paragrawe (a), (b) en (e)(ii) verkry, te verifieer; en redelike stappe doen om die identiteite te verifieer van die natuurlike persone in paragrawe (c), (d) en (e)(i) bedoel sodat die verant- woordingspligtige instelling tevrede is dat hy die identiteite van die betrokke natuurlike persone ken. (e) (f) (g) (5) Hierdie artikel is van toepassing ten opsigte van ’n regspersoon, vennootskap of trust of ’n soortgelyke reëling tussen natuurlike persone, hetsy dit in die Republiek of elders ingelyf is of vandaan kom. 5 10 15 20 25 30 35 40 45 50 55 60 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 16 16 Ongoing due diligence - 21C Verify source ↗
An accountable institution must, in accordance with its Risk
An accountable institution must carry out ongoing due diligence on business relationships and keep client verification information up to date.
21C. An accountable institution must, in accordance with its Risk Management and Compliance Programme, conduct ongoing due diligence in respect of a business relationship, which includes— (a) monitoring of transactions undertaken throughout the course of the relationship, including, where necessary— (i) (ii) the source of funds, the transactions are to ensure that consistent with the accountable institution’s knowledge of the client and the client’s business and risk profile; and the background and purpose of all complex, unusual large transactions, and all unusual patterns of transactions, which have no apparent business or lawful purpose; and (b) keeping information obtained for the purpose of establishing and verifying the identities of clients pursuant to sections 21, 21A and 21B of this Act, up to date. Doubts about veracity of previously obtained information - 21D Verify source ↗
When an accountable institution, subsequent to entering into a
If an accountable institution doubts previously obtained information after a single transaction or business relationship starts, it must repeat the verification steps under sections 21 and 21B as needed.
21D. When an accountable institution, subsequent to entering into a single transaction or establishing a business relationship, doubts the veracity or adequacy of previously obtained information which the institution is required to verify as contemplated in sections 21 and 21B, the institution must repeat the steps contemplated in sections 21 and 21B in accordance with its Risk Management and Compliance Programme and to the extent that is necessary to confirm the information in question. Inability to conduct customer due diligence - 21E Verify source ↗
If an accountable institution is unable to—
If an accountable institution cannot verify a client’s identity, get required information, or do ongoing due diligence, it must not start or continue certain client transactions and must end the relationship.
21E. If an accountable institution is unable to— (a) establish and verify the identity of a client or other relevant person in accordance with section 21 or 21B; conduct ongoing due diligence as contemplated in section 21C, (b) obtain the information contemplated in section 21A; or (c) the institution— (i) may not establish a business relationship or conclude a single transaction with a client; (ii) may not conclude a transaction in the course of a business relationship, or perform any act to give effect to a single transaction; or (iii) must terminate, in accordance with its Risk Management and Compliance Programme, an existing business relationship with a client, as the case may be, and consider making a report under section 29 of this Act. Foreign prominent public official - 21F Verify source ↗
If an accountable institution determines in accordance with its Risk
An accountable institution must get senior management approval, verify source of wealth and funds, and apply enhanced ongoing monitoring when it identifies a prospective client or beneficial owner as a foreign prominent public official under its risk programme.
21F. If an accountable institution determines in accordance with its Risk Management and Compliance Programme that a prospective client with whom it engages to establish a business relationship, or the beneficial owner of that prospective client, is a foreign prominent public official, the institution must— (a) obtain senior management approval for establishing the business relationship; take reasonable measures to establish the source of wealth and source of funds of the client; and conduct enhanced ongoing monitoring of the business relationship. (b) (c) Domestic prominent influential person - 21G Verify source ↗
If an accountable institution determines that a prospective client
This section begins a rule that applies when an accountable institution identifies a prospective client, or that client’s beneficial owner, as a domestic prominent influential person.
21G. If an accountable institution determines that a prospective client with whom it engages to establish a business relationship, or the beneficial owner of that prospective client, is a domestic prominent influential person 5 10 15 20 25 30 35 40 45 50 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 17 17 Voortgesette omsigtigheid 21C. ’n Verantwoordingspligtige instelling moet, ooreenkomstig sy Risikobestuur- en Nakomingsprogram, voortgesette omsigtigheid ten opsigte van ’n sakeverhouding uitvoer, wat insluit— (a) monitering van transaksies deur die loop van die verhouding, met inbegrip van, waar nodig— (i) die bron van fondse, om te verseker dat die transaksies bestaanbaar is met die verantwoordingspligtige instelling se kennis van die kliënt en die kliënt se sake- en risikoprofiel; en (ii) die agtergrond en doel van alle ingewikkelde, ongewoon groot transaksies, en alle ongewone patrone van transaksies, wat geen waarneembare sake- of wettige doel het nie; en (b) om inligting wat verkry is met die doel om die identiteite van kliënte ingevolge artikel 21, 21A en 21B van hierdie Wet vas te stel, bygewerk te hou. Twyfel oor geloofwaardigheid van inligting wat voorheen verkry is - 21D Verify source ↗
Wanneer ’n verantwoordingspligtige instelling, na die sluit van ’n
If an accountable institution becomes unsure about previously obtained information after a single transaction or business relationship starts, it must repeat the verification steps in articles 21 and 21B as needed.
21D. Wanneer ’n verantwoordingspligtige instelling, na die sluit van ’n enkeltransaksie of die aangaan van ’n sakeverhouding, twyfel oor die betroubaarheid of genoegsaamheid van inligting wat voorheen verkry is wat die instelling moet verifieer soos in artikels 21 en 21B beoog, moet die instelling die stappe in artikels 21 en 21B beoog, ooreenkomstig sy Risikobestuur- en Nakomingsprogram en tot die mate nodig om die betrokke inligting te bevestig, herhaal. 5 10 15 20 Onvermoë om klante-omsigtigheid uit te voer - 21E Verify source ↗
Indien ’n verantwoordingspligtige instelling nie in staat is om—
If an accountable institution cannot verify a client’s identity, obtain required information, or carry out ongoing due diligence, it must not start or continue the relationship or transaction, and may need to end an existing relationship and consider reporting.
21E. Indien ’n verantwoordingspligtige instelling nie in staat is om— (a) die identiteit van ’n kliënt of ander tersaaklike persoon ooreenkomstig 25 artikel 21 of 21B vas te stel of te verifieer nie; (b) die inligting in artikel 21A beoog, te verkry nie; of (c) voortgesette omsigtigheid soos beoog in artikel 21C te verrig nie— (i) kan die instelling nie ’n sakeverhouding aangaan of ’n 30 enkeltransaksie met ’n kliënt sluit nie; (ii) kan die instelling nie ’n transaksie in die loop van ’n sakeverhouding sluit nie, of enige handeling verrig om gevolg aan ’n enkeltransaksie te gee nie; of (iii) moet die instelling, ooreenkomstig sy Risikobestuur- en Nakomingsprogram, ’n bestaande sakeverhouding met ’n kliënt beëindig, na gelang van die geval, en oorweeg om ’n verslag kragtens artikel 29 van hierdie Wet te doen. Buitelandse-vooraanstaande-openbare-beampte - 21F Verify source ↗
Indien ’n verantwoordingspligtige instelling ooreenkomstig sy
If an accountable institution identifies a prospective client or that client’s ultimate beneficial owner as a foreign prominent public official, it must get senior management approval, check the source of wealth and funds, and apply enhanced ongoing monitoring.
21F. Indien ’n verantwoordingspligtige instelling ooreenkomstig sy Risikobestuur- en Nakomingsprogram vasstel dat ’n voornemende kliënt waarmee hy ’n sakeverhouding sluit, of die uiteindelik geregtigde van daardie voornemende kliënt, ’n buitelandse-vooraanstaande-openbare- beampte is, moet die instelling— (a) senior bestuur se goedkeuring verkry om die sakeverhouding aan te gaan; redelike stappe doen om die bron van rykdom en bron van fondse van die kliënt vas te stel; en (b) 35 40 45 (c) verbeterde voortgesette monitering van die sakeverhouding doen. 50 Binnelandse-vooraanstaande-invloedryke-persoon - 21G Verify source ↗
Indien ’n verantwoordingspligtige instelling vasstel dat ’n voor-
If a reporting institution identifies a prospective client or that client’s beneficial owner as a domestic prominent influential person, and the relationship is higher risk, the institution must get senior management approval, determine source of wealth and funds, and carry out enhanced ongoing monitoring.
21G. Indien ’n verantwoordingspligtige instelling vasstel dat ’n voor- nemende kliënt met wie hy onderhandel om ’n sakeverhouding aan te gaan, of die uiteindelik geregtigde van daardie voornemende kliënt, ’n binnelandse-vooraanstaande-invloedryke-persoon is en dat, ooreenkomstig 55 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 18 18 and that, in accordance with its Risk Management and Compliance Programme, the prospective business relationship entails higher risk, the institution must— (a) obtain senior management approval for establishing the business relationship; take reasonable measures to establish the source of wealth and source of funds of the client; and conduct enhanced ongoing monitoring of the business relationship. (b) (c) Family members and known close associates 21H. (1) Sections 21F and 21G apply to immediate family members and known close associates of a person in a foreign or domestic prominent position, as the case may be. (2) For the purposes of subsection (1), an immediate family member includes— (a) (b) (c) the spouse, civil partner or life partner; the previous spouse, civil partner or life partner, if applicable; children and step children and their spouse, civil partner or life partner; (d) parents; and (e) sibling and step sibling and their spouse, civil partner or life partner.’’. Substitution of section 22 of Act 38 of 2001 - 11 Verify source ↗
The following section is hereby substituted for section 22 of the principal Act:
An accountable institution must keep records of client or prospective client information obtained under sections 21 to 21H.
11. The following section is hereby substituted for section 22 of the principal Act: ‘‘Obligation to keep customer due diligence records 22. (1) When an accountable institution is required to obtain information pertaining to a client or prospective client pursuant to sections 21 to 21H the institution must keep a record of that information. (2) Without limiting subsection (1), the records must— (a) (b) include copies of, or references to, information provided to or obtained by the accountable institution to verify a person’s identity; and in the case of a business relationship, reflect the information obtained by the accountable institution under section 21A concerning— (i) (ii) (iii) the nature of the business relationship; the intended purpose of the business relationship; and the source of the funds which the prospective client is expected to use in concluding transactions in the course of the business relationship.’’. Insertion of section 22A in Act 38 of 2001 - 12 Verify source ↗
The following section is hereby inserted in the principal Act after section 22:
An accountable institution must keep transaction records that let each transaction be readily reconstructed.
12. The following section is hereby inserted in the principal Act after section 22: 5 10 15 20 25 30 35 ‘‘Obligation to keep transaction records 22A. (1) An accountable institution must keep a record of every transaction, whether the transaction is a single transaction or concluded in the course of a business relationship which that accountable institution has with the client, that are reasonably necessary to enable that transaction to be readily reconstructed. 40 (2) Without limiting subsection (1), records must reflect the following 45 information: (a) The amount involved and the currency in which it was denominated; the date on which the transaction was concluded; (b) the parties to the transaction; (c) the nature of the transaction; (d) (e) business correspondence; and 50 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 19 19 sy Risikobestuur- en Nakomingsprogram, die voorgenome sakeverhouding groter risiko behels, moet die instelling— (a) senior bestuur se goedkeuring vir die aangaan van die sakeverhouding verkry; redelike stappe doen om die bron van rykdom en bron van fondse van die kliënt vas te stel; en (b) (c) verbeterde voortgesette monitering van die sakeverhouding doen. Gesinslede en bekende nabye vennote 21H. (1) Artikels 21F en 21G is van toepassing op die gesinslede en bekende nabye vennote van ’n persoon in ’n buitelandse of binnelandse vooraanstaande posisie, na gelang van die geval. (2) By die toepassing van subartikel (1), is ’n gesinslid ook— (a) die gade, burgerlike lewensmaat of lewensmaat; (b) die vorige gade, burgerlike lewensmaat of lewensmaat, indien van toepassing; (c) kinders en stiefkinders en hul gade, burgerlike lewensmaat of lewensmaat; (d) ouers; en (e) broer of suster en stiefbroer of stiefsuster en hul gade, burgerlike lewensmaat of lewensmaat.’’. Vervanging van artikel 22 van Wet 38 van 2001 - 11 Verify source ↗
Artikel 22 van die Hoofwet word hierby deur die volgende artikel vervang:
A responsible institution must keep records of customer or prospective customer information and include specified identity-verification and business-relationship details.
11. Artikel 22 van die Hoofwet word hierby deur die volgende artikel vervang: ‘‘Verpligting om klante-omsigtigheidrekords te hou 22. (1) Wanneer ’n verantwoordingspligtige instelling na aanleiding van artikels 21 tot 21H inligting oor ’n kliënt of voornemende kliënt moet kry, moet die instelling ’n rekord van daardie inligting hou. (2) Sonder om subartikel (1) te beperk, moet die rekords— (a) afskrifte van, of verwysings na, inligting insluit wat aan die verantwoordingspligtige instelling voorsien is of deur hom verkry is om ’n persoon se identiteit te verifieer; en in die geval van ’n sakeverhouding, die inligting weergee wat die verantwoordingspligtige instelling kragtens artikel 21A verkry het aangaande— (b) (i) die aard van die sakeverhouding; (ii) die voorgenome doel van die sakeverhouding; en (iii) die bron van die fondse wat die voornemende kliënt na verwagting gaan gebruik om transaksies in die loop van die sakeverhouding te beklink.’’. 5 10 15 20 25 30 35 Invoeging van artikel 22A in Wet 38 van 2001 - 12 Verify source ↗
Die volgende artikel word hierby na artikel 22 in die Hoofwet ingevoeg:
An accountable institution must keep records of each transaction.
12. Die volgende artikel word hierby na artikel 22 in die Hoofwet ingevoeg: 40 ‘‘Verpligting om transaksierekords te hou 22A. (1) ’n Verantwoordingspligtige instelling moet ’n rekord van elke transaksie hou, hetsy die transaksie ’n enkeltransaksie is of in die loop van ’n sakeverhouding gesluit is wat daardie verantwoordingspligtige instelling met die kliënt het, wat redelik nodig is sodat daardie transaksie geredelik hersaamgestel kan word. (2) Sonder om subartikel (1) te beperk, moet rekords die volgende inligting weergee: (a) Die betrokke bedrag en die geldeenheid waarin dit gedenomineer is; (b) die datum waarop die transaksie aangegaan is; (c) die partye tot die transaksie; (d) die aard van die transaksie; sakekorrespondensie; en (e) 45 50 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 20 20 (f) if an accountable institution provides account facilities to its clients, the identifying particulars of all accounts and the account files at the accountable institution that are related to the transaction.’’. Substitution of section 23 of Act 38 of 2001 - 13 Verify source ↗
The following section is hereby substituted for section 23 of the principal Act:
This provision is titled “Period for which records must be kept.”
13. The following section is hereby substituted for section 23 of the principal Act: 5 ‘‘Period for which records must be kept - 23 Verify source ↗
An accountable institution must keep the records [referred to in
An accountable institution must keep certain records for at least five years.
23. An accountable institution must keep the records [referred to in section 22] which relate to— (a) the establishment of a business relationship referred to in section 22, for at least five years from the date on which the business relationship is terminated; (b) a transaction referred to in section 22A which is concluded, for at least five years from the date on which that transaction is concluded; and a transaction or activity which gave rise to a report contemplated in section 29, for at least five years from the date on which the report was submitted to the Centre.’’. (c) Substitution of section 24 of Act 38 of 2001 - 14 Verify source ↗
The following section is hereby substituted for section 24 of the principal Act:
An accountable institution may let a third party keep required records, but only if it still has easy access to them and they can be provided to the Centre and supervisory body. If it uses a third party, it must promptly give those bodies the prescribed details about that third party.
14. The following section is hereby substituted for section 24 of the principal Act: ‘‘Records may be kept in electronic form and by third parties 24. (1) The duties imposed by [section] sections 22 and 22A on an accountable institution to keep a record of the matters specified in [that section] those sections may be performed by a third party on behalf of the accountable institution as long as the accountable institution has free and easy access to the records and the records are readily available to the Centre and the relevant supervisory body for the purposes of performing its functions in terms of this Act. (2) If a third party referred to in subsection (1) fails to properly comply with the requirements of [section] sections 22 and 22A on behalf of the accountable institution concerned, the accountable institution is liable for that failure. (3) If an accountable institution appoints a third party to perform the duties imposed on it by [section] sections 22 and 22A, the accountable institution must forthwith provide the Centre and the supervisory body concerned with the prescribed particulars regarding the third party. (4) Records kept in terms of sections 22 and 22A may be kept in electronic form and must be capable of being reproduced in a legible format.’’. Substitution of section 25 of Act 38 of 2001 - 15 Verify source ↗
The following section is hereby substituted for section 25 of the principal Act:
This section substitutes a new section 25 titled “Admissibility of records.”
15. The following section is hereby substituted for section 25 of the principal Act: ‘‘Admissibility of records - 25 Verify source ↗
A record kept in terms of section 22, 22A or [section] 24, or a
A court may admit certain records or certified extracts as evidence when they are produced in court.
25. A record kept in terms of section 22, 22A or [section] 24, or a certified extract of any such record, or a certified print-out of any extract of an electronic record, is on its mere production in a matter before a court admissible as evidence of any fact contained in it of which direct oral evidence would be admissible.’’. 10 15 20 25 30 35 40 45 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 21 21 (f) as ’n verantwoordingspligtige instelling rekeningsfasiliteite aan sy kliënte voorsien, die identifiserende besonderhede van alle rekeninge en die rekeningslêers by die verantwoordingspligtige instelling wat met die transaksie verband hou.’’. Vervanging van artikel 23 van Wet 38 van 2001 - 13 Verify source ↗
Artikel 23 van die Hoofwet word hierby deur die volgende artikel vervang:
An accountable institution must keep certain records for at least five years after the relevant event.
13. Artikel 23 van die Hoofwet word hierby deur die volgende artikel vervang: ‘‘Tydperk waarvoor rekords gehou moet word 23. ’n Verantwoordingspligtige instelling moet die rekords [in artikel 22 bedoel] wat verband hou met— (a) die aangaan van ’n sakeverhouding in artikel 22 bedoel, hou vir minstens vyf jaar vanaf die datum waarop die sakeverhouding beëindig word; ’n transaksie in artikel 22A bedoel wat gesluit word, hou vir minstens vyf jaar vanaf die datum waarop daardie transaksie gesluit word; en ’n transaksie of aktiwiteit wat aanleiding gegee het tot ’n verslag in artikel 29 beoog, vir minstens vyf jaar vanaf die datum waarop die verslag aan die Sentrum voorgelê is, hou.’’. (b) (c) 5 10 15 Vervanging van artikel 24 van Wet 38 van 2001 - 14 Verify source ↗
Artikel 24 van die Hoofwet word hierby deur die volgende artikel vervang:
An accountable institution may let a third party keep required records and perform certain record-keeping duties, but the institution must still have access to the records, notify the Centre and the relevant supervisory body when appointing the third party, and ensure the records can be duplicated in readable form.
14. Artikel 24 van die Hoofwet word hierby deur die volgende artikel vervang: ‘‘Rekords kan in elektroniese formaat en deur derde partye gehou word 20 24. (1) Die pligte wat by [artikel] artikels 22 en 22A aan ’n verantwoordingspligtige instelling opgelê word om ’n rekord te hou van die aangeleenthede in daardie [artikel] artikels vermeld, kan deur ’n derde party ten behoewe van die verantwoordingspligtige instelling uitgevoer word, mits die verantwoordingspligtige instelling vrye en maklike toegang tot die rekords het en die rekords geredelik aan die Sentrum en die tersaaklike toesighoudende liggaam beskikbaar is vir die uitvoering van sy werksaamhede ingevolge hierdie Wet. (2) Indien ’n derde party bedoel in subartikel (1) versuim om die vereistes van [artikel] artikels 22 en 22A behoorlik ten behoewe van die betrokke die is verantwoordingspligtige instelling aanspreeklik vir daardie versuim. verantwoordingspligtige instelling kom, na te (3) Indien ’n verantwoordingspligtige instelling ’n derde party aanstel om die pligte by [artikel] artikels 22 en 22A aan hom opgelê, uit te voer, moet die verantwoordingspligtige instelling die Sentrum en die betrokke toesighoudende liggaam onverwyld van die voorgeskrewe besonderhede aangaande die derde party voorsien. (4) Rekords ingevolge artikels 22 en 22A gehou kan in elektroniese formaat gehou word en moet in ’n leesbare formaat gedupliseer kan word.’’. Vervanging van artikel 25 van Wet 38 van 2001 - 15 Verify source ↗
Artikel 25 van die Hoofwet word hierby deur die volgende artikel vervang:
Records kept under the listed sections, and certain certified extracts or printouts from them, are admissible as evidence when simply presented in court.
15. Artikel 25 van die Hoofwet word hierby deur die volgende artikel vervang: 25 30 35 40 ‘‘Toelaatbaarheid van rekords 25. ’n Rekord wat ingevolge artikel 22, 22A of [artikel] 24 gehou word, of ’n ’n gesertifiseerde uittreksel uit enige sodanige rekord, of gesertifiseerde drukstuk van ’n uittreksel uit ’n elektroniese rekord, is by die blote voorlegging daarvan in ’n saak voor ’n hof toelaatbaar as getuienis van ’n feit vervat daarin waarvan regstreekse mondelinge getuienis toelaatbaar sou wees.’’. 45 50 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 22 22 Repeal of section 26 of Act 38 of 2001, as amended by section 7 of Act 11 of 2008 - 16 Verify source ↗
Section 26 of the principal Act is hereby repealed.
Section 26 of the principal Act is repealed.
16. Section 26 of the principal Act is hereby repealed. Insertion of Part 2A and sections 26A, 26B and 26C in Act 38 of 2001 - 17 Verify source ↗
The following heading and sections are hereby inserted in the principal Act after
The Minister must publish notice of certain UN Security Council financial sanctions resolutions, the Director must later publish notices about listed persons or delisted resolutions, and no person may deal in property, services, or economic support for the benefit of listed persons or entities.
17. The following heading and sections are hereby inserted in the principal Act after section 26: ‘‘Part 2A Financial sanctions Notification of persons and entities identified by Security Council of the United Nations 26A. (1) Upon the adoption of a resolution by the Security Council of the United Nations under Chapter VII of the Charter of the United Nations, providing for financial sanctions which entail the identification of persons or entities against whom member states of the United Nations must take the actions specified in the resolution, the Minister must announce the adoption of the resolution by notice in the Gazette and other appropriate means of publication. (2) This section does not apply to resolutions of the Security Council of the United Nations contemplated in section 25 of the Protection of Constitutional Democracy against Terrorist and Related Activities Act, 2004 (Act No. 33 of 2004). (3) Following a notice contemplated in subsection (1) the Director must, from time to time and by appropriate means of publication, give notice of— (a) persons and entities being identified by the Security Council of the United Nations pursuant to a resolution contemplated in subsection (1); and (b) a decision of the Security Council of the United Nations to no longer apply a resolution contemplated in subsection (1) to previously identified persons or entities. (4) The Minister may revoke a notice contemplated in subsection (1) if the Minister is satisfied that the notice is no longer necessary to give effect to financial sanctions in terms of a resolution contemplated in subsection (1). Prohibitions relating to persons and entities identified by Security Council of the United Nations 5 10 15 20 25 30 26B. (1) No person may, directly or indirectly, in whole or in part, and by 35 any means or method— (a) acquire, collect, use, possess or own property; (b) provide or make available, or invite a person to provide or make available property; (c) provide or make available, or invite a person to provide or make 40 available any financial or other service; (d) provide or make available, or invite a person to provide or make (e) available economic support; or facilitate the acquisition, collection, use or provision of property, or the provision of any financial or other service, or the provision of economic support, intending that the property, financial or other service or economic support, as the case may be, be used, or while the person knows or ought reasonably to have known or suspected that the property, service or support concerned will be used, directly or indirectly, in whole or in part, for the benefit of, or 45 50 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 23 23 Herroeping van artikel 26 van Wet 38 van 2001, soos gewysig deur artikel 7 van Wet 11 van 2008 - 16 Verify source ↗
Artikel 26 van die Hoofwet word hierby herroep.
This provision repeals Article 26 of the Hoofwet and inserts Part 2A plus Articles 26A, 26B, and 26C into Act 38 of 2001.
16. Artikel 26 van die Hoofwet word hierby herroep. Invoeging van Deel 2A en artikels 26A, 26B en 26C in Wet 38 van 2001 - 17 Verify source ↗
Die volgende opskrif en artikels word hierby na artikel 26 in die Hoofwet
The Minister must announce certain UN financial-sanctions resolutions, the Director must publish related notices, and persons are prohibited from dealing with property, services, or support connected to listed persons or entities unless permitted.
17. Die volgende opskrif en artikels word hierby na artikel 26 in die Hoofwet 5 ingevoeg: ‘‘Deel 2A Finansiële sanksies Kennisgewing van persone en entiteite deur Veiligheidsraad van Verenigde Nasies geïdentifiseer 10 26A. (1) By die deurvoer van ’n resolusie deur die Veiligheidsraad van die Verenigde Nasies kragtens Hoofstuk VII van die Handves van die Verenigde Nasies, wat vir finansiële sanksies voorsiening maak wat die identifikasie behels van persone of entiteite teen wie lidstate van die Verenigde Nasies die stappe in die resolusie vermeld, moet instel, moet die Minister die deurvoer van die resolusie by kennisgewing in die Staatskoerant en ander gepaste publikasiemiddels, aankondig. (2) Hierdie artikel is nie van toepassing nie op die resolusies van die Veiligheidsraad beoog in artikel 25 van die Wet op Beskerming van Konstitusionele Demokrasie teen Terroriste- en Verwante Aktiwiteite, 2004 (Wet No. 33 van 2004). (3) Na aanleiding van ’n kennisgewing in subartikel (1) bedoel, moet die Direkteur, van tyd tot tyd en deur gepaste publikasiemiddels, kennis gee van— (a) persone en entiteite wat deur die Veiligheidsraad van die Verenigde Nasies geïdentifiseer word ingevolge ’n resolusie in subartikel (1) beoog; en ’n besluit van die Veiligheidsraad om nie ’n resolusie in subartikel (1) beoog op persone of entiteite wat voorheen geïdentifiseer is, toe te pas nie. (b) (4) Die Minister kan ’n kennisgewing beoog in subartikel (1) intrek indien die Minister oortuig is dat die kennisgewing nie meer nodig is om gevolg te gee aan finansiële sanksies ingevolge ’n resolusie in subartikel (1) beoog nie. 15 20 25 30 Verbodsbepalings aangaande persone en entiteite deur Veiligheidsraad van Verenigde Nasies geïdentifiseer 35 26B. (1) Geen persoon mag, regstreeks of onregstreeks, in die geheel of gedeeltelik, en by enige wyse of metode— (a) eiendom verkry, versamel, gebruik of besit nie; (b) eiendom voorsien of beskikbaar stel, of ’n persoon nooi om eiendom (c) te voorsien of beskikbaar te stel nie; enige finansiële of ander diens voorsien of beskikbaar stel, of ’n persoon nooi om ’n finansiële of ander diens te voorsien of beskikbaar te stel nie; (d) ekonomiese ondersteuning voorsien of beskikbaar stel of ’n persoon nooi om ekonomiese ondersteuning te voorsien of beskikbaar te stel nie; of (e) die verkryging, versameling, gebruik of voorsiening van eiendom, of die voorsiening van enige finansiële of ander diens, of die voorsiening van ekonomiese ondersteuning, vergemaklik nie, met die voorneme dat die eiendom, finansiële of ander diens of ekonomiese ondersteuning, na gelang van die geval, gebruik word, of terwyl die persoon weet of redelikerwys moes geweet of vermoed het dat die betrokke regstreeks of eiendom, diens of ondersteuning gebruik sou word, 40 45 50 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 24 24 on behalf of, or at the direction of, or under the control of a person or an entity identified pursuant to a resolution of the Security Council of the United Nations contemplated in a notice referred to in section 26A(1). (2) No person may, directly or indirectly, in whole or in part, and by any means or method deal with, enter into or facilitate any transaction or perform any other act in connection with property which such person knows or ought reasonably to have known or suspected to have been acquired, collected, used, possessed, owned or provided for the benefit of, or on behalf of, or at the direction of, or under the control of a person or an entity identified pursuant to a resolution of the Security Council of the United Nations contemplated in a notice referred to in section 26A(1). (3) No person who knows or ought reasonably to have known or suspected that property is property referred to in subsection (1), may enter into, or become concerned in, an arrangement which in any way has or is likely to have the effect of— (a) making it possible for a person or an entity identified pursuant to a resolution of the Security Council of the United Nations contemplated in a notice referred to in section 26A(1) to retain or control the property; (b) converting the property; (c) concealing or disguising the nature, source, location, disposition or movement of the property, the ownership thereof or any interest anyone may have therein; removing the property from a jurisdiction; or transferring the property to a nominee. (d) (e) Permitted financial services and dealing with property 26C. (1) The Minister may, in writing and on the conditions as he or she considers appropriate and in accordance with a resolution of the Security Council of the United Nations contemplated in a notice referred to in section 26A(1), permit a person to conduct financial services or deal with property referred to in section 26B in the circumstances referred to in subsection (2). (2) The Minister may permit the provision of financial services or the dealing with property if it is necessary to— (a) provide for basic expenses, including, at least— foodstuffs; rent or mortgage; (i) (ii) (iii) medicines or medical treatment; taxes; (iv) (v) insurance premiums; (vi) public utility charges; (vii) maintenance orders; (viii) (ix) reasonable professional fees, and reimbursement of expenses associated with the provision of legal services; (b) satisfy a judgment or arbitral award that was made before the date on which the person or entity was identified by the Security Council of the United Nations; (c) make a payment to a third party which is due under a contract, agreement or other obligation made before the date on which the person or entity was identified by the Security Council of the United Nations; (d) accrue interest or other earnings due on accounts holding property affected by a prohibition under section 26B; (e) make a payment due to a person or entity affected by a prohibition under section 26B by virtue of a contract, agreement or other obligation made before the date on which the person or entity was identified by the Security Council of the United Nations: Provided that the payment is not directly or indirectly being received by that person or entity. 5 10 15 20 25 30 35 40 45 50 55 60 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 25 25 onregstreeks, in geheel of gedeeltelik, tot voordeel van, of ten behoewe van, of in opdrag van, of onder die beheer van ’n persoon of ’n entiteit geïdentifiseer ingevolge ’n resolusie van die Veiligheidsraad van die Verenigde Nasies bedoel in ’n kennisgewing in artikel 26A(1) beoog. (2) Geen persoon mag, regstreeks of onregstreeks, in die geheel of gedeeltelik, en op enige wyse of metode ’n transaksie aangaan of vergemaklik of enige ander handeling verrig nie in verband met eiendom wat daardie persoon weet of redelikerwys moes geweet of vermoed het verkry, versamel, gebruik, besit of voorsien is ten bate van, of ten behoewe van, of in opdrag van, of onder die beheer van ’n persoon of ’n entiteit geïdentifiseer ingevolge ’n resolusie van die Veiligheidsraad van die Verenigde Nasies in ’n kennisgewing in artikel 26A(1) bedoel. (3) Geen persoon wat weet of redelikerwys moes geweet het of vermoed het dat eiendom in subartikel (1) bedoelde eiendom is, mag ’n reëling tref nie, of aangaan nie, of betrokke raak by nie, wat op enige wyse of waarskynlik die uitwerking het dat— ’n persoon of entiteit (a) dit vir ingevolge ’n resolusie van die Veiligheidsraad van die Verenigde Nasies beoog in ’n kennisgewing in artikel 26A(1) bedoel, moontlik maak om die eiendom te behou of te beheer; (b) die eiendom omgeskakel word; (c) die aard, bron, ligging, opstelling of beweging van die eiendom, eienaarskap daarvan of enige belang wat enigiemand daarin het, verberg of verbloem word; (d) die eiendom uit ’n regsgebied verwyder word; of (e) die eiendom na ’n benoemde oorgedra word. Toegelate finansiële dienste en hantering van eiendom 26C. (1) Die Minister kan, op skrif en op die voorwaardes wat hy of sy gepas ag en ooreenkomstig ’n resolusie van die Veiligheidsraad van die Verenigde Nasies beoog in ’n kennisgewing in artikel 26A(1) bedoel, ’n persoon toelaat om finansiële dienste te lewer of eiendom in artikel 26B bedoel te hanteer in die omstandighede in subartikel (2) bedoel. (2) Die Minister kan die voorsiening van finansiële dienste of die 5 10 15 20 25 30 hantering van eiendom toelaat indien dit nodig is om— (a) vir basiese uitgawes voorsiening te maak, met inbegrip van ten 35 minste— (i) voedsel; (ii) huur of verband; (iii) medisynes of mediese behandeling; (iv) belasting; (v) versekeringspremies; (vi) nutsbedryfheffings; (vii) onderhoudsbevele; (viii) (ix) redelike professionele gelde; en terugbetaling van uitgawes wat met die voorsiening van regsdienste gepaard gaan; (b) (c) (d) (e) ’n beslissing of arbitertoekenning te vervul wat gemaak is voor die datum waarop die persoon of entiteit deur die Veiligheidsraad van die Verenigde Nasies geïdentifiseer is; aan ’n derde party ’n betaling te maak wat verskuldig is kragtens ’n kontrak, ooreenkoms of ander verpligting aangegaan voor die datum waarop die persoon of entiteit deur die Veiligheidsraad van die Verenigde Nasies geïdentifiseer is; rente of ander verdienste laat oploop verskuldig op rekeninge wat eiendom hou wat deur ’n verbod kragtens artikel 26B geraak word; ’n betaling verskuldig aan ’n persoon of entiteit geraak deur ’n verbod kragtens artikel 26B uit hoofde van ’n kontrak, ooreenkoms of ander verpligting aangegaan voor die datum waarop die persoon of entiteit deur die Veiligheidsraad van die Verenigde Nasies geïdentifiseer is, te maak: Met dien verstande dat die betaling nie regstreeks of onregstreeks deur daardie persoon of entiteit ontvang word nie. 40 45 50 55 60 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 26 26 (3) The Minister may permit the provision of financial services or the dealing with property under subsection (1) on his or her own initiative or at the request of a person affected by a prohibition under section 26B. (4) The Director must, by appropriate means of publication, give notice of the Minister’s permission of the provision of financial services or the dealing with property under subsection (1). (5) (a) The Minister may, in writing, delegate any power conferred in 5 terms of this section, to the Director. (b) A delegation in terms of paragraph (a)— (i) is subject to any limitations or conditions that the Minister may impose; 10 (ii) does not divest the Minister of the responsibility concerning the exercise of the delegated power or the performance of the assigned duty. (c) The Minister may vary or revoke any decision taken by the Director as a result of a delegation in terms of paragraph (a), subject to any rights that may have vested as a consequence of the decision.’’. 15 Amendment of section 27 of Act 38 of 2001 - 18 Verify source ↗
The following section is hereby substituted for section 27 of the principal Act:
This section substitutes section 27 of the principal Act with a provision concerning accountable institutions, reporting institutions, and persons subject to reporting obligations advising the Centre about clients.
18. The following section is hereby substituted for section 27 of the principal Act: ‘‘Accountable institutions, reporting institutions and persons subject to reporting obligations to advise Centre of clients 20 - 27 Verify source ↗
If an authorised representative of the Centre requests an accountable
When an authorised representative of the Centre asks, certain institutions and reporting persons must tell the Centre the requested information.
27. If an authorised representative of the Centre requests an accountable institution, a reporting institution or a person that is required to make a report in terms of section 29 of this Act to advise [whether]— (a) whether a specified person is or has been a client of the accountable institution, reporting institution or person; (b) whether a specified person is acting or has acted on behalf of any client of the accountable institution, reporting institution or person; [or] (c) whether a client of the accountable institution, reporting institution or person is acting or has acted for a specified person; 25 30 (d) whether a number specified by the Centre was allocated by the accountable institution, reporting institution or person to a person with whom the accountable institution, reporting institution or person has or has had a business relationship; or (e) on the type and status of a business relationship with a client of the 35 accountable institution, reporting institution or person, the accountable institution, reporting institution or person must inform the Centre accordingly.’’. Insertion of section 27A in Act 38 of 2001 - 19 Verify source ↗
The following section is hereby inserted in the principal Act after section 27:
An authorised representative of the Centre may access and copy certain records during working hours, and the Minister may allow or delegate specified powers; the Director must publish notice of the Minister’s permission.
19. The following section is hereby inserted in the principal Act after section 27: 40 ‘‘Powers of access by authorised representative to records in respect of reports required to be submitted to Centre 27A. (1) Subject to subsection (2), an authorised representative of the Centre has access during ordinary working hours to any records kept by or on behalf of an accountable institution in terms of section 22, 22A or 24, and may examine, make extracts from or copies of, any such records for the purposes of obtaining further information in respect of a report made or ought to be made in terms of section 28, 28A, 29, 30 (1) or 31. 45 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 27 27 (3) Die Minister kan uit eie beweging of op versoek van ’n persoon geraak deur ’n verbod kragtens artikel 26B, die voorsiening van finansiële dienste of die hantering van eiendom kragtens subartikel (1), toelaat. (4) Die Direkteur moet, deur gepaste publikasiemiddels, kennis gee van die Minister se toestemming vir die voorsiening van finansiële dienste of die hantering van eiendom kragtens subartikel (1). (5) (a) Die Minister kan enige bevoegdheid ingevolge hierdie artikel 5 opgelê, skriftelik aan die Direkteur delegeer. (b) ’n Delegering ingevolge paragraaf (a)— (i) is onderhewig aan enige beperkings of voorwaardes wat die Minister kan oplê; 10 (ii) ontdoen nie die Minister van die verantwoordelikheid aangaande die uitoefening van die gedelegeerde bevoegdheid of die verrigting van die aangewese plig nie. (c) Die Minister kan ’n besluit deur die Direkteur geneem na aanleiding van ’n delegering ingevolge paragraaf (a), wysig of terugtrek, behoudens enige regte wat as gevolg van die besluit gevestig is.’’. 15 Wysiging van artikel 27 van Wet 38 van 2001 - 18 Verify source ↗
Artikel 27 van die Hoofwet word hierby deur die volgende artikel vervang:
Certain institutions and persons must provide the Centre with customer and business-relationship information when asked by an authorised representative of the Centre.
18. Artikel 27 van die Hoofwet word hierby deur die volgende artikel vervang: ‘‘Verantwoordingspligtige instellings, verslagdoeningsinstellings en persone onderhewig aan verslagdoeningsverpligtings moet Sentrum oor kliënte inlig 20 27. Indien ’n gemagtigde verteenwoordiger van die Sentrum ’n verantwoordingspligtige instelling, ’n persoon van wie vereis word om verslag te doen ingevolge artikel 29 van hierdie Wet versoek om inligting te gee [daaroor of]— (a) hetsy ’n vermelde persoon ’n kliënt van die verantwoordingspligtige ’n verslagdoeningsinstelling of instelling, verslagdoeningsinstelling of persoon is of was; (b) hetsy ’n vermelde persoon ten behoewe van enige kliënt van die instelling, verslagdoeningsinstelling of verantwoordingspligtige persoon optree of opgetree het; [of] (c) hetsy ’n kliënt van die verantwoordingspligtige instelling, verslag- doeningsinstelling of persoon vir ’n vermelde persoon optree of opgetree het; (d) hetsy ’n nommer deur die Sentrum vermeld deur die verantwoordings- pligtige instelling, verslagdoeningsinstelling of persoon toegeken is aan ’n persoon met wie die verantwoordingspligtige instelling, verslagdoeningsinstelling of persoon ’n sakeverhouding het of gehad het; of (e) oor die tipe en status van ’n sakeverhouding met ’n kliënt van die rekenpligtige instelling, verslagdoeningsinstelling of persoon, moet die verantwoordingspligtige instelling, verslagdoeningsinstelling of persoon die Sentrum dienooreenkomstig inlig.’’. 25 30 35 40 Invoeging van artikel 27A in Wet 38 van 2001 - 19 Verify source ↗
Die volgende artikel word hierby na artikel 27 in die Hoofwet ingevoeg:
An authorised representative of the Centre may access and inspect certain records, but usually needs a warrant unless the records are publicly accessible. The accountable institution must help without delay.
19. Die volgende artikel word hierby na artikel 27 in die Hoofwet ingevoeg: 45 ‘‘Toegangsbevoegdhede deur tot rekords ten opsigte van verslae wat aan Sentrum voorgelê moet word verteenwoordiger gemagtigde 27A. (1) Behoudens subartikel (2), het ’n gemagtigde verteenwoordiger van die Sentrum tydens gewone werksure toegang tot enige rekords wat ingevolge artikel 22, 22A of 24 deur of namens ’n verantwoordingspligtige instelling gehou word, en kan enige sodanige rekords bestudeer, uittreksels daaruit maak of afskrifte daarvan maak met die doel om meer inligting te kry ten opsigte van ’n verslag wat ingevolge artikel 28, 28A, 29, 30(1) of 31 gemaak is of gemaak behoort te word. 50 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 28 28 (2) The authorised representative of the Centre may, except in the case of records which the public is entitled to have access to, exercise the powers mentioned in subsection (1) only by virtue of a warrant issued in chambers by a magistrate or regional magistrate or judge of an area of jurisdiction within which the records or any of them are kept, or within which the accountable institution conducts business. (3) A warrant may only be issued if it appears to the judge, magistrate or regional magistrate from information on oath or affirmation that there are reasonable grounds to believe that the records referred to in subsection (1) may assist the Centre to identify the proceeds of unlawful activities or to combat money laundering activities or the financing of terrorist and related activities. (4) A warrant issued in terms of this section may contain such conditions regarding access to the relevant records as the judge, magistrate or regional magistrate considers appropriate. (5) An accountable institution must without delay give to an authorised representative of the Centre all reasonable assistance necessary to enable that representative to exercise the powers mentioned in subsection (1).’’. 5 10 15 Amendment of section 28A of Act 38 of 2001, as inserted by section 27 of Act 33 of 2004 20 - 20 Verify source ↗
Section 28A of the principal Act is hereby amended—
An accountable institution must report certain sanctioned-property facts to the Centre and, when triggered by a presidential proclamation or Director notice, check client information against the named persons or entities.
20. Section 28A of the principal Act is hereby amended— (a) by the substitution for the heading of the following heading: ‘‘Property associated with terrorist and related activities and financial sanctions pursuant to Resolutions of United Nations Security Council’’; (b) by the substitution for subsection (1) of the following subsection: ‘‘(1) An accountable institution which has in its possession or under its control property owned or controlled by or on behalf of, or at the direction of— (a) any entity which has committed, or attempted to commit, or facilitated the commission of a specified offence as defined in the Protection of Constitutional Democracy against Terrorist and Related Activities Act, 2004; [or] (b) a specific entity identified in a notice issued by the President, under section 25 of the Protection of Constitutional Democracy against Terrorist and Related Activities Act, 2004; or a person or an entity identified pursuant to a resolution of the Security Council of the United Nations contemplated in a notice referred to in section 26A(1), (c) must within the prescribed period report that fact and the prescribed particulars to the Centre.’’; and (c) by the addition of the following subsection: ‘‘(3) An accountable institution must upon— (a) publication of a proclamation by the President under section 25 of the Protection of Constitutional Democracy against Terrorist and Related Activities Act, 2004; or (b) notice being given by the Director under section 26A(3), scrutinise its information concerning clients with whom the accountable institution has business relationships in order to determine whether any such client is a person or entity mentioned in the proclamation by the President or the notice by the Director.’’. 25 30 35 40 45 50 Amendment of section 29 of Act 38 of 2001, as amended by section 27 of Act 33 of 2004 - 21 Verify source ↗
Section 29 of the principal Act is hereby amended—
An authorized representative of the Centre may access records only under the stated warrant rules, and a responsible institution must promptly give reasonable assistance.
21. Section 29 of the principal Act is hereby amended— (a) by the substitution in subsection (1)(b) for subparagraph (iv) of the following 55 subparagraph: ‘‘(iv) may be relevant to the investigation of an evasion or attempted evasion of a duty to pay any tax, duty or levy imposed by No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 29 29 (2) Die gemagtigde verteenwoordiger van die Sentrum kan, behalwe in die geval van rekords waartoe die publiek die reg het om toegang te hê, die bevoegdhede in subartikel (1) genoem slegs uitoefen uit hoofde van ’n lasbrief agter geslote deure uitgereik deur ’n landdros of streekslanddros of regter van ’n regsgebied waarbinne die rekords of enige daarvan gehou word, of waar die verantwoordingspligtige instelling sake doen. (3) ’n Lasbrief kan slegs uitgereik word as dit vir die regter, landdros of streekslanddros uit inligting onder eed of bevestiging blyk dat daar redelike gronde is om te glo dat die rekords in subartikel (1) bedoel, die Sentrum kan help om die opbrengs van onregmatige aktiwiteite te identifiseer of om geldwassery-aktiwiteite of die finansiering van terroriste- en verwante aktiwiteite te bekamp. (4) ’n Lasbrief ingevolge hierdie artikel uitgereik kan die voorwaardes vir toegang tot die tersaaklike rekords bevat wat die regter, landdros of streekslanddros gepas ag. (5) ’n Verantwoordingspligtige instelling moet onverwyld alle redelike bystand aan ’n gemagtigde verteenwoordiger van die Sentrum verleen ten einde daardie verteenwoordiger in staat te stel om die bevoegdhede in subartikel (1) vermeld, uit te oefen.’’. 5 10 15 Wysiging van artikel 28A van Wet 38 van 2001, soos ingevoeg deur artikel 27 van Wet 33 van 2004 20 - 20 Verify source ↗
Artikel 28A van die Hoofwet word hierby gewysig—
An accountable institution must report relevant facts and prescribed details to the Centre within the prescribed period, and must review customer information when certain proclamations or notices are published to check whether a client is a listed person or entity.
20. Artikel 28A van die Hoofwet word hierby gewysig— (a) deur die opskrif deur die volgende opskrif te vervang: ‘‘Eiendom geassosieer met terroriste- en verwante aktiwiteite en ingevolge resolusies van Verenigde Nasies finansiële sanksies Veiligheidsraad’’; (b) deur subartikel (1) deur die volgende subartikel te vervang: ‘‘(1) ’n Verantwoordingspligtige instelling wat eiendom besit of (b) beheer wat besit of beheer word deur of ten behoewe van— (a) enige entiteit wat ’n gespesifiseerde misdryf ingevolge die Wet op Beskerming van Konstitusionele Demokrasie teen Terroriste- en Verwante Aktiwiteite, 2004, gepleeg het, gepoog het om dit te pleeg, of gefasiliteer het; [of] ’n spesifieke entiteit geïdentifiseer in ’n kennisgewing deur die President ingevolge artikel 25 van die Wet op Beskerming van Konstitusionele Demokrasie en Verwante Aktiwiteite, 2004, uitgereik; of ’n persoon of ’n entiteit geïdentifiseer na aanleiding van ’n resolusie van die Veiligheidsraad van die Verenigde Nasies beoog in ’n kennisgewing in artikel 26A(1) bedoel, teen Terroriste- (c) moet binne die voorgeskrewe tydperk daardie feit en die voorgeskrewe besonderhede aan die Sentrum rapporteer.’’; en (c) deur die volgende subartikel by te voeg: ‘‘(3) ’n Verantwoordingspligtige instelling moet by— (a) publikasie van ’n proklamasie deur die President kragtens artikel 25 van die Wet op Beskerming van Konstitusionele Demokrasie teen Terroriste- en Verwante Aktiwiteite, 2004; of (b) kennisgewing kragtens artikel 26A(3) deur die Direkteur gegee, sy inligting oor kliënte met wie die verantwoordingspligtige instelling sakeverhoudings het, bestudeer ten einde vas te stel hetsy so ’n kliënt ’n in die Proklamasie deur die President of die kennisgewing deur die Direkteur vermelde persoon of entiteit is.’’. Wysiging van artikel 29 van Wet 38 van 2001, soos gewysig deur artikel 27 van Wet 33 van 2004 - 21 Verify source ↗
Artikel 29 van die Hoofwet word hierby gewysig—
This provision amends section 29 and adds a confidentiality rule: a person who made or must make a report under the section must not disclose that report or its contents to anyone, including the person reported, except as allowed by subsection 45B(2A).
21. Artikel 29 van die Hoofwet word hierby gewysig— (a) deur in subartikel (1)(b) subparagraaf (iv) deur die volgende subparagraaf te vervang: ‘‘(iv) tersaaklik kan wees by die ondersoek van ’n ontduiking of poging tot ’n ontduiking van ’n plig om enige belasting, reg of heffing te 25 30 35 40 45 50 55 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 30 30 legislation administered by the Commissioner for the South African Revenue Service; [or]’’; (b) by the addition to subsection (1)(b) of the following subparagraph: ‘‘(vi) relates to the contravention of a prohibition under section 26B; or.’’; and 5 (c) by the substitution in subsection (3) for the words preceding paragraph (a) of the following words: ‘‘(3) No person who made or must make a report in terms of this section may, subject to subsection 45B(2A), disclose that fact or any information regarding the contents of any such report to any other person, including the person in respect of whom the report is or must be made, otherwise than—’’. Amendment to section 32 of Act 38 of 2001 - 22 Verify source ↗
Section 32 of the principal Act is hereby amended—
The Centre, and in some cases an investigating authority, may ask certain reporting institutions or report-makers for extra information; those asked must provide it to the Centre without delay in the prescribed manner and period.
22. Section 32 of the principal Act is hereby amended— (a) by the substitution for subsection (2) of the following subsection: ‘‘(2) The Centre[, or an investigating authority acting with the permission of the Centre or under the authority of an authorised officer,] may request an accountable institution, a reporting institution or any other person that has made a report in terms of section 28, 29 or 31 to furnish the Centre [or that investigating authority] with such additional information, including prescribed information relating to transactional activity and supporting documentation, concerning the report and the grounds for the report as the Centre [or the investigating authority] may reasonably require for the performance by it of its functions.’’; and (b) by the substitution for subsection (3) of the following subsection: ‘‘(3) When an institution or a person referred to in subsection (2) receives a request under that subsection, that institution or person must furnish the Centre [without delay] in the prescribed manner and within the prescribed period with such additional information concerning the report and the grounds for the report as that institution or person may have available.’’. 10 15 20 25 30 Amendment to section 34 of Act 38 of 2001, as amended by section 27 of Act 33 of 2004 and section 9 of Act 11 of 2008 - 23 Verify source ↗
The following section is hereby substituted for section 34 of the principal Act:
The Centre may stop certain suspicious transactions in writing, and people who reported or must report under the provision must keep those reports confidential.
23. The following section is hereby substituted for section 34 of the principal Act: 35 ‘‘Intervention by Centre 34. (1) If the Centre, after consulting an accountable institution, a reporting institution or a person required to make a report in terms of section 28, 28A or 29, has reasonable grounds to suspect that a transaction or a proposed transaction may— (a) the proceeds of unlawful activities or property which is connected to an offence relating to the financing of terrorist and related activities; or involve— (i) (ii) property owned or controlled by or on behalf of, or at the to a direction of a person or entity identified pursuant resolution of the Security Council of the United Nations contemplated in a notice referred to in section 26A(1); or (b) [may] constitute— (i) money laundering; or (ii) a transaction contemplated in section 29(1)(b), it may direct the accountable institution, reporting institution or person in writing not to proceed with the carrying out of that transaction or proposed transaction or any other transaction in respect of the funds affected by that transaction or proposed transaction for a period [as may be] not longer than 40 45 50 55 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 31 31 betaal wat opgelê is by wetgewing wat deur die Kommissaris vir die Suid-Afrikaanse Inkomstediens geadministreer word; [of]’’; (b) deur die volgende subparagraaf by subartikel (1)(b) te voeg: ‘‘(vi) verband hou met die verbreking van ’n verbod kragtens artikel 26B; of’’; en (c) deur in subartikel (3) die woorde wat paragraaf (a) voorafgaan deur die volgende woorde te vervang: ‘‘(3) Geen persoon wat ingevolge hierdie artikel verslag gedoen het of verslag moet doen, mag, behoudens subartikel 45B(2A), daardie feit of enige inligting rakende die inhoud van enige sodanige verslag openbaar maak nie aan enige ander persoon, met inbegrip van die persoon ten opsigte van wie verslag gedoen word of gedoen moet word, behalwe—’’. Wysiging van artikel 32 van Wet 38 van 2001 - 22 Verify source ↗
Artikel 32 van die Hoofwet word hierby gewysig—
The Centre may ask certain reporting institutions or other reporters for extra information, and they must provide it without delay in the prescribed manner and within the prescribed period.
22. Artikel 32 van die Hoofwet word hierby gewysig— (a) deur subartikel (2) deur die volgende subartikel te vervang: ‘‘(2) Die Sentrum[, of ’n ondersoekowerheid wat met die verlof van die Sentrum of onder die gesag van ’n gemagtigde beampte optree,] kan ’n verantwoordingspligtige instelling, ’n verslagdoeningsinstelling of enige ander persoon wat ingevolge artikel 28, 29 of 31 verslag gedoen het, versoek om die Sentrum [of daardie ondersoekowerheid] te voorsien van die bykomende inligting, met inbegrip van voorgeskrewe inligting rakende transaksie-aktiwiteite en ondersteunende dokumente rakende die verslag en die gronde vir die verslag wat die Sentrum [of die ondersoekowerheid] redelikerwys nodig kan hê vir die verrigting deur hom van sy werksaamhede.’’; en (b) deur subartikel (3) deur die volgende subartikel te vervang: ‘‘(3) Wanneer ’n instelling of ’n persoon in subartikel (2) bedoel ’n versoek kragtens daardie subartikel ontvang, moet daardie instelling of persoon die Sentrum [sonder versuim] op die voorgeskrewe wyse en binne die voorgeskrewe tydperk voorsien van die bykomende inligting rakende die verslag en die gronde vir die verslag wat daardie instelling of persoon beskikbaar het.’’. 5 10 15 20 25 30 Wysiging van artikel 34 van Wet 38 van 2001, soos gewysig deur artikel 27 van Wet 33 van 2004 en artikel 9 van Wet 11 van 2008 - 23 Verify source ↗
Artikel 34 van die Hoofwet word hierby deur die volgende artikel vervang:
The Centre may order certain reporting institutions or persons to stop closing a suspected transaction for up to 10 days.
23. Artikel 34 van die Hoofwet word hierby deur die volgende artikel vervang: 35 ‘‘Ingryping deur Sentrum 34. (1) Indien die Sentrum, na oorleg met ’n verantwoordingspligtige instelling, verslagdoeningsinstelling of persoon van wie vereis word om ingevolge artikel 28, 28A of 29 verslag te doen, redelike gronde het om te vermoed dat ’n transaksie of voorgenome transaksie moontlik— (a) (i) die opbrengs van onregmatige aktiwiteite, of eiendom wat verband hou met ’n misdryf met betrekking tot die finansiering van terroriste- en verwante aktiwiteite; eiendom besit of beheer deur of ten behoewe van, of in opdrag van ’n persoon of entiteit geïdentifiseer na aanleiding van ’n resolusie van die Veiligheidsraad van die Verenigde Nasies beoog in ’n kennisgewing in artikel 26A(1) bedoel; (ii) (b) kan betrek; of (i) geldwassery; of (ii) kan uitmaak, ’n transaksie beoog in artikel 29(1)(b), kan hy die verantwoordingspligtige instelling, verslagdoeningsinstelling of persoon skriftelik gelas om, vir ’n tydperk van hoogstens 10 dae soos deur die Sentrum bepaal, [wat nie langer as vyf dae mag wees nie,] nie voort te gaan met die sluiting van daardie transaksie of voorgenome transaksie of enige ander transaksie ten opsigte van die fondse wat deur daardie 40 45 50 55 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 32 32 10 days as determined by the Centre, [which may not be more than five days,] in order to allow the Centre[— (a)] [(b)] to make the necessary inquiries concerning the transaction[;] and, if the Centre [deems] considers it appropriate, to inform and advise an investigating authority or the National Director of Public Prosecutions. (2) For the purposes of calculating the period of [five] 10 days in subsection (1), Saturdays, Sundays and proclaimed public holidays must not be taken into account. (3) Subsection (1) does not apply to the carrying out of a transaction to which the rules of an exchange licensed in terms of the [Securities Services Act, 2004 (Act No. 36 of 2004)] Financial Markets Act, 2012 (Act No. 19 of 2012), apply.’’. 5 10 Substitution of section 35 of Act 38 of 2001, as amended by section 27 of Act 33 of 2004 15 - 24 Verify source ↗
Section 35 of the principal Act is hereby amended by the substitution for
A designated judge may order an accountable institution to report specified transactions to the Centre if the Centre applies in writing and there are reasonable grounds to suspect certain illicit property or use.
24. Section 35 of the principal Act is hereby amended by the substitution for subsection (1) of the following subsection: ‘‘(1) A judge designated by the Minister of Justice for the purposes of the Regulation of Interception of Communications and Provision of Communication- related Information Act, 2002 (Act No. 70 of 2002), may, upon written application by the Centre, order an accountable institution to report to the Centre, on such terms and in such confidential manner as may be specified in the order, all transactions concluded by a specified person with the accountable institution or all the transactions conducted in respect of a specified account or facility at accountable institution, if there are reasonable grounds to suspect that— (a) that person has transferred or may transfer to the accountable institution— (i) (ii) property which is connected to an offence relating to the financing of the proceeds of unlawful activities; terrorist and related activities; or (iii) property owned or controlled by or on behalf of, or at the direction of a person or entity identified pursuant to a resolution of the Security Council of the United Nations contemplated in a notice referred to in section 26A(1); (b) that account or other facility has received or may receive— (i) (ii) property which is connected to an offence relating to the financing of the proceeds of unlawful activities; terrorist and related activities; or (iii) property owned or controlled by or on behalf of, or at the direction of a person or entity identified pursuant to a resolution of the Security Council of the United Nations contemplated in a notice referred to in section 26A(1); that person is using or may use the accountable institution for money laundering purposes or for the financing of terrorist acts or for the purpose of any transaction contemplated in section 29(1)(b); or that account or other facility is being or may be used for money laundering purposes or for the financing of terrorist or related activities or for the purpose of any transaction contemplated in section 29(1)(b).’’. (c) (d) 20 25 30 35 40 45 Substitution of section 40 of Act 38 of 2001, as amended by section 27 of Act 33 of 2004 and section 13 of Act 11 of 2008 - 25 Verify source ↗
The following section is hereby substituted for section 40 of the principal Act:
The Centre must make reported information available, and the 10-day period in subsection (1) excludes Saturdays, Sundays, and proclaimed public holidays.
25. The following section is hereby substituted for section 40 of the principal Act: 50 ‘‘Access to information held by Centre 40. (1) [No person is entitled to information held by the Centre, except] Subject to this section, the Centre must make information reported No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 33 33 transaksie of voorgenome transaksie geraak word nie, Sentrum in staat te stel[— (a)] om die nodige navrae rakende die transaksie te rig[;] en, [(b)] om, indien die Sentrum dit gepas ag, ’n ondersoekowerheid of die Nasionale Direkteur van Openbare Vervolgings van inligting te voorsien en van raad te dien. ten einde die (2) Vir die doeleindes van die berekening van die tydperk van [vyf] 10 dae in subartikel (1) word Saterdae, Sondae en afgekondigde openbare vakansiedae nie in aanmerking geneem nie. (3) Subartikel (1) is nie van toepassing nie op die sluiting van ’n transaksie waarop die reëls van ’n beurs wat ingevolge die [‘Securities Services Act, 2004’ (Wet No. 36 van 2004)] ‘Financial Markets Act, 2012’ (Wet No. 19 van 2012), van toepassing is.’’. 5 10 Vervanging van artikel 35 van Wet 38 van 2001, soos gewysig deur artikel 27 van Wet 33 van 2004 15 - 24 Verify source ↗
Artikel 35 van die Hoofwet word hierby gewysig deur subartikel (1) deur die
A designated judge may order an accountable institution to report specified transactions to the Centre.
24. Artikel 35 van die Hoofwet word hierby gewysig deur subartikel (1) deur die volgende subartikel te vervang: ‘‘(1) ’n Regter deur die Minister van Justisie aangewys vir die toepassing van die Wet op die Reëling van Onderskepping van Kommunikasies en Verstrekking van Kommunikasie-verwante Inligting, 2002 (Wet No. 70 van 2002), mag, by skriftelike aansoek deur die Sentrum, ’n verantwoordingspligtige instelling beveel om aan die Sentrum te rapporteer, op sodanige voorwaardes en op sodanige wyse in die bevel vermeld, alle transaksies deur ’n vermelde persoon met die verantwoordingspligtige instelling aangegaan of alle transaksies ten opsigte van ’n vermelde rekening of fasiliteit by die verantwoordingspligtige instelling, indien daar redelike gronde is om te vermoed dat— (a) daardie persoon— (i) die opbrengs van onregmatige aktiwiteite; (ii) eiendom wat verband hou met ’n misdryf aangaande die finansiering van terroriste- en verwante aktiwiteite; of 20 25 30 (iii) eiendom besit of beheer deur of ten behoewe van, of in opdrag van ’n persoon of entiteit geïdentifiseer na aanleiding van ’n resolusie van die Veiligheidsraad van die Verenigde Nasies beoog in ’n kennisgewing in artikel 26A(1) bedoel, na die verantwoordingspligtige instelling oorgedra het of kan oordra; 35 (b) daardie rekening of ander fasiliteit— (i) die opbrengs van onregmatige aktiwiteite; (ii) eiendom wat verbind is met ’n misdryf in verband met die finansiering van terroriste- en verwante aktiwiteite; of (iii) eiendom besit of beheer deur of ten behoewe van, of in opdrag van ’n persoon of entiteit geïdentifiseer na aanleiding van ’n resolusie van die Veiligheidsraad van die Verenigde Nasies beoog in ’n kennisgewing in artikel 26A(1) bedoel, ontvang of ontvang het; (c) daardie persoon die verantwoordingspligtige instelling vir geldwassery- doeleindes of vir die finansiering van terroristehandelinge of vir die doel van ’n transaksie in artikel 29(1)(b) beoog, gebruik of kan gebruik; of (d) daardie rekening of ander fasiliteit gebruik word of gebruik kan word vir geldwasserydoeleindes of vir die finansiering van terroriste- of verwante aktiwiteite of vir die doel van ’n transaksie in artikel 29(1)(b) beoog.’’. 40 45 50 Vervanging van artikel 40 van Wet 38 van 2001, soos gewysig deur artikel 27 van Wet 33 van 2004 en artikel 13 van Wet 11 van 2008 - 25 Verify source ↗
Artikel 40 van die Hoofwet word hierby deur die volgende artikel vervang:
The Centre must share specified information with listed bodies and may share some other information, but only under the section’s conditions and confidentiality safeguards.
25. Artikel 40 van die Hoofwet word hierby deur die volgende artikel vervang: ‘‘Toegang tot inligting deur Sentrum gehou 40. (1) [Geen persoon is geregtig op inligting deur die Sentrum gehou nie, behalwe] Die Sentrum moet, behoudens hierdie artikel, inligting by hom aangemeld, of kragtens hierdie Deel deur hom verkry en inligting 55 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 34 34 to it, or obtained by it under this Part and information generated by its analysis of information so reported or obtained, available to— (a) an investigating authority [inside] in the Republic[, the South African Revenue Service and the intelligence services, which may be provided with such information— (i) on the written authority of an authorised officer if the authorised officer reasonably believes such information is required to investigate suspected unlawful activity; or (ii) at the initiative of the Centre, if the Centre reasonably believes such information is required to investigate sus- pected unlawful activity]; the Independent Police Investigative Directorate; (aA) the National Prosecuting Authority; (aB) (aC) an intelligence service; (aD) the Intelligence Division of the National Defence Force; (aE) a Special Investigating Unit; (aF) an investigative division in an organ of state; (aG) the Public Protector; or (aH) the South African Revenue Service; (b) an entity outside the Republic performing similar functions to those of the Centre, or an investigating authority outside the Republic [which may, at the initiative of the Centre or on written request, obtain information which the Centre reasonably believes is relevant to the identification of the proceeds of unlawful activities or the combating of money laundering or financing of terrorist and related activities or similar offences in the country in which that entity is established; an accountable institution or reporting institution which or any other person who may, at the initiative of the Centre or on written request, be provided with information regarding the steps taken by the Centre in connection with transactions reported by such accountable institution, reporting institution or person, unless the Centre reasonably believes that disclosure to such accountable institution, reporting institution or person of the information requested could— (c) (i) inhibit the achievement of the Centre’s objectives or the performance of its functions, or the achievement of the objectives or the performance of the functions of another organ of state; or (ii) prejudice the rights of any person]; (d) a supervisory body[, which may at the initiative of the Centre or on written request be provided with information which the Centre reasonably believes is relevant to the exercise by that supervisory body of its powers or performance by it of its functions in relation to an accountable institution]; a person who is entitled to receive such information in terms of an order of a court; or a person who is entitled to receive such information in terms of other national legislation. (e) (f) (1A) Information contemplated in subsection (1) may only be made available to an entity referred to in subsection (1)(a), (aA), (aB), (aC), (aD), (aE), (aF), (aG) or (aH)— (a) at the initiative of the Centre or at the request of an authorised officer (b) of the entity; and if the Centre reasonably believes such information is required to investigate suspected unlawful activity. (1B) Information contemplated in subsection (1) may only be made available to an entity or authority referred to in subsection (1)(b)— 5 10 15 20 25 30 35 40 45 50 55 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 35 35 gegenereer deur sy analise van inligting wat sodanig gerapporteer of verkry is, beskikbaar stel aan— (a) ’n ondersoekowerheid [binne] in die Republiek[, die Suid- Afrikaanse Inkomstediens en die intelligensiedienste, wat van sodanige inligting voorsien kan word— (i) op skriftelike magtiging van ’n gemagtigde beampte indien die gemagtigde beampte redelikerwys van mening is dat sodanige inligting nodig is om vermeende onregmatige aktiwiteite te ondersoek; of (ii) op inisiatief van die Sentrum, indien die Sentrum redelikerwys van mening is dat sodanige inligting nodig is om vermeende onregmatige aktiwiteite te ondersoek]; (aA) die Nasionale Vervolgingsgesag; (aB) die Onafhanklike Polisie-ondersoekdirektoraat; (aC) ’n intelligensiediens; (aD) die Intelligensie-afdeling van die Nasionale Weermag; (aE) ’n Spesiale Ondersoekeenheid; (aF) ’n ondersoekeenheid in ’n staatsorgaan; (aG) die Openbare Beskermer; of (aH) die Suid-Afrikaanse Inkomstediens; (b) ’n entiteit buite die Republiek wat werksaamhede soortgelyk aan dié van die Sentrum verrig, of ’n ondersoekowerheid buite die Republiek; [wat op inisiatief van die Sentrum of op skriftelike versoek inligting kan bekom wat die Sentrum redelikerwys van mening is betrekking het op die identifisering van die opbrengs van onregmatige aktiwiteite of die bekamping van geldwassery- aktiwiteite of finansiering van terroriste- en verwante aktiwiteite of soortgelyke misdrywe in die land waarin daardie entiteit gevestig is; ’n verantwoordingspligtige instelling of verslagdoeningsinstelling of enige ander persoon wat op inisiatief van die Sentrum of op skriftelike versoek voorsien kan word van inligting rakende die stappe deur die Sentrum gedoen in verband met transaksies wat deur verslag- doeningsinstelling of persoon gerapporteer is, tensy die Sentrum redelikerwys van mening is dat openbaarmaking aan sodanige verantwoordingspligtige instelling, verslagdoeningsinstelling of persoon van die inligting wat versoek is— verantwoordingspligtige instelling, sodanige (i) die bereiking van die Sentrum se oogmerke of die verrigting van sy werksaamhede, of die bereiking van die oogmerke of die verrigting van die werksaamhede van ’n ander staatsorgaan, kan belemmer; of (ii) die regte van enige persoon kan benadeel;] ’n toesighoudende liggaam[, wat op die inisiatief van die Sentrum of op skriftelike versoek voorsien kan word van inligting wat die Sentrum redelikerwys van mening is tersaaklik is by die uitoefening deur daardie toesighoudende liggaam van sy bevoegdhede of die verrigting deur hom van sy werksaamhede met betrekking tot ’n verantwoordingspligtige instelling]; ’n persoon wat ingevolge ’n hofbevel geregtig is om die inligting te ontvang; en ’n persoon wat ingevolge ander nasionale wetgewing geregtig is om die inligting te ontvang. (c) (d) (e) (f) (1A) Inligting in subartikel (1) beoog kan slegs voorsien word aan ’n entiteit in subartikel (1)(a), (aA), (aB), (aC), (aD), (aE), (aF), (aG) of (aH) bedoel— (a) op inisiatief van die Sentrum of op versoek van ’n gemagtigde (b) beampte van die entiteit; en indien die Sentrum redelikerwys oortuig is dat sodanige inligting nodig is om vermoedelike onregmatige aktiwiteite te ondersoek. (1B) Inligting in subartikel (1) beoog kan slegs beskikbaar gestel word aan ’n entiteit of owerheid in subartikel (1)(b) beoog— 5 10 15 20 25 30 35 40 45 50 55 60 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 36 36 (a) at the initiative of the Centre or at the request of the entity or authority; (b) and if the Centre reasonably believes such information is relevant to the identification of the proceeds of unlawful activities or the combating of money laundering or financing of terrorist and related activities or similar offences in the country in which the entity or authority is established. 5 (1C) Information contemplated in subsection (1) may only be made available to a supervisory body referred to in subsection (1)(d)— (a) at the initiative of the Centre or at the request of the supervisory body; 10 (b) and if the Centre reasonably believes such information is relevant to the exercise by the supervisory body of its powers or performance by it of its functions under any law. (2) A request for information contemplated in subsection [(1)(b), (c) or (d)] (1A) or (1C) must be in writing and must specify the [desired] required information and the purpose for which the information is required. (3) The Director may, as a condition to the provision of any information contemplated in subsection (1), make [such] the reasonable procedural arrangements and impose [such] the reasonable safeguards regarding the furnishing of such information [referred to in subsection (1)(a), (b), (c) or (d) as] that the Director considers appropriate to maintain the confidenti- ality of that information before the information is provided. (4) Information [held by the Centre] contemplated in subsection (1) may only be provided to an entity or authority referred to in subsection (1)(b) pursuant to a written agreement between the Centre and [such] the entity or the authority which is responsible for [that] the entity or authority, regulating the exchange of information between the Centre and [such] the entity or authority. (5) An agreement referred to in subsection (4) does not— take effect until it has been approved in writing by the Minister; (a) (b) permit the Centre to provide any category of information to the entity or authority in respect of which the agreement is concluded which [that] the entity or authority is not permitted to provide to the Centre. (6) A person who obtains information from the Centre may use that information only— (a) within the scope of that person’s powers and duties; and (b) in the case of a request contemplated in subsection (2), for the purpose specified in [terms of subsection (2)] that request. (7) The Centre may make available any information obtained by it during an inspection to an organ of state, a supervisory body, other regulatory authority, self-regulating association or organisation [that] which the in that Centre reasonably believes is affected by or has an interest information. (8) The Centre must make information it holds available to the appropriate National Intelligence Structure, as defined in section 1 of the National Strategic Intelligence Act, 1994 (Act No. 39 of 1994), if it reasonably believes that the information relates to any potential threat or threat to the national security, as defined in section 1 of that Act. (9) The Centre may, at the initiative of the Centre or on written request, disclose information it holds, other than information contemplated in subsections (1), (7) and (8), to an accountable institution or class of accountable institutions or any other person unless the Centre reasonably believes that the disclosure may— (a) inhibit the achievement of the Centre’s objectives or the performance the the achievement of of performance of the functions of another organ of state; or the objectives or its functions, or (b) prejudice the rights of any person.’’. 15 20 25 30 35 40 45 50 55 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 37 37 (a) op inisiatief van die Sentrum of op versoek van die entiteit of (b) owerheid; en indien die Sentrum redelikerwys oortuig is dat sodanige inligting relevant is tot die identifikasie van die opbrengs van die onregmatige aktiwiteite of die bekamping van geldwassery of finansiering van terroriste- en verwante aktiwiteite of soortgelyke misdrywe in die land waarin die entiteit of owerheid ingestel is. 5 (1C) Inligting in subartikel (1) beoog, kan slegs aan ’n toesighoudende liggaam in subartikel (1)(d) bedoel beskikbaar gestel word— (a) op inisiatief van die Sentrum of op versoek van die toesighoudende 10 (b) liggaam; en indien die Sentrum redelikerwys oortuig is dat sodanige inligting relevant is tot die uitoefening deur die toesighoudende liggaam van sy bevoegdhede of verrigting van sy werksaamhede kragtens enige wet. (2) ’n Versoek vir inligting in subartikel [(1)(b), (c) of (d)] (1A) of (1C) beoog, moet skriftelik wees en moet die [verlangde] nodige inligting en die doel waarvoor die inligting nodig is, vermeld. (3) Die Direkteur kan, as ’n voorwaarde vir die voorsiening van enige inligting in subartikel (1) beoog, rakende die verstrekking van die inligting [bedoel in subartikel (1)(a), (b), (c) of (d),] die redelike prosedurereëlings tref en die redelike veiligheidsmaatreëls instel wat die Direkteur gepas ag ten einde die vertroulikheid van daardie inligting te bewaar voordat die inligting voorsien word. (4) Inligting [deur die Sentrum gehou] in subartikel (1) beoog, kan slegs aan ’n entiteit of owerheid bedoel in subartikel (1)(b) voorsien word na aanleiding van ’n skriftelike ooreenkoms tussen die Sentrum en [sodanige] die entiteit, of die owerheid wat vir [daardie] die entiteit of owerheid verantwoordelik is, wat die uitruil van inligting tussen die Sentrum en [sodanige] die entiteit of owerheid reël. (5) ’n Ooreenkoms in subartikel (4) bedoel— (a) word nie van krag nie voordat dit skriftelik deur die Minister (b) goedgekeur is nie; laat nie die Sentrum toe om enige kategorie inligting te voorsien aan die entiteit of owerheid ten opsigte waarvan die ooreenkoms gesluit is wat [daardie] die entiteit of owerheid nie verlof het om aan die Sentrum te voorsien nie. (6) ’n Persoon wat inligting van die Sentrum bekom, kan daardie inligting slegs gebruik— (a) binne die bestek van daardie persoon se bevoegdhede en pligte; en (b) in die geval van ’n versoek in subartikel (2) beoog, vir die doel [ingevolge subartikel (2)] in daardie versoek vermeld. (7) Die Sentrum kan enige inligting wat gedurende ’n inspeksie deur hom bekom is, beskikbaar stel aan ’n staatsorgaan, toesighoudende liggaam, ander reguleringsowerheid, selfregulerende vereniging of organisasie wat die Sentrum redelikerwys oortuig is geraak word deur of ’n belang het by daardie inligting. (8) Die Sentrum moet inligting wat hy hou beskikbaar stel aan die gepaste Nasionale Intelligensiestruktuur, soos omskryf in artikel 1 van die Wet op Nasionale Strategiese Intelligensie, 1994 (Wet No. 39 van 1994), indien hy redelikerwys oortuig is dat die inligting verband hou met enige potensiële bedreiging of bedreiging vir die nasionale veiligheid, soos omskryf in artikel 1 van daardie Wet. (9) Die Sentrum kan, op inisiatief van die Sentrum of op skriftelike versoek, inligting wat hy hou, wat nie inligting beoog in subartikels (1), (7), en (8), is nie, aan ’n verantwoordingspligtige instelling of klas van verantwoordingspligtige instellings of van enige ander persoon openbaar maak tensy die Sentrum redelikerwys oortuig is die openbaarmaking kan— (a) die bereiking van die Sentrum se oogmerke of die verrigting van sy werksaamhede strem, of die bereiking van die oogmerke of die verrigting van die werksaamhede van ’n ander staatsorgaan strem; of (b) die regte van enige persoon benadeel.’’. 15 20 25 30 35 40 45 50 55 60 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 38 Insertion of section 41A in Act 38 of 2001 38 - 26 Verify source ↗
The following section is hereby inserted in the principal Act after section 41:
The Centre must protect personal information it holds or controls and take reasonable security measures to prevent loss, damage, unauthorized destruction, access, or processing.
26. The following section is hereby inserted in the principal Act after section 41: ‘‘Protection of personal information 41A. (1) The Centre must ensure that appropriate measures are taken in respect of personal information in its possession or under its control to prevent— loss of, damage to or unauthorised destruction of the information; and (a) (b) unlawful access to or processing of personal information, other than in accordance with this Act and the Protection of Personal Information Act, 2013 (Act No. 4 of 2013). (2) In order to give effect to subsection (1) the Centre must take reasonable measures to— (a) identify all reasonable and foreseeable internal and external risks to personal information in its possession or under its control; (b) establish and maintain appropriate safeguards against the risks identified; regularly verify that the safeguards are effectively implemented; and (c) (d) ensure that the safeguards are continually updated in response to new risks or deficiencies in previously implemented safeguards.’’. Substitution of section 42 of Act 38 of 2001 - 27 Verify source ↗
The following section is hereby substituted for section 42 of the principal Act:
An accountable institution must have a risk management and compliance programme for anti-money laundering and counter-terrorist financing.
27. The following section is hereby substituted for section 42 of the principal Act: ‘‘[Formulation and implementation of internal rules] Risk Manage- ment and Compliance Programme 42. (1) An accountable institution must [formulate] develop, document, maintain and implement [internal rules concerning— (a) the establishment and verification of the identity of persons whom the institution must identify in terms of Part 1 of this Chapter; the information of which record must be kept in terms of Part 2 of this Chapter; the manner in which and place at which such records must be kept; the steps to be taken to determine when a transaction is reportable to ensure the institution complies with its duties under this Act; and such other matters as may be prescribed] a programme for anti-money laundering and counter-terrorist financing risk manage- ment and compliance. (b) (c) (d) (e) (2) [Internal rules must comply with the prescribed requirements] A Risk Management and Compliance Programme must— (a) enable the accountable institution to— identify; assess; (i) (ii) (iii) monitor; (iv) mitigate; and (v) manage, the risk that the provision by the accountable institution of products or services may involve or facilitate money laundering activities or the financing of terrorist and related activities; (b) provide for the manner in which the institution determines if a person is— (i) a prospective client in the process of establishing a business relationship or entering into a single transaction with the institution; or 5 10 15 20 25 30 35 40 45 50 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 39 Invoeging van artikel 41A in Wet 38 van 2001 39 - 26 Verify source ↗
Die volgende artikel word hierby na artikel 41 in die Hoofwet ingevoeg:
Die Sentrum moet persoonlike inligting beskerm deur redelike sekuriteits- en risikostappe te neem.
26. Die volgende artikel word hierby na artikel 41 in die Hoofwet ingevoeg: ‘‘Beskerming van persoonlike inligting 41A. (1) Die Sentrum moet verseker dat gepaste stappe gedoen word ten opsigte van persoonlike inligting in sy besit of onder sy beheer ter voorkoming van— (a) verlies van, skade aan of ongemagtigde vernietiging van inligting; en (b) onregmatige toegang tot of verwerking van persoonlike inligting, behalwe ooreenkomstig hierdie Wet en die Wet op Beskerming van Persoonlike Inligting, 2013 (Wet No. 4 van 2013). (2) Ten einde aan subartikel (1) gevolg te gee, moet die Sentrum redelike stappe doen om— (a) alle redelike en voorsienbare interne en eksterne risiko’s vir persoonlike inligting in sy besit of onder sy beheer te identifiseer; (b) gepaste veiligheidsmaatreëls teen die geïdentifiseerde risiko’s in te stel en te onderhou; (c) gereeld te verifieer dat die veiligheidsmaatreëls doeltreffend (d) geïmplementeer is; en te verseker dat alle veiligheidsmaatreëls voortdurend bygewerk word in reaksie op nuwe risiko’s of tekortkominge in veiligheidsmaatreëls wat voorheen geïmplementeer is.’’. 5 10 15 20 Vervanging van artikel 42 van Wet 38 van 2001 - 27 Verify source ↗
Artikel 42 van die Hoofwet word hierby deur die volgende artikel vervang:
An accountable institution must create, keep, update, and use a risk management and compliance programme for anti-money laundering and counter-terrorism financing.
27. Artikel 42 van die Hoofwet word hierby deur die volgende artikel vervang: ‘‘[Formulering en implementering van interne reëls] Risikobestuur- en Nakomingsprogram 25 42. (1) ’n Verantwoordingspligtige instelling moet [interne reëls formuleer] ’n Risikobestuur- en Nakomingsprogram vir anti-geldwassery- en teenterrorismefinansiering ontwikkel, dokumenteer, onderhou en implementeer [oor— (a) die vasstelling en verifiëring van die identiteit van persone wat die instelling ingevolge Deel 1 van hierdie Hoofstuk moet identifiseer; (b) die inligting waarvan ingevolge Deel 2 van hierdie Hoofstuk rekord gehou moet word; (c) die wyse waarop en plek waar sodanige rekords gehou moet word; (d) die stappe wat gedoen moet word om te bepaal wanneer ’n transaksie gerapporteer moet word om te verseker dat die instelling sy pligte kragtens hierdie Wet nakom; en (e) die ander aangeleenthede wat voorgeskryf word]. 30 35 (2) [Interne reëls moet aan die voorgeskrewe vereistes voldoen] ’n Risikobestuur- en Nakomingsprogram moet— (a) die verantwoordingspligtige instelling in staat stel om die risiko te— 40 (i) identifiseer; assesseer; (ii) (iii) monitor; (iv) versag; en (v) bestuur, wat die voorsiening deur die verantwoordingspligtige instelling van produkte of dienste kan behels of geldwassery-aktiwiteite of die finansiering van terroriste- en verwante aktiwiteite kan vergemaklik of behels; (b) voorsiening maak vir die wyse waarop die instelling bepaal of ’n persoon— (i) ’n voornemende kliënt is wat besig is om ’n sakeverhouding aan te gaan of om ’n enkeltransaksie met die instelling te sluit; of 45 50 55 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 40 40 (ii) a client who has established a business relationship or entered into a single transaction; (c) provide for the manner in which the institution complies with section 20A; (d) provide for the manner in which and the processes by which the establishment and verification of the identity of persons whom the accountable institution must identify in terms of Part 1 of this Chapter is performed in the institution; (e) provide for the manner in which the institution determines whether future transactions that will be performed in the course of the business relationship are consistent with the institution’s knowledge of a prospective client; provide for the manner in which and the processes by which the institution conducts additional due diligence measures in respect of legal persons, trust and partnerships; (f) (g) provide for the manner in which and the processes by which ongoing due diligence and account monitoring in respect of business relation- ships is conducted by the institution; (h) provide for the manner in which the examining of— complex or unusually large transactions; and (i) (ii) unusual patterns of transactions which have no apparent (i) (j) business or lawful purpose, and keeping of written findings relating thereto, is done by the institution; provide for the manner in which and the processes by which the institution will confirm information relating to a client when the the veracity of previously obtained institution has doubts about information; provide for the manner in which and the processes by which the institution will perform the customer due diligence requirements in accordance with sections 21, 21A, 21B and 21C when, during the course of a business relationship, the institution suspects that a transaction or activity is suspicious or unusual as contemplated in section 29; (k) provide for the manner in which the accountable institution will terminate an existing business relationship as contemplated in section 21E; provide for the manner in which and the processes by which the accountable institution determines whether a prospective client is a foreign prominent public official or a domestic prominent influential person; (l) (m) provide for the manner in which and the processes by which enhanced due diligence is conducted for higher-risk business relationships and when simplified customer due diligence might be permitted in the institution; (n) provide for the manner in which and place at which the records are kept in terms of Part 2 of this Chapter; 5 10 15 20 25 30 35 40 45 (o) enable the institution to determine when a transaction or activity is reportable to the Centre under Part 3 of this Chapter; (p) provide for the processes for reporting information to the Centre under 50 Part 3 of this Chapter; (q) provide for the manner in which— (i) (ii) (iii) the Risk Management and Compliance Programme is imple- mented in branches, subsidiaries or other operations of the institution in foreign countries so as to enable the institution to comply with its obligations under this Act; the institution will determine if the host country of a foreign branch or subsidiary permits the implementation of measures required under this Act; and the institution will inform the Centre and supervisory body concerned if the host country contemplated in sub-paragraph (ii) does not permit the implementation of measures required under this Act; 55 60 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 41 41 (ii) ’n kliënt enkeltransaksie gesluit het; is wat ’n sakeverhouding aangegaan het of ’n (c) voorsiening maak vir die wyse waarop die instelling aan artikel 20A voldoen; (d) voorsiening maak vir die wyse waarop en die prosedure waarvolgens die vasstelling en verifiëring van die identiteit van persone wat die verantwoordingspligtige instelling ingevolge Deel 1 van hierdie Hoofstuk moet identifiseer, in die instelling gedoen word; (e) voorsiening maak vir die wyse waarop die instelling vasstel of toekomstige transaksies wat in die loop van die sakeverhouding gesluit sal word, met die instelling se kennis van ’n voornemende kliënt bestaanbaar is; voorsiening maak vir die wyse waarop en die prosesse waarvolgens die instelling bykomende omsigtigheidsmaatreëls ten opsigte van regspersone, trusts en vennootskappe toepas; (f) (g) voorsiening maak vir die wyse waarop en prosesse waarvolgens voortgesette omsigtigheid en rekeningmonitering ten opsigte van sakeverhoudings deur die instelling gedoen word; (h) voorsiening maak vir hoe die instelling— 5 10 15 ingewikkelde of ongewoon groot transaksies; en (i) (ii) ongewone patrone van transaksies wat geen sake- of wettige 20 doel het nie, (i) (j) bestudeer en skriftelike bevindings daaroor hou; voorsiening maak vir die wyse waarop en die prosesse waarvolgens die instelling inligting oor ’n kliënt sal bevestig wanneer die instelling twyfel oor die geloofwaardigheid van inligting wat voorheen verkry is; voorsiening maak vir die wyse waarop en die prosesse waarvolgens die instelling die klante-omsigtigheidsvereistes ooreenkomstig artikels 21, 21A, 21B en 21C sal uitvoer wanneer, deur die loop van ’n sakeverhouding, die instelling vermoed dat ’n transaksie of aktiwiteit verdag of ongewoon is soos in artikel 29 beoog; (k) voorsiening maak vir die wyse waarop die verantwoordingspligtige instelling ’n bestaande sakeverhouding in artikel 21E beoog, sal beëindig; voorsiening maak vir die wyse waarop en die prosesse waarvolgens die verantwoordingspligtige instelling bepaal of ’n voornemende kliënt ’n buitelandse-vooraanstaande-openbare-beampte of ’n binne- landse-vooraanstaande-invloedryke-persoon is; (l) (m) voorsiening maak vir die wyse waarop en die prosesse waarvolgens verbeterde omsigtigheid gedoen word vir hoër-risiko verhoudings en wanneer vereenvoudigde klante-omsigtigheid in die instelling toegelaat kan word; (n) voorsiening maak vir die wyse waarop en plek waar die rekords ingevolge Deel 2 van hierdie Hoofstuk gehou word; (o) die instelling in staat stel om vas te stel wanneer ’n transaksie of aktiwiteit kragtens Deel 3 van hierdie Hoofstuk aan die Sentrum gerapporteer kan word; (p) voorsiening maak vir die prosesse vir die rapportering van inligting aan die Sentrum kragtens Deel 3 van hierdie Hoofstuk; (q) voorsiening maak vir die wyse waarop— (i) die Risikobestuur- en Nakomingsprogram in takke, filiale of ander bedrywe van die instelling in die buiteland geïmple- menteer word ten einde die instelling in staat te stel om sy verpligtinge kragtens hierdie Wet na te kom; (ii) die instelling sal vasstel of die gasheerland van ’n buitelandse tak of filiaal die implementering van maatreëls kragtens hierdie Wet vereis, toelaat; en (iii) die instelling sal die Sentrum en betrokke toesighoudende liggaam inlig as die gasheerland in subparagraaf (ii) bedoel nie die implementering van maatreëls kragtens hierdie Wet vereis, toelaat nie; 25 30 35 40 45 50 55 60 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 42 42 (r) provide for the processes for the institution to implement its Risk Management and Compliance Programme; and (s) provide for any prescribed matter. (2A) An accountable institution must indicate in its Risk Management and Compliance Programme if any paragraph of subsection (2) is not applicable to that accountable institution and the reason why it is not applicable. (2B) The board of directors, senior management or other person or group of persons exercising the highest level of authority in an accountable institution must approve the Risk Management and Compliance Programme of the institution. (2C) An accountable institution must review its Risk Management and Compliance Programme at regular intervals to ensure that the Programme remains relevant to the accountable institution’s operations and the achievement of the requirements contemplated in subsection (2). (3) An accountable institution must make [its internal rules] documen- tation describing its Risk Management and Compliance Programme available to each of its employees involved in transactions to which this Act applies. (4) An accountable institution must, on request, make a copy of [its internal rules] the documentation describing its Risk Management and Compliance Programme available to— (a) (b) a supervisory body which performs regulatory or supervisory func- the Centre; or tions in respect of that accountable institution.’’. Insertion of sections 42A and 42B in Act 38 of 2001
Part
Part 3 of this Chapter;
- 28 Verify source ↗
The following sections are hereby inserted in the principal Act after section 42:
Accountable institutions must have and maintain AML/CFT compliance governance, including a compliance function, approvals, regular reviews, and access to programme documentation.
28. The following sections are hereby inserted in the principal Act after section 42: ‘‘Governance of anti-money laundering and counter terrorist financing compliance 42A. (1) The board of directors of an accountable institution which is a legal person with a board of directors, or the senior management of an accountable institution without a board of directors, must ensure compli- ance by the accountable institution and its employees with the provisions of this Act and its Risk Management and Compliance Programme. (2) An accountable institution which is a legal person must— (a) have a compliance function to assist the board of directors or the senior management, as the case may be, of the institution in discharging their obligations under subsection (1); and (b) assign a person with sufficient competence and seniority to ensure the effectiveness of the compliance function contemplated in paragraph (a). (3) The person or persons exercising the highest level of authority in an accountable institution which is not a legal person must ensure compliance by the employees of the institution with the provisions of this Act and its Risk Management and Compliance Programme, in so far as the functions of those employees relate to the obligations of the institution. (4) An accountable institution which is not a legal person, except for an accountable institution which is a sole practitioner, must appoint a person or persons with sufficient competence to assist the person or persons exercising the highest level of authority in the accountable institution in discharging their obligation under subsection (3). 5 10 15 20 25 30 35 40 45 50 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 43 43 (r) voorsiening maak vir die prosesse vir die instelling om sy Risikobestuur- en Nakomingsprogram te implementeer; en (s) vir enige voorgeskrewe aangeleentheid voorsiening maak. (2A) ’n Verantwoordingspligtige instelling moet in sy Risikobestuur- en Nakomingsprogram aandui indien enige paragraaf van subartikel (2) nie op daardie verantwoordingspligtige instelling van toepassing is nie en die rede waarom dit nie van toepassing is nie. (2B) Die direksie, senior bestuur of ander persoon of groep persone wat die hoogste vlak van gesag in ’n verantwoordingspligtige instelling uitoefen, moet die Risikobestuur- en Nakomingsprogram van die instelling goedkeur. (2C) ’n Verantwoordingspligtige instelling moet sy Risikobestuur- en Nakomingsprogram gereeld hersien om te verseker dat die Program tersaaklik bly ten opsigte van die verantwoordingspligtige instelling se bedrywighede en die bereiking van die vereistes in subartikel (2) beoog. (3) ’n Verantwoordingspligtige instelling moet [sy interne reëls] dokumentasie wat sy Risikobestuur- en Nakomingsprogram beskryf, beskikbaar stel aan elk van sy werknemers wat betrokke is by transaksies waarop hierdie Wet van toepassing is. (4) ’n Verantwoordingspligtige instelling moet, op versoek, ’n afskrif van [sy interne reëls] die dokumentasie wat sy Risikobestuur- en Nakomings- program beskryf beskikbaar stel aan— (a) die Sentrum; of (b) ’n toesighoudende liggaam wat toesighoudende werksaamhede ten opsigte van daardie verantwoordingspligtige instelling verrig.’’. regulerings- of 5 10 15 20 25 Invoeging van artikels 42A en 42B in Wet 38 van 2001 - 28 Verify source ↗
Die volgende artikels word hierby na artikel 42 in die Hoofwet ingevoeg:
Certain accountable institutions must ensure compliance with the Act and their Risk Management and Compliance Programme, and some must set up compliance support roles.
28. Die volgende artikels word hierby na artikel 42 in die Hoofwet ingevoeg: ‘‘Beheer van nakoming ten opsigte van anti-geldwassery en teen- terroristefinansiering 30 42A. (1) Die direksie van ’n verantwoordingspligtige instelling wat ’n ’n direksie is, of die senior bestuur van ’n regspersoon met verantwoordingspligtige instelling sonder ’n direksie, moet verseker dat die verantwoordingspligtige instelling en sy werknemers die bepalings van hierdie Wet en sy Risikobestuur- en Nakomingsprogram, nakom. (a) (b) (2) ’n Verantwoordingspligtige instelling wat ’n regspersoon is moet— ’n voldoeningsfunksie hê om die direksie of die senior bestuur, na gelang van die geval, van die instelling by te staan in die uitvoering van hul verpligtings kragtens subartikel (1); en ’n persoon met voldoende bevoegdheid en senioriteit aanwys om die doeltreffendheid van die voldoeningsfunksie in paragraaf (a) beoog, te verseker. (3) Die persoon of persone wat die hoogste vlak van gesag in ’n verantwoordingspligtige instelling uitoefen, wat nie ’n regspersoon is nie, moet verseker dat werknemers van die instelling aan die bepalings van hierdie Wet en sy Risikobestuur- en Nakomingsprogram voldoen, vir sover die werksaamhede van daardie werknemers met die verpligtings van die instelling verband hou. (4) ’n Verantwoordingspligtige instelling wat nie ’n regspersoon is nie, behalwe ’n verantwoordingspligtige instelling wat ’n alleenpraktisyn is, moet ’n persoon of persone met voldoende bevoegdheid aanstel om die persoon of persone wat die hoogste vlak van gesag in die instelling uitoefen, by te staan in die vervulling van hul verpligting kragtens subartikel (3). 35 40 45 50 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 44 44 Consultation process for issuing guidance - 42B Verify source ↗
Before issuing guidance to accountable institutions, supervisory
Before issuing certain guidance, the Centre must publish a draft, invite submissions, and consider the submissions it receives.
42B. Before issuing guidance to accountable institutions, supervisory bodies and other persons regarding the performance and compliance by them of their duties and obligations in terms of this Act or any directive made in terms of this Act, the Centre must— (a) publish a draft of the guidance by appropriate means of publication 5 and invite submissions; and (b) consider submissions received.’’. Substitution of section 43 of Act 38 of 2001 - 29 Verify source ↗
The following section is hereby substituted for section 43 of the principal Act:
This section substitutes a provision about training and monitoring for anti-money laundering and counter-terrorist financing compliance.
29. The following section is hereby substituted for section 43 of the principal Act: 10 ‘‘Training [and monitoring of] relating to anti-money laundering and counter terrorist financing compliance - 43 Verify source ↗
An accountable institution must[—
An accountable institution must train its employees and appoint a person to ensure compliance.
43. An accountable institution must[— (a)] provide ongoing training to its employees to enable them to comply with the provisions of this Act and [the internal rules] the Risk Management and Compliance Programme which are applicable to them[; (b) appoint a person with the responsibility to ensure compliance by— (i) (ii) the employees of the accountable institution with the provisions of this Act and the internal rules applicable to them; and the accountable institution with its obligations under this Act].’’. 15 20 Amendment of section 43A of Act 38 of 2001, as inserted by section 14 of Act 11 of 2008 25 - 30 Verify source ↗
Section 43A of the principal Act is hereby amended—
The Centre, and sometimes a supervisory body, may issue directives to institutions covered by the Act, subject to stated conditions.
30. Section 43A of the principal Act is hereby amended— (a) by the substitution for subsections (1) and (2) of the following subsections: ‘‘(1) (a) The Centre may, by notice in the Gazette, issue a directive to all institutions to whom the provisions of this Act apply[,]— (i) (ii) which reasonably may be required to give effect to the Centre’s regarding the application of this Act; or objectives contemplated in section 3. (b) The Centre may issue a directive in terms of paragraph (a) only after consulting with supervisory bodies on that directive. (2) The Centre or a supervisory body may, in writing, issue a directive to any category of accountable institutions or category of reporting institutions or other category of [person] persons to whom the provisions of this Act apply[,]— (a) (b) which reasonably may be required to give effect to the Centre’s regarding the application of this Act; or objectives contemplated in section 3.’’; (b) by the substitution in subsection (6) for paragraph (a) of the following paragraph: ‘‘(a) The Centre, in respect of any accountable institution or category of accountable institutions regulated or supervised by a supervisory body in terms of this Act or any other law, may issue a directive in accordance with subsections (2) and (3) only [if a supervisory body]— (i) if a supervisory body failed to issue a directive despite any recommendation of the Centre made in terms of section 44(b); or [failed to issue a directive within the period specified by the Centre] after consultation with the relevant supervisory body.’’; and (ii) 30 35 40 45 50 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 45 45 Oorlegplegingsproses vir gee van leiding - 42B Verify source ↗
Voordat leiding aan verantwoordingspligtige instellings, toesig-
Before giving guidance, the Centre must publish a draft and invite submissions, then consider any submissions it receives.
42B. Voordat leiding aan verantwoordingspligtige instellings, toesig- houdende liggame en ander persone gegee word oor die prestasie, en nakoming deur hulle van hul pligte en verpligtinge ingevolge hierdie Wet of enige lasgewing ingevolge hierdie Wet gegee, moet die Sentrum— (a) ’n konsep van die leiding op gepaste maniere publiseer en voorleggings aanvra; en 5 (b) voorleggings wat ontvang is, oorweeg.’’. Vervanging van artikel 43 van Wet 38 van 2001 - 29 Verify source ↗
Artikel 43 van die Hoofwet word hierby deur die volgende artikel vervang:
An accountable institution must provide ongoing training to its employees so they can comply with the Act and the applicable compliance program.
29. Artikel 43 van die Hoofwet word hierby deur die volgende artikel vervang: 10 ‘‘Opleiding [en monitering van] vir nakoming ten opsigte van anti- geldwassery en teenterroristefinansiering 43. ’n Verantwoordingspligtige instelling moet[— (a)] voortgesette opleiding aan sy werknemers verskaf om hulle in staat te stel om die bepalings van hierdie Wet en [die interne reëls] die Risikobestuur- en Nakomingsprogram wat op hulle van toepassing is, na te kom[; ’n persoon aanstel met die verantwoordelikheid om nakoming te verseker deur— (b) (i) die werknemers van die verantwoordingspligtige instelling van die bepalings van hierdie Wet en die interne reëls wat op hulle van toepassing is; en (ii) die verantwoordingspligtige instelling van sy verpligtinge 15 20 kragtens hierdie Wet].’’. Wysiging van artikel 43A van Wet 38 van 2001, soos ingevoeg deur artikel 14 van Wet 11 van 2008 25 - 30 Verify source ↗
Artikel 43A van die Hoofwet word hierby gewysig—
The Centre or a supervisory body may issue directives to institutions, but must consult and invite submissions before doing so.
30. Artikel 43A van die Hoofwet word hierby gewysig— (a) deur subartikels (1) en (2) deur die volgende subartikels te vervang: ‘‘(1) (a) Die Sentrum kan, by kennisgewing in die Staatskoerant, ’n lasgewing [aangaande die toepassing van hierdie Wet] uitreik aan al die instellings op wie die bepalings van hierdie Wet van toepassing is— (i) (ii) wat redelikerwys nodig mag wees om gevolg te gee aan die Sentrum aangaande die toepassing van hierdie Wet; of 30 se oogmerke in artikel 3 beoog. (b) Die Sentrum kan ’n lasgewing ingevolge paragraaf (a) slegs uitreik 35 na oorleg met toesighoudende liggame oor daardie lasgewing. aan uitreik (2) Die Sentrum of ’n toesighoudende liggaam kan ’n skriftelike verantwoordingspligtige lasgewing instellings of kategorie verslagdoeningsinstellings of ander kategorie persone op wie die bepalings van hierdie Wet van toepassing is[,]— (a) aangaande die toepassing van hierdie Wet; of (b) wat redelikerwys nodig mag wees om gevolg te gee aan die Sentrum kategorie enige se oogmerke in artikel 3 beoog.’’; (b) deur in subartikel (6) paragraaf (a) deur die volgende paragraaf te vervang: ‘‘(a) Die Sentrum kan, ten opsigte van enige verantwoordingspligtige instelling of kategorie verantwoordingspligtige instellings wat ingevolge hierdie Wet of enige ander wet gereguleer word of oor wie ingevolge hierdie Wet of enige ander wet toesig gehou word, ’n lasgewing ooreenkomstig subartikels (2) en (3) uitreik slegs [indien ’n toesig- houdende liggaam]— (i) indien ’n toesighoudende liggaam versuim het om ’n lasgewing uit te reik ondanks ’n aanbeveling van die Sentrum ingevolge artikel 44(b) gedoen; of [versuim het om ’n lasgewing uit te reik binne die tydperk vermeld deur die Sentrum] na oorleg met die tersaaklike toesighoudende liggaam.’’; en (ii) 40 45 50 55 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 46 46 (c) by the addition of the following subsection: ‘‘(7) Before the Centre or supervisory body concerned issues a directive, it must— (a) in the case of a directive in terms of— (i) subsection (1), in the Gazette, give notice where a draft of the 5 directive will be available and invite submissions; (ii) subsection (2), publish a draft of the directive by appropriate means of publication and invite submissions; and (b) consider submissions received.’’. Amendment of section 45 of Act 38 of 2001, as inserted by section 15 of Act 11 of 2008 10 - 31 Verify source ↗
Section 45 of the principal Act is hereby amended by the substitution for
The Centre and a supervisory body must coordinate how they exercise powers and perform functions, and they must sign a written memorandum of understanding.
31. Section 45 of the principal Act is hereby amended by the substitution for subsection (1D) of the following subsection: ‘‘(1D) (a) The Centre and a supervisory body must coordinate their approach to exercising their powers and performing their functions in terms of this Act to ensure the consistent application of the Act, and must enter into a written memorandum of understanding in respect thereof. (b) The memorandum of understanding must provide for— (i) the sharing of information between the parties, which must include— (aa) the types of information to be furnished by each party; or (bb) measures to protect confidentiality of the information, including limiting access to specified persons or incumbents of specified positions, subject to section 40(3) and other provisions of this Act and other applicable legislation; (ii) cooperation between the parties and assisting each other in the exercise of their respective powers and the performance of their respective duties in terms of this Act; 15 20 25 (iii) a dispute resolution mechanism; and (iv) such other matters as may be prescribed.’’. Amendment of section 45B of Act 38 of 2001, as inserted by section 16 of Act 11 of 2008 30 - 32 Verify source ↗
Section 45B of the principal Act is hereby amended—
Inspectors may enter and inspect certain premises for compliance checks, and the Centre or a supervisory body must follow a public notice-and-submissions process before issuing a notice.
32. Section 45B of the principal Act is hereby amended— (a) by the substitution for subsection (1) of the following subsection: ‘‘(1) (a) In this section ‘compliance’ means compliance with a provision of this Act or any order, determination or directive made in terms of if not complied with, constitutes non-compliance. this Act and which, (b) [For] An inspector appointed in terms of section 45A may enter the premises, excluding a private residence, of an accountable institution or reporting institution which is registered in terms of section 43B or otherwise licensed or authorised by a supervisory body and inspect the affairs of the accountable institution or reporting institution, as the case may be, for the purposes of determining compliance [with this Act or any order, determination or directive made in terms of this Act, an inspector may at any reasonable time and on reasonable notice, where appropriate, enter and inspect any premises at which the Centre or, when acting in terms of section 45(1), the supervisory body reasonably believes that the business of an accountable institution, reporting institution or other person to whom the provisions of this Act apply, is conducted].’’; (b) by the insertion after subsection (1) of the following subsections: ‘‘(1A) An inspector appointed in terms of section 45A may, for the purposes of determining compliance and on the authority of a warrant issued under subsection (1B), enter and inspect— (a) a private residence; or 35 40 45 50 55 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 47 47 (c) deur die volgende subartikel by te voeg: ‘‘(7) Voordat die betrokke Sentrum of toesighoudende liggaam ’n lasgewing uitreik, moet hy— (a) in die geval van ’n lasgewing ingevolge— (i) subartikel (1), in die Staatskoerant, kennis gee waar ’n konsep van die lasgewing beskikbaar sal wees en voorleggings aanvra; (ii) subartikel (2), ’n konsep van die lasgewing publiseer en 5 voorleggings aanvra; (b) die voorleggings wat ontvang is, oorweeg.’’. Wysiging van artikel 45 van Wet 38 van 2001, soos ingevoeg deur artikel 15 van Wet 11 van 2008 10 - 31 Verify source ↗
Artikel 45 van die Hoofwet word hierby gewysig deur subartikel (1D) deur die
The Centre and a supervising body must coordinate how they exercise their powers and perform their functions, and must sign a written memorandum of understanding.
31. Artikel 45 van die Hoofwet word hierby gewysig deur subartikel (1D) deur die volgende subartikel te vervang: ‘‘(1D) (a) Die Sentrum en ’n toesighoudende liggaam moet hulle benadering tot die uitoefening van hulle bevoegdhede en die verrigting van hulle werksaamhede ingevolge hierdie Wet koördineer ten einde die konsekwente toepassing van hierdie Wet te verseker, en moet ’n skriftelike memorandum van verstandhouding ten opsigte daarvan aangaan. (b) Die memorandum van verstandhouding moet voorsiening maak vir— (i) die deel van inligting tussen die partye, wat moet insluit— (aa) die tipes inligting wat deur elke party voorsien moet word; of (bb) maatreëls om vertroulikheid van die inligting te beskerm, met inbegrip van beperking van toegang tot vermelde persone of bekleërs van vermelde posisies, behoudens artikel 40(3) en ander bepalings van hierdie Wet en ander toepaslike wetgewing; (ii) samewerking tussen die partye en bystand aan mekaar in die uitoefening van hul onderskeie bevoegdhede en die verrigting van hul onderskeie pligte ingevolge hierdie Wet; (iii) ’n geskilbeslegtingsmeganisme; en (iv) sodanige ander aangeleenthede wat voorgeskryf word.’’. Wysiging van artikel 45B van Wet 38 van 2001, soos ingevoeg deur artikel 16 van Wet 11 van 2008 - 32 Verify source ↗
Artikel 45B van die Hoofwet word hierby gewysig—
This section amends inspection powers: inspectors may enter certain premises, including private residences or unlicensed business premises in some cases, only under a warrant or with consent/prior authority, and must conduct inspections reasonably and respectfully.
32. Artikel 45B van die Hoofwet word hierby gewysig— (a) deur subartikel (1) deur die volgende subartikel te vervang: ‘‘(1) (a) In hierdie artikel beteken ‘nakoming’ nakoming van ’n bepaling van hierdie Wet of enige bevel gegee, vasstelling gedoen of indien dit nie lasgewing uitgereik ingevolge hierdie Wet en wat, nagekom word nie, nie-nakoming daarstel. (b) [Vir] ’n Inspekteur aangestel ingevolge artikel 45A kan die perseel, behalwe ’n privaatwoning, van ’n verantwoordingspligtige ingevolge artikel 43B instelling of verslagdoeningsinstelling wat geregistreer is of andersins deur die toesighoudende liggaam gelisensieer of gemagtig is, betree en die sake van die verantwoordingspligtige instelling of verslagdoeningsinstelling, na gelang van die geval, inspekteer vir die doeleindes van die bepaling van nakoming [van hierdie Wet of ’n bevel gegee, vasstelling gedoen of lasgewing uitgereik ingevolge hierdie Wet, kan ’n inspekteur te eniger redelike tyd en met redelike kennisgewing, waar toepaslik, enige perseel betree en ondersoek waarop die Sentrum of, wanneer ingevolge artikel 45(1) opgetree word, die toesighoudende liggaam redeliker- wys glo dat die werksaamhede van ’n verantwoordingspligtige instelling, verslagdoeningsinstelling of ander persoon op wie die bepalings van hierdie Wet van toepassing is, verrig word].’’; (b) deur die volgende subartikels na subartikel (1) in te voeg: ‘‘(1A) ’n Inspekteur ingevolge artikel 45A aangestel kan, vir die doeleindes van die bepaling van nakoming en op gesag van ’n lasbrief kragtens subartikel (1B) uitgereik— (a) ’n privaatwoning; of 15 20 25 30 35 40 45 50 55 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 48 48 (b) any premises other than premises contemplated in subsection (1)(b) or paragraph (a) (in this section referred to as ‘unlicensed business premises’), if the Centre or a supervisory body reasonably believes that the residence or premises are used for a business to which the provisions of this Act apply. (1B) A magistrate or judge may issue a warrant contemplated in subsection (1A)— (a) on written application by the Centre or a supervisory body setting out under oath or affirmation why it is necessary for an inspector to enter and inspect the private residence or unlicensed business premises; and if it appears to the magistrate or judge from the information under oath or affirmation that— (b) 5 10 (i) there are reasonable grounds for suspecting that an act of 15 non-compliance has occurred; (ii) entry and inspection of the private residence or unlicensed business premises are likely to yield information pertaining to the non-compliance; and (iii) entry and inspection of that residence or those premises are reasonably necessary for the purposes of determining compli- ance. (1C) An inspector otherwise required to obtain a warrant for entry and inspection of a private residence or unlicensed business premises in terms of subsection (1A), may enter and inspect that residence or those premises without a warrant— (a) with the consent of— (i) in the case of a private residence— (aa) the person apparently in control of the business reason- ably believed to be conducted at the private residence; and (bb) the occupant of the part of the private residence to be entered and inspected; or (ii) in the case of unlicensed business premises, the person apparently in control of the business reasonably believed to be conducted at the premises, after informing him or her that he or she is under no obligation to admit the inspector in the absence of a warrant; or (b) with the prior authority of the Director or the head of a supervisory body, or a senior staff member of the Centre or supervisory body delegated to perform the function, if the Director, head or senior staff member on reasonable grounds believes that— (i) a warrant will be issued under subsection (1B) if applied for; (ii) the delay in obtaining the warrant is likely to defeat the purpose for which entry and inspection of the private residence or unlicensed business premises is sought; and (iii) it is necessary to enter and inspect that residence or those premises to perform any or all of the actions contemplated in section 45B(2)(a) to (f). (1D) Where an inspector enters and inspects premises in terms of subsection (1)(b), or a private residence or unlicensed business premises in terms of subsection (1C), he or she must do so— (a) at a reasonable time within ordinary business hours or, in the case of an entry and inspection in terms of subsection (1C)(b), if the inspector on reasonable grounds believes that the purpose for which the entry and inspection is sought, is likely to be defeated by a delay, as closely to ordinary business hours as the circumstances reasonably permit; (b) on reasonable notice, where appropriate; (c) with strict regard to an affected person’s right to— (i) dignity; (ii) freedom and security; 20 25 30 35 40 45 50 55 60 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 49 49 (b) enige perseel buiten ’n perseel in subartikel (1)(b) of paragraaf (a) beoog (in hierdie artikel ’n ‘ongelisensieerde sakeperseel’ genoem), betree en inspekteer, indien die Sentrum of ’n toesighoudende liggaam redelikerwys glo dat die woning of perseel gebruik word vir ’n onderneming waarop die bepalings van hierdie Wet van toepassing is. (1B) ’n Landdros of regter kan ’n lasbrief in subartikel (1A) beoog, uitreik— (a) by skriftelike aansoek deur die Sentrum of ’n toesighoudende liggaam wat onder eed of bevestiging uiteensit hoekom dit nodig is dat ’n inspekteur die privaatwoning of ongelisensieerde sakeperseel betree en dit inspekteer; en indien dit vir die landdros of regter uit die inligting onder eed of bevestiging blyk dat— (b) (i) daar redelike gronde is om te vermoed dat ’n handeling van nie-nakoming voorgekom het; (ii) betreding en inspeksie van die privaatwoning of ongelisensi- eerde sakeperseel waarskynlik inligting sal oplewer wat met die nie-nakoming verband hou; en (iii) betreding en inspeksie van die privaatwoning of ongelisensi- eerde sakeperseel redelikerwys nodig is ten einde nakoming te bepaal. (1C) ’n Inspekteur wat andersins ’n lasbrief vir betreding en inspeksie ingevolge van ’n privaatwoning of ongelisensieerde sakeperseel subartikel (1A) moet kry, kan daardie woning of perseel sonder ’n lasbrief betree en inspekteer— (a) met die toestemming van— (i) in die geval van ’n privaatwoning— (aa) die persoon wat skynbaar in beheer is van die sake wat redelikerwys vermoed word by die privaatwoning bedryf word; en (bb) die okkupant van die deel van die privaatwoning wat betree en geïnspekteer moet word; of (ii) in die geval van ’n ongelisensieerde sakeperseel, die persoon wat skynbaar in beheer is van die sake wat redelikerwys vermoed word by die perseel bedryf word, nadat hy of sy ingelig is dat hy of sy onder geen verpligting is om die inspekteur in die afwesigheid van ’n lasbrief in te laat nie; of (b) met die vooraf magtiging van die Direkteur of die hoof van ’n toesighoudende liggaam, of ’n senior personeellid van die Sentrum of toesighoudende liggaam wat gedelegeer is om die werksaamheid te verrig, indien die Direkteur, hoof of senior personeellid op redelike gronde glo dat— (i) ’n lasbrief kragtens subartikel (1B) uitgereik sal word indien daarvoor aansoek gedoen word; (ii) die vertraging in die verkryging van die lasbrief waarskynlik die doel waarvoor toegang en inspeksie van die privaatwoning of ongelisensieerde sakeperseel vereis word, sal verydel; (iii) dit nodig is om daardie woning of daardie perseel te betree en te inspekteer om enige of al die handelinge in artikel 45B(2)(a) tot (f) beoog, te verrig. (1D) Waar ’n inspekteur ’n perseel ingevolge subartikel (1)(b), of ’n ingevolge subartikel privaatwoning of ongelisensieerde sakeperseel (1C), betree en inspekteer moet hy of sy dit— (a) op ’n redelike tyd binne gewone sake-ure of, in die geval van ’n betreding en inspeksie ingevolge subartikel (1C)(b), indien die inspekteur op redelike gronde glo dat die doel waarvoor die betreding en inspeksie vereis word, waarskynlik deur ’n vetraging verydel sal word, so na as moontlik aan gewone sake-ure soos die omstandighede redelikerwys toelaat; (b) met redelike kennisgewing, waar gepas; (c) met streng inagneming van ’n geraakte persoon se reg op— (i) waardigheid; (ii) vryheid en sekuriteit; 5 10 15 20 25 30 35 40 45 50 55 60 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 50 50 (iii) privacy; and (iv) other constitutional rights; and (d) with strict regard to decency and good order as the circumstances require, in particular by— (i) entering and inspecting only such areas or objects as are 5 reasonably required for purposes of section 45B(2); (ii) conducting the inspection discreetly and with due decorum; (iii) causing as little disturbance as possible; and (iv) concluding the inspection as soon as possible. (1E) Subsection (1D)(c) and (d) apply with the necessary changes where an inspector enters and inspects premises on the authority of a warrant issued under subsection (1B).’’; (c) by the insertion after subsection (2) of the following subsection: ‘‘(2A) When acting in terms of subsection (2)(b) or (d), an inspector the Centre; of— (a) (b) a supervisory body referred to in item 1 or 2 of Schedule 2; or any other supervisory body meeting the prescribed criteria, (c) may order from an accountable institution or reporting institution under inspection, the production of a copy of a report, or the furnishing of a fact or information related to the report, contemplated in section 29. (2B) If the inspector of a supervisory body, referred to in subsection (2A)(b) or (c), obtained a report, or a fact or information related to the report, under subsection (2A), that supervisory body must request information from the Centre under section 40(1C) relating to the report contemplated in section 29 which may be relevant to such inspection. (2C) For purposes of subsection (2B), the Centre must provide the information to the inspector of the supervisory body in accordance with section 40.’’; (d) by the substitution for subsection (4) of the following subsection: ‘‘(4) The Centre or a supervisory body may recover all expenses necessarily incurred in conducting an inspection from an accountable institution[,] or reporting institution [or person] inspected.’’; (e) by the substitution in subsection (5)(b) for subparagraph (iv) of the following subparagraph: ‘‘(iv) except information contemplated in subsections (2A) and (2C), if the Director or supervisory body is satisfied that it is in the public interest.’’; by the deletion in subsection (6) of paragraph (b); and (f) (g) by the deletion of subsection (7). Amendment of section 45C of Act 38 of 2001, as inserted by section 16 of Act 11 of 2008 - 33 Verify source ↗
Section 45C of the principal Act is hereby amended by the substitution in
Any financial penalty imposed must be paid into the National Revenue Fund, following the period and manner set out in the relevant notice.
33. Section 45C of the principal Act is hereby amended by the substitution in subsection (7) for paragraph (a) of the following paragraph: ‘‘(7) (a) Any financial penalty imposed must be paid into the [Criminal Assets Recovery Account established by section 63 of the Prevention Act] National Revenue Fund within the period and in the manner as may be specified in the relevant notice.’’. 10 15 20 25 30 35 40 45 Amendment of section 45D of Act 38 of 2001, as inserted by section 16 of Act 11 of 2008 50 - 34 Verify source ↗
Section 45D of the principal Act is hereby amended—
The appeal board may grant condonation to an appellant who lodged an appeal late, if good cause is shown.
34. Section 45D of the principal Act is hereby amended— (a) by the addition to subsection (1) of the following paragraph: ‘‘(c) The appeal board may, on good cause shown, grant condonation to an appellant who has failed to lodge an appeal timeously as provided for in paragraph (b).’’; 55 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 51 51 (iii) privaatheid; en (iv) ander grondwetlike regte, doen; en (d) met streng inagneming van ordentlikheid en goeie orde soos die omstandighede vereis, in die besonder deur— (i) slegs sodanige gebiede of voorwerpe te betree en te inspekteer soos redelik vir die doeleindes van artikel 45B(2) vereis word; (ii) die inspeksie diskreet en met behoorlike fatsoenlikheid te doen; (iii) so min as moontlik steurnis te veroorsaak; en (iv) die inspeksie so gou as moontlik af te handel. (1E) Subartikel (1D)(c) en (d) is van toepassing met die nodige veranderinge waar ’n inspekteur ’n perseel betree en inspekteer met die gesag van ’n lasbrief kragtens subartikel (1B) uitgereik.’’; (c) deur die volgende subartikel na subartikel (2) in te voeg: ‘‘(2A) Wanneer ’n inspekteur van— (a) die Sentrum; (b) (c) ’n toesighoudende liggaam in item 1 of 2 van Bylae 2 bedoel; of enige ander toesighoudende liggaam wat aan die voorgeskrewe maatstawwe voldoen, ingevolge subartikel wat ’n verantwoordingspligtige instelling of verslagdoeningsinstelling onder inspeksie ’n afskrif van ’n verslag lewer, of ’n feit of inligting oor die verslag, in artikel 29 beoog, verstrek. (d) optree kan gelas dat (2)(b) of (2B) Indien die inspekteur van ’n toesighoudende liggaam, in subartikel (2A)(b) of (c) bedoel, ’n verslag, of ’n feit of inligting oor die verslag, kragtens subartikel (2A), verkry het, moet daardie toesig- houdende liggaam inligting van die Sentrum aanvra kragtens artikel 40(1C) oor die verslag in artikel 29 beoog, wat tersaaklik vir die inspeksie kan wees. (2C) By die toepassing van subartikel (2B), moet die Sentrum die inligting ooreenkomstig artikel 40 aan die inspekteur van die toesighoudende liggaam voorsien.’’; (d) deur subartikel (4) deur die volgende subartikel te vervang: ‘‘(4) Die Sentrum of ’n toesighoudende liggaam kan alle uitgawes wat noodsaaklikerwys aangegaan word, wanneer ’n inspeksie uitgevoer word, verhaal van ’n verantwoordingspligtige instelling[,] of verslag- doeningsinstelling [of persoon] wat geïnspekteer word.’’; (e) deur subparagraaf (iv) in subartikel (5)(b) deur die volgende subparagraaf te vervang: ‘‘(iv) behalwe inligting in subartikels (2A) en (2C) beoog, indien die Direkteur of toesighoudende liggaam oortuig is dat dit in die openbare belang is.’’; deur paragraaf (b) in subartikel (6) te skrap; en (f) (g) deur subartikel (7) te skrap. 5 10 15 20 25 30 35 40 Wysiging van artikel 45C van Wet 38 van 2001, soos ingevoeg deur artikel 16 van Wet 11 van 2008 45 - 33 Verify source ↗
Artikel 45C van die Hoofwet word hierby gewysig deur in subartikel (7) paragraaf
A financial penalty imposed must be paid into the National Revenue Fund within the time and in the manner stated in the relevant notice.
33. Artikel 45C van die Hoofwet word hierby gewysig deur in subartikel (7) paragraaf (a) deur die volgende paragraaf te vervang: ‘‘(7) (a) Enige finansiële boete opgelê, moet inbetaal word in die [Rekening vir die Verhaling van Kriminele Bates ingestel by artikel 63 van die Voorkomingswet] Nasionale Inkomstefonds binne die tydperk en op die wyse wat in die betrokke kennisgewing vermeld word.’’. 50 Wysiging van artikel 45D van Wet 38 van 2001, soos ingevoeg deur artikel 16 van Wet 11 van 2008 55 - 34 Verify source ↗
Artikel 45D van die Hoofwet word hierby gewysig deur—
The appeal board chairperson gets procedural control over appeals, and appeals are generally decided only on evidence already before the Centre or supervisory body before the challenged decision was made.
34. Artikel 45D van die Hoofwet word hierby gewysig deur— (a) die volgende paragraaf by subartikel (1) te voeg: ‘‘(c) Die appèlraad kan, by die aanvoer van goeie gronde, ’n appellant verskoon wat versuim het om ’n appèl betyds aan te teken, soos in paragraaf (b) voor voorsiening gemaak.’’; 60 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 52 (b) by the substitution for subsection (3) of the following subsection: 52 ‘‘(3) An appeal is decided on the [affidavits and supporting documents presented to the appeal board by the parties to the information and documentation appeal] written evidence, submitted to the Centre or the supervisory body before the decision which is subject to the appeal was taken.’’; factual (c) by the insertion after subsection (3) of the following subsections: ‘‘(3A) Subject to subsection (4), no oral or written evidence or factual information and documentation, other than that which was available to the Centre or supervisory body and the written reasons for the decision of the Centre or the supervisory body, may be submitted to the appeal board by a party to the appeal. (3B) Despite subsection (3), the chairperson of the appeal board may on application by— (a) the appellant concerned, and on good cause shown, allow further oral and written evidence or factual information and documentation not made available to the Centre or the supervisory body prior to the making of the decision against which the appeal is lodged; or the Centre or the supervisory body concerned, and on good cause shown, allow further oral and written evidence or factual informa- tion and documentation to be submitted and introduced into the record of the appeal. (b) (3C) If introduction by an appellant of further oral and written evidence or factual documentation is allowed into the record of the appeal under subsection (3B)(a), the matter must be submitted to the Centre or the supervisory body in question for reconsideration. (3D) When an appeal is submitted to the Centre or a supervisory body as contemplated in subsection (3C), the appeal is deferred pending the final decision of the Centre or the supervisory body. (3E) If, after the Centre or the supervisory body concerned has made a final decision as contemplated in subsection (3D), the appellant continues with the appeal by giving written notice to the appeal board, the record must include the further oral evidence properly transcribed, the written evidence or factual information or documentation allowed, and the further reasons or documentation submitted by the Centre or the supervisory body concerned.’’; (d) by the substitution in subsection (4) for the words preceding paragraph (a) of the following words: ‘‘(4) [Despite the provisions of subsection (3) the appeal board may] For the purposes of allowing further oral evidence in terms of subsection (3B) the appeal board may—’’; (e) by the substitution for subsection (5) of the following subsection: ‘‘(5) The chairperson of the appeal board determines the rules of the appeal and any other procedural matters relating to an appeal.’’; (f) by the insertion after subsection (6) of the following subsections: ‘‘(6A) The chairperson of the appeal board manages the case load of the appeal board and must assign each appeal to an adjudication panel comprising of not less than three members of the appeal board. (6B) The chairperson of the appeal board appoints a chairperson of an adjudication panel who presides over the proceedings of that panel and that chairperson has a deciding vote in the case of an equality of votes.’’; and 5 10 15 20 25 30 35 40 45 50 (g) by the substitution for subsection (8) of the following subsection: ‘‘(8) The decision of a majority of the members of [the appeal board] an adjudication panel shall be the decision of [that] the appeal board.’’. 55 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 53 53 (b) deur subartikel (3) deur die volgende subartikel te vervang: ‘‘(3) ’n Appèl word beslis op die [beëdigde verklarings en ondersteunende dokumente wat aan die appèlraad voorgelê word deur die partye tot die appèl] skriftelike getuienis, feitelike inligting en dokumentasie aan die Sentrum of toesighoudende liggaam voorgelê voordat die besluit waaroor geappelleer word, geneem is.’’; (c) deur die volgende subartikels na subartikel (3) in te voeg: ‘‘(3A) Behoudens subartikel (4), kan geen mondelinge of skriftelike getuienis of feitelike inligting en dokumentasie, buiten dit wat aan die Sentrum of is en die toesighoudende liggaam beskikbaar gestel skriftelike redes vir die Sentrum of toesighoudende liggaam se besluit, deur ’n party tot die appèl aan die appèlraad voorgelê word nie. (3B) Ondanks subartikel (3), kan die voorsitter van die appèlraad by aansoek deur— (a) die betrokke appellant, en by aanvoer van goeie gronde, verdere mondelinge en skriftelike getuienis of feitelike inligting en dokumentasie toelaat wat nie aan die Sentrum of toesighoudende liggaam beskikbaar gestel is voordat die besluit geneem is waarteen geappelleer word nie; of (b) die betrokke Sentrum of die toesighoudende liggaam, en by aanvoer van goeie gronde, toelaat dat verdere mondelinge en skriftelike getuienis ingehandig en in die oorkonde van die appèl opgeneem word. (3C) Indien ’n appellant se bekendstelling van verdere mondelinge en feitelike dokumentasie kragtens subartikel skriftelike getuienis of (3B)(a) in die oorkonde van die appèl toegelaat word, moet die aangeleentheid aan die Sentrum of betrokke toesighoudende liggaam voorgelê word vir heroorweging. (3D) Wanneer ’n appèl soos in subartikel (3C) beoog aan die Sentrum of ’n toesighoudende liggaam voorgelê word, word die appèl hangende die finale besluit van die Sentrum of die toesighoudende liggaam, uitgestel. (3E) Indien, na die Sentrum of die betrokke toesighoudende liggaam ’n finale besluit soos in subartikel (3D) beoog, geneem het, die appellant voortgaan met die appèl deur skriftelike kennis aan die appèlraad te gee, moet die oorkonde die verdere toegelate deeglik getranskribeerde mondelinge getuienis, die skriftelike getuienis of feitelike inligting of dokumentasie en die verdere redes of dokumentasie deur die Sentrum of betrokke toesighoudende liggaam voorgelê, insluit.’’; 5 10 15 20 25 30 35 (d) deur in subartikel (4) die woorde wat paragraaf (a) voorafgaan deur die 40 volgende woorde te vervang: ‘‘(4) [Ondanks die bepalings van subartikel (3) kan die appèlraad] Vir die doeleindes om verdere mondelinge getuienis ingevolge subartikel (3B) toe te laat, kan die appèlraad—’’; (e) deur subartikel (5) deur die volgende subartikel te vervang: ‘‘(5) Die voorsitter van die appèlraad bepaal die reëls van die appèl en enige ander prosedureaangeleenthede wat op ’n appèl betrekking het.’’; (f) deur die volgende subartikels na subartikel (6) in te voeg: ‘‘(6A) Die voorsitter van die appèlraad bestuur die saaklas van die appèlraad en moet elke appèl aan ’n beregtingspaneel bestaande uit minstens drie lede van die appèlraad, toewys. (6B) Die voorsitter van die appèlraad stel ’n voorsitter van ’n beregtingspaneel aan wat oor die verrigtinge van daardie paneel voorsit en daardie voorsitter het by ’n staking van stemme ’n beslissende stem.’’; en (g) deur subartikel (8) deur die volgende subartikel te vervang: ‘‘(8) Die besluit van ’n meerderheid van die lede van [die appèlraad] ’n beregtingsraad is die besluit van [daardie raad] die appèlraad.’’. 45 50 55 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 54 Substitution of section 46 of Act 38 of 2001 54 - 35 Verify source ↗
The following section is hereby substituted for section 46 of the principal Act:
An accountable institution must not do acts or conclude transactions that contravene section 21, and it may face an administrative sanction.
35. The following section is hereby substituted for section 46 of the principal Act: ‘‘Failure to identify persons 46. (1) An accountable institution that performs any act to give effect to a business relationship or single transaction in contravention of section 21(1) or (1A) [is guilty of an offence] is non-compliant and is subject to an administrative sanction. (2) An accountable institution that concludes any transaction in contravention of section 21(2) [is guilty of an offence] is non-compliant and is subject to an administrative sanction.’’. 5 10 Insertion of section 46A in Act 38 of 2001 - 36 Verify source ↗
The following section is hereby inserted in the principal Act after section 46:
This section inserts a new provision titled “Failure to comply with duty in regard to customer due diligence.”
36. The following section is hereby inserted in the principal Act after section 46: ‘‘Failure to comply with duty in regard to customer due diligence - 46A Verify source ↗
An accountable institution that fails to comply with the duty to
An accountable institution must comply with the duty to perform additional due diligence measures under sections 21A to 21H, or it may be subject to an administrative sanction.
46A. An accountable institution that fails to comply with the duty to perform additional due diligence measures in accordance with section 21A, 21B, 21C, 21D, 21E, 21F, 21G or 21H is non-compliant and is subject to an administrative sanction.’’. 15 Substitution of section 47 of Act 38 of 2001 - 37 Verify source ↗
The following section is hereby substituted for section 47 of the principal Act:
This section substitutes a new section 47 concerning failure to keep records.
37. The following section is hereby substituted for section 47 of the principal Act: ‘‘Failure to keep records - 47 Verify source ↗
An accountable institution that fails to—
An accountable institution that fails to keep required records or comply with the stated recordkeeping provisions is non-compliant and may face an administrative sanction.
47. An accountable institution that fails to— (a) keep a record of information in terms of section 22(1), or 22A(1) or (2); comply with the provisions of section 24(3), (b) keep such records in accordance with section 23 or [section] 24(1); or (c) [is guilty of an offence] is non-compliant and is subject to an administra- tive sanction.’’. 20 25 Substitution of section 49 of Act 38 of 2001 - 38 Verify source ↗
The following section is hereby substituted for section 49 of the principal Act:
An accountable institution must give assistance to a representative of the Centre under section 27A(5). Failing to do so is an offence.
38. The following section is hereby substituted for section 49 of the principal Act: ‘‘49. An accountable institution that fails to give assistance to a representative of 30 the Centre in accordance with section [26(5)] 27A(5), is guilty of an offence.’’. Insertion of section 49A in Act 38 of 2001 - 39 Verify source ↗
The following section is hereby inserted in the principal Act after section 49:
This section inserts a new provision about contravening prohibitions relating to persons and entities identified by the United Nations Security Council.
39. The following section is hereby inserted in the principal Act after section 49: ‘‘Contravention of prohibitions relating to persons and entities identified by Security Council of United Nations 35 - 49A Verify source ↗
Any person who contravenes a provision of section 26B is guilty of
A person who contravenes section 26B commits an offence.
49A. Any person who contravenes a provision of section 26B is guilty of an offence.’’. Substitution of section 50 of Act 38 of 2001 - 40 Verify source ↗
The following section is hereby substituted for section 50 of the principal Act:
This section replaces section 50 of the principal Act with a provision titled “Failure to advise Centre of client”.
40. The following section is hereby substituted for section 50 of the principal Act: ‘‘Failure to advise Centre of client 40 - 50 Verify source ↗
An accountable institution, reporting institution or person that is
A reporting-related person commits an offence if required reporting to the Centre is not made in line with section 27.
50. An accountable institution, reporting institution or person that is required to make a report in terms of section 29 that fails to inform the Centre in accordance with section 27, is guilty of an offence.’’. No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 55 Vervanging van artikel 46 van Wet 38 van 2001 55 - 35 Verify source ↗
Artikel 46 van die Hoofwet word hierby deur die volgende artikel vervang:
An accountable institution must not act to implement a business relationship or single transaction, or close a transaction, in breach of the cited sections; doing so makes it non-compliant and subject to an administrative sanction.
35. Artikel 46 van die Hoofwet word hierby deur die volgende artikel vervang: ‘‘Versuim om persone te identifiseer 46. (1) ’n Verantwoordingspligtige instelling wat enige handeling uitvoer om uitvoering te gee aan ’n sakeverhouding of enkeltransaksie in stryd met artikel 21(1) of (1A), [is aan ’n misdryf skuldig] is nienakomend en is aan ’n administratiewe sanksie onderhewig. (2) ’n Verantwoordingspligtige instelling wat enige transaksie sluit in stryd met artikel 21(2), [is aan ’n misdryf skuldig] is nienakomend en is aan ’n administratiewe sanksie onderhewig.’’. 5 10 Invoeging van artikel 46A in Wet 38 van 2001 - 36 Verify source ↗
Die volgende artikel word hierby na artikel 46 in die Hoofwet ingevoeg:
An accountable institution must carry out additional due diligence measures under the listed articles, and failure to do so can lead to an administrative sanction.
36. Die volgende artikel word hierby na artikel 46 in die Hoofwet ingevoeg: ‘‘Versuim om plig in verband met klante-omsigtigheid na te kom 46A. ’n Verantwoordingspligtige instelling wat versuim om die plig uit te voer om bykomende omsigtigheidsmaatreëls ooreenkomstig artikel 21A, 21B, 21C, 21D, 21E, 21F, 21G of 21H uit te voer, is nienakomend en is aan ’n administratiewe sanksie onderhewig.’’. 15 Vervanging van artikel 47 van Wet 38 van 2001 - 37 Verify source ↗
Artikel 47 van die Hoofwet word hierby deur die volgende artikel vervang:
An accountable institution must keep certain records and follow the cited record-keeping rules; failure makes it non-compliant and subject to an administrative sanction.
37. Artikel 47 van die Hoofwet word hierby deur die volgende artikel vervang: ‘‘Versuim om rekords te hou 47. ’n Verantwoordingspligtige instelling wat versuim om— ingevolge artikel 22(1), of 22A(1) of (2) ’n rekord te hou van inligting; sodanige rekords ooreenkomstig artikel 23 of artikel 24(1) te hou; of (a) (b) (c) die bepalings van artikel 24(3) na te kom, [is aan ’n misdryf skuldig] is nienakomend en is aan ’n administratiewe sanksie onderhewig.’’. 20 25 Vervanging van artikel 49 van Wet 38 van 2001 - 38 Verify source ↗
Artikel 49 van die Hoofwet word hierby deur die volgende artikel vervang:
An accountable institution commits an offence if it fails to provide assistance to a representative of the Centre as required by article 27A(5).
38. Artikel 49 van die Hoofwet word hierby deur die volgende artikel vervang: ‘‘49. ’n Verantwoordingspligtige instelling wat versuim om ooreenkomstig artikel [26(5)] 27A(5) bystand aan ’n verteenwoordiger van die Sentrum te verleen, is aan ’n misdryf skuldig.’’. 30 Invoeging van artikel 49A in Wet 38 van 2001 - 39 Verify source ↗
Die volgende artikel word hierby na artikel 49 in die Hoofwet ingevoeg:
A person who contravenes section 26B commits an offence.
39. Die volgende artikel word hierby na artikel 49 in die Hoofwet ingevoeg: ‘‘Oortreding van verbodbepalings oor persone en entiteite deur Veiligheidsraad van Verenigde Nasies geïdentifiseer 35 49A. ’n Persoon wat ’n bepaling van artikel 26B oortree, is aan ’n misdryf skuldig.’’. Vervanging van artikel 50 van Wet 38 van 2001 - 40 Verify source ↗
Artikel 50 van die Hoofwet word hierby deur die volgende artikel vervang:
A responsible institution, reporting institution, or person required to report under article 29 commits an offence if it fails to inform the Centre as required by article 27.
40. Artikel 50 van die Hoofwet word hierby deur die volgende artikel vervang: ‘‘Versuim om Sentrum oor kliënt in te lig 40 50. ’n Verantwoordingspligtige instelling, verslagdoeningsinstelling of persoon wat ’n verslag ingevolge artikel 29 moet doen wat versuim om die Sentrum ooreenkomstig artikel 27 in te lig, is aan ’n misdryf skuldig.’’. No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 56 Substitution of section 51 of Act 38 of 2001 56 - 41 Verify source ↗
The following section is hereby substituted for section 51 of the principal Act:
Accountable institutions and reporting institutions must report prescribed cash-transaction information to the Centre within the prescribed period, or they commit an offence and may face an administrative sanction.
41. The following section is hereby substituted for section 51 of the principal Act: ‘‘Failure to report cash transactions 51. (1) An accountable institution or reporting institution that fails, within the prescribed period, to the Centre the prescribed to report information in respect of a cash transaction in accordance with section 28, is guilty of an offence. (2) An accountable institution or reporting institution that fails, within the prescribed period, to report to the Centre the prescribed information in respect of a cash transaction in accordance with section 28, is non- compliant and is subject to an administrative sanction.’’. 5 10 Substitution of section 51A of Act 38 of 2001, as inserted by section 17 of Act 11 of 2008 - 42 Verify source ↗
The following section is hereby substituted for section 51A of the principal Act:
An accountable institution must report certain property and information to the Centre within the prescribed period, comply with a Director’s direction, and scrutinise the information; failure can be an offence and may lead to an administrative sanction.
42. The following section is hereby substituted for section 51A of the principal Act: ‘‘Failure to report property associated with terrorist and related activities and financial sanctions pursuant to Resolutions of United Nations Security Council 15 51A. (1) An accountable institution that has in its possession or under its control property owned or controlled by or on behalf of, or at the direction of an entity contemplated in section 28A(1), and that fails, within the prescribed period, to report that fact and the prescribed information in respect of such property to the Centre in accordance with that section, is guilty of an offence. (2) An accountable institution that fails to comply with a direction by the 20 Director in accordance with section 28A(2), is guilty of an offence. 25 (3) An accountable institution that fails to scrutinise the information as contemplated in section 28A(3), is guilty of an offence. (4) An accountable institution that fails to— (a) report to the Centre in accordance with section 28A(1), within the prescribed period, its possession or control of property owned or controlled by or on behalf of, or at the direction of an entity contemplated in that section; (b) comply with a direction by the Director in accordance with section the prescribed information in respect of 28A(2); or scrutinise the information as contemplated in section 28A(3), (c) is non-compliant and is subject to an administrative sanction.’’. Substitution of section 56 of Act 38 of 2001 - 43 Verify source ↗
The following section is hereby substituted for section 56 of the principal Act:
An accountable institution must report prescribed information about an electronic transfer of money to the Centre under section 31.
43. The following section is hereby substituted for section 56 of the principal Act: 30 35 ‘‘Failure to report electronic transfers 56. (1) An accountable institution that fails to report to the Centre the prescribed information in respect of an electronic transfer of money in accordance with section 31, is guilty of an offence. (2) An accountable institution that fails to report to the Centre the prescribed information in respect of an electronic transfer of money in accordance with section 31, to an administrative sanction.’’. is non-compliant and is subject 40 45 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 57 Vervanging van artikel 51 van Wet 38 van 2001 57 - 41 Verify source ↗
Artikel 51 van die Hoofwet word hierby deur die volgende artikel vervang:
A responsible institution or reporting institution must report prescribed information about a cash transaction to the Centre within the prescribed period, or it commits an offence and may face an administrative sanction.
41. Artikel 51 van die Hoofwet word hierby deur die volgende artikel vervang: ‘‘Versuim om kontanttransaksies te rapporteer (1) 51. ’n Verantwoordingspligtige instelling of verslagdoenings- instelling wat versuim om, binne die voorgeskrewe tydperk, die voorgeskrewe inligting ten opsigte van ’n kontanttransaksie ooreenkomstig artikel 28 aan die Sentrum te rapporteer, is aan ’n misdryf skuldig. (2) ’n Verantwoordingspligtige instelling of verslagdoeningsinstelling wat versuim om, binne die voorgeskrewe tydperk, die voorgeskrewe inligting ten opsigte van ’n kontanttransaksie ooreenkomstig artikel 28 aan die Sentrum te rapporteer, is nienakomend en is aan ’n administratiewe sanksie onderhewig.’’. 5 10 Vervanging van artikel 51A van Wet 38 van 2001, soos ingevoeg deur artikel 17 van Wet 11 van 2008 - 42 Verify source ↗
Artikel 51A van die Hoofwet word hierby deur die volgende artikel vervang:
Certain accountable institutions commit an offence if they fail to report specified property information to the Centre, fail to comply with the Director’s instruction, or fail to study the information required under article 28A. A reporting institution is also subject to an administrative sanction for similar noncompliance.
42. Artikel 51A van die Hoofwet word hierby deur die volgende artikel vervang: 15 ‘‘Versuim om eiendom geassosieer met terroriste- en verwante aktiwiteite en finansiële sanksies na aanleiding van resolusies van Veiligheidsraad van Verenigde Nasies te rapporteer 51A. (1) ’n Verantwoordingspligtige instelling wat eiendom in sy besit of beheer het wat besit of beheer word deur of ten behoewe van, of in opdrag van ’n entiteit in artikel 28A(1) beoog, en wat versuim om daardie feit en die voorgeskrewe inligting ten opsigte van die eiendom binne die voorgeskrewe tydperk ooreenkomstig daardie artikel aan die Sentrum te rapporteer, is aan ’n misdryf skuldig. (2) ’n Verantwoordingspligtige instelling wat versuim om aan ’n opdrag van die Direkteur ingevolge artikel 28A(2) te voldoen, is aan ’n misdryf skuldig. (3) ’n Verantwoordingspligtige instelling wat versuim om die inligting te bestudeer soos in artikel 28A(3) beoog, is aan ’n misdryf skuldig. (4) ’n Rekenpligtige instelling wat versuim om— 20 25 30 (a) ingevolge artikel 28A(1) aan die Sentrum, binne die voorgeskrewe tydperk, die voorgeskrewe inligting ten opsigte van sy besit of beheer van eiendom besit deur of ten behoewe van, of in opdrag van ’n entiteit in daardie artikel beoog, te rapporteer; (b) aan ’n opdrag van die Direkteur ooreenkomstig artikel 28A(2), te 35 voldoen; of (c) die inligting soos in artikel 28A(3) beoog, te bestudeer, is nienakomend en is aan ’n administratiewe sanksie onderhewig.’’. Vervanging van artikel 56 van Wet 38 van 2001 - 43 Verify source ↗
Artikel 56 van die Hoofwet word hierby deur die volgende artikel vervang:
A responsible institution that fails to report prescribed information about an electronic money transfer to the Centre commits an offence; an accountable institution that fails to do so is non-compliant and subject to an administrative sanction.
43. Artikel 56 van die Hoofwet word hierby deur die volgende artikel vervang: 40 ‘‘Versuim om elektroniese oorplasings te rapporteer 56. (1) ’n Verantwoordingspligtige instelling wat versuim om die voorgeskrewe inligting ten opsigte van ’n elektroniese oorplasing van geld ooreenkomstig artikel 31 aan die Sentrum te rapporteer, is aan ’n misdryf skuldig. (2) ’n Rekenpligtige instelling wat versuim om die voorgeskrewe inligting oor ’n elektroniese oorplasing van geld ooreenkomstig artikel 31 aan die Sentrum te rapporteer, is nienakomend en is aan ’n administratiewe sanksie onderhewig.’’. 45 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 58 Substitution of section 58 of Act 38 of 2001 58 - 44 Verify source ↗
The following section is hereby substituted for section 58 of the principal Act:
An accountable institution commits an offence if it fails to comply with certain directions of the Centre or a supervisory body; failure to comply with a Centre direction under section 34(1) also attracts an administrative sanction.
44. The following section is hereby substituted for section 58 of the principal Act: ‘‘Failure to comply with [directives] direction of Centre 58. (1) An accountable institution that fails to comply with a [directive] direction of the Centre [or a supervisory body] in terms of section 34(1)[, 43A(3) or 45C(c)(3)], is guilty of an offence. (2) An accountable institution that fails to comply with a direction of the Centre in terms of section 34(1), is non-compliant and is subject to an administrative sanction.’’. 5 Amendment of section 60 of Act 38 of 2001, as amended by section 22 of Act 11 of 2008 10 - 45 Verify source ↗
Section 60 of the principal Act is hereby amended—
This section amends section 60 to expand the information-related offences tied to the Centre.
45. Section 60 of the principal Act is hereby amended— (a) by the substitution in subsection (1) for paragraphs (b) and (c) of the following paragraphs: ‘‘(b) willfully destroys or in any other way tampers with information 15 kept by the Centre for the purposes of this Act; [or] (c) uses information from the Centre otherwise than in accordance with— (i) any arrangements or safeguards made or imposed by the Director in terms of section 40(3); or (ii) section 40(6)[,]; or’’; and (b) by the insertion in subsection (1) after paragraph (c) of the following paragraph: ‘‘(d) discloses a fact or information contemplated in section 45B(2A), or uses such information, otherwise than as permitted by section 45B(5),’’. 20 25 Substitution of sections 61 and 61A of Act 38 of 2001 - 46 Verify source ↗
The following sections are hereby substituted for sections 61 and 61A of the
This section substitutes new wording for sections 61 and 61A, dealing with failure to comply with a duty about a Risk Management and Compliance Programme.
46. The following sections are hereby substituted for sections 61 and 61A of the principal Act: ‘‘Failure to [formulate and implement internal rules] comply with duty in respect of Risk Management and Compliance Programme 30 - 61 Verify source ↗
An accountable institution that fails to—
An accountable institution must have and keep updated an anti-money laundering and counter-terrorist financing risk management and compliance programme, and must make it available as required.
61. An accountable institution that fails to— (a) [formulate] develop, document, maintain and implement [internal rules] an anti-money laundering and counter-terrorist financing risk management and compliance programme in accordance with section 42(1), [and] (2) and (2A); (aA) obtain approval for its Risk Management and Compliance Programme in accordance with section 42(2B); (aB) review its Risk Management and Compliance Programme at regular intervals in accordance with section 42(2C); (b) make the [internal rules] Risk Management and Compliance Programme available to its employees in accordance with section 42(3); or (c) make a copy of its [internal rules] Risk Management and Compliance Programme available to the Centre or a supervisory body in terms of section 42(4), [is guilty of an offence] is non-compliant and is subject to an administra- tive sanction. Failure to register with Centre - 61A Verify source ↗
Any accountable institution or reporting institution that—
An accountable institution or reporting institution must not fail to register with the Centre under section 43B or fail to provide information under section 43B.
61A. Any accountable institution or reporting institution that— fails to register with the Centre in terms of section 43B; or fails to provide information in terms of section 43B, (a) (b) 35 40 45 50 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 59 Vervanging van artikel 58 van Wet 38 van 2001 59 - 44 Verify source ↗
Artikel 58 van die Hoofwet word hierby deur die volgende artikel vervang:
A responsible institution commits an offence if it fails to comply with a directive from the Centre or a supervisory body under the cited provisions, and failure to comply with a Centre directive under section 34(1) also makes it liable for an administrative sanction.
44. Artikel 58 van die Hoofwet word hierby deur die volgende artikel vervang: ‘‘Versuim om [lasgewings] opdrag van Sentrum na te kom 58. (1) ’n Verantwoordingspligtige instelling wat versuim om ’n [lasgewing] opdrag van die Sentrum [of ’n toesighoudende liggaam] ingevolge artikel 34 (1)[, 43A(3) of 45C(3)(c)] na te kom, is aan ’n misdryf skuldig. (2) ’n Verantwoordingspligtige instelling wat versuim om aan ’n opdrag van die Sentrum ingevolge artikel 34(1) te voldoen, is nienakomend en is aan ’n administratiewe sanksie onderhewig.’’. Wysiging van artikel 60 van Wet 38 van 2001, soos gewysig deur artikel 22 van Wet 11 van 2008 - 45 Verify source ↗
Artikel 60 van die Hoofwet word hierby gewysig—
The amendment adds new restrictions on destroying, tampering with, disclosing, or otherwise using certain information held by or obtained from the Centre.
45. Artikel 60 van die Hoofwet word hierby gewysig— (a) deur in subartikel (1) paragrawe (b) en (c) deur die volgende paragrawe te vervang: ‘‘(b) opsetlik inligting wat vir die doeleindes van hierdie Wet deur die Sentrum gehou word, vernietig of op enige ander wyse daarmee peuter; [of] inligting wat van die Sentrum bekom is, anders gebruik as ooreenkomstig— (c) (i) enige reëlings of veiligheidsmaatreëls wat ingevolge artikel 40(3) deur die Direkteur getref of ingestel is; of (ii) artikel 40(6) [,]; of’’; en 5 10 15 20 (b) deur die volgende paragraaf na paragraaf (c) by subartikel (1) te voeg: ‘‘(d) ’n feit of inligting in artikel 45B(2A) beoog, openbaar maak of die 25 inligting anders gebruik as deur artikel 45B(5) toegelaat,’’. Vervanging van artikels 61 en 61A van Wet 38 van 2001 - 46 Verify source ↗
Artikels 61 en 61A van die Hoofwet word hierby deur die volgende artikels
An accountable institution that fails to comply with the section 61 risk management and compliance program requirements is non-compliant and subject to an administrative sanction.
46. Artikels 61 en 61A van die Hoofwet word hierby deur die volgende artikels vervang: ‘‘Versuim om [interne reëls te formuleer en te implementeer] plig ten opsigte van Risikobestuur- en Nakomingsprogram na te kom 30 61. ’n Verantwoordingspligtige instelling wat versuim om— (a) ooreenkomstig artikel 42(1) [en], (2) [interne reëls] en (2A) ’n risikobestuur- en nakomingsprogram vir anti-geldwassery en teen- terroristefinansiering te [formuleer] ontwikkel, dokumenteer, onder- hou en implementeer; (aA) ingevolge artikel 42(2B) goedkeuring te kry vir sy Risikobestuur- en Nakomingsprogram; (aB) sy Risikobestuur- en Nakomingsprogram ooreenkomstig artikel 42(2C) met gereelde tussenposes te hersien; (b) ooreenkomstig artikel 42(3) die [interne reëls] Risikobestuur- en (c) Nakomingsprogram aan sy werknemers beskikbaar te stel; of ingevolge artikel 42(4) ’n afskrif van sy [interne reëls] Risikobestuur- en Nakomingsprogram aan die Sentrum of ’n toesighoudende liggaam beskikbaar te stel, [is aan ’n misdryf skuldig] is nienakomend en is aan ’n administratiewe sanksie onderhewig. Versuim om by Sentrum te registreer - 61A Verify source ↗
Enige verantwoordingspligtige instelling of verslagdoenings-
Accountable institutions or reporting institutions that fail to register with the Centre under section 43B or fail to provide information under section 43B commit an offence and may face an administrative sanction.
61A. Enige verantwoordingspligtige instelling of verslagdoenings- instelling wat— (a) versuim om ingevolge artikel 43B by die Sentrum te registreer; of (b) versuim om ingevolge artikel 43B inligting te verstrek, [is aan ’n 35 40 45 50 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 60 60 [is guilty of an offence] is non-compliant and is subject to an administra- tive sanction.’’. Insertion of section 61B in Act 38 of 2001 - 47 Verify source ↗
The following section is hereby inserted in the principal Act after section 61A:
Certain governance failures by an accountable institution, its board or senior management, or a person, make them non-compliant and expose them to an administrative sanction.
47. The following section is hereby inserted in the principal Act after section 61A: ‘‘Failure to comply with duty in regard to governance 61B. (1) The board of directors or senior management, or both, of an accountable institution that fails to ensure compliance in accordance with section 42A(1) is non-compliant and is subject to an administrative sanction. (2) An accountable institution that fails to appoint a person in accordance with section 42A(2) or 42A(4) is non-compliant and is subject to an administrative sanction. (3) A person that fails to ensure compliance in accordance with section 42A(3) is non-compliant and is subject to an administrative sanction.’’. Substitution of section 62 of Act 38 of 2001 - 48 Verify source ↗
The following section is hereby substituted for section 62 of the principal Act:
This section substitutes section 62 of the principal Act and refers to failure to provide training or appoint a compliance officer.
48. The following section is hereby substituted for section 62 of the principal Act: ‘‘Failure to provide training [or appoint compliance officer] - 62 Verify source ↗
An accountable institution that fails to[—
An accountable institution that fails to train its employees or appoint the person required by section 43(b) commits an offence and is subject to an administrative sanction.
62. An accountable institution that fails to[— (a)] provide training to its employees in accordance with section 43[(a); or (b) appoint the person referred to in section 43(b), is guilty of an offence] is non-compliant and is subject to an administrative sanction.’’. Insertion of section 62E in Act 38 of 2001 - 49 Verify source ↗
The following section is hereby inserted in the principal Act after section 62D:
An accountable institution that does not comply with a directive from the Centre or a supervisory body is treated as non-compliant and may face an administrative sanction.
49. The following section is hereby inserted in the principal Act after section 62D: ‘‘Failure to comply with directives of Centre or supervisory body ‘‘62E. An accountable institution that fails to comply with a directive of the Centre or a supervisory body in terms of section 43A(3) or 45C(3)(c) is non-compliant and is subject to an administrative sanction.’’. Amendment of section 68 of Act 38 of 2001, as substituted by section 25 of Act 11 of 2008 - 50 Verify source ↗
Section 68 of the principal Act is hereby amended by the substitution for
This provision replaces subsection 68(2) so that a person convicted of certain listed offences may be imprisoned for up to five years or fined up to R10 million.
50. Section 68 of the principal Act is hereby amended by the substitution for subsection (2) of the following subsection: ‘‘(2) A person convicted of an offence mentioned in section 55[, 61, 61A, 62], 62A, 62B, 62C or 62D, is liable to imprisonment for a period not exceeding five years or to a fine not exceeding R10 million.’’. Substitution of section 69 of Act 38 of 2001 - 51 Verify source ↗
The following section is hereby substituted for section 69 of the principal Act:
This section says section 69 of the principal Act is replaced, and the new section begins with “Defences”.
51. The following section is hereby substituted for section 69 of the principal Act: ‘‘Defences - 69 Verify source ↗
If a person who is an employee, director or trustee of, or a partner in,
A specified employee, director, trustee, or partner of an accountable institution may use compliance with the institution’s reporting-related programme obligations as a defence to a section 52 charge.
69. If a person who is an employee, director or trustee of, or a partner in, an accountable institution is charged with committing an offence under section 52, that person may raise as a defence the fact that he or she had— (a) complied with the applicable obligations in terms of the [internal rules] Risk Management and Compliance Programme relating to the reporting of information of the accountable institution; or 5 10 15 20 25 30 35 40 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 61 61 misdryf skuldig] is nienakomend en is aan ’n administratiewe sanksie onderhewig.’’. Invoeging van artikel 61B in Wet 38 van 2001 - 47 Verify source ↗
Die volgende artikel word hierby na artikel 61A in die Hoofwet ingevoeg:
This provision adds section 61B and says certain failures to ensure compliance, appoint a person, or ensure compliance under section 42A are non-compliant and subject to an administrative sanction.
47. Die volgende artikel word hierby na artikel 61A in die Hoofwet ingevoeg: ‘‘Versuim om plig ten opsigte van beheer na te kom 61B. (1) Die direksie of senior bestuur, of beide, van ’n verantwoordings- pligtige instelling wat versuim om nakoming ten opsigte van artikel 42A(1) te verseker, is nienakomend en is aan ’n administratiewe sanksie onderhewig. (2) ’n Verantwoordingspligtige instelling wat versuim om ’n persoon ooreenkomstig artikel 42A(2) of 42A(4) aan te stel, is nienakomend en is aan ’n administratiewe sanksie onderhewig. (3) ’n Persoon wat versuim om nakoming ingevolge artikel 42A(3) te verseker, is nienakomend en is aan ’n administratiewe sanksie onder- hewig.’’. 5 10 15 Vervanging van artikel 62 van Wet 38 van 2001 - 48 Verify source ↗
Artikel 62 van die Hoofwet word hierby deur die volgende artikel vervang:
A responsible institution must provide employee training and appoint the person required under article 43(b), or it becomes non-compliant and faces an administrative sanction.
48. Artikel 62 van die Hoofwet word hierby deur die volgende artikel vervang: ‘‘Versuim om opleiding te verskaf [of nakomingsbeampte aan te stel] 62. ’n Verantwoordingspligtige instelling wat versuim om[— (a)] ooreenkomstig artikel 43[(a)] opleiding aan sy werknemers te verskaf; 20 [of (b) die persoon bedoel in artikel 43(b) aan te stel, [is aan ’n misdryf skuldig] is nienakomend en is aan ’n administratiewe sanksie onderhewig.’’. Invoeging van artikel 62E in Wet 38 van 2001 25 - 49 Verify source ↗
Die volgende artikel word hierby na artikel 62D in die Hoofwet ingevoeg:
A responsible institution must comply with certain notices from the Centre or a supervisory body, and failure to do so makes it non-compliant and exposed to an administrative sanction.
49. Die volgende artikel word hierby na artikel 62D in die Hoofwet ingevoeg: ‘‘Versuim om aan lasgewings van Sentrum of toesighoudende liggaam te voldoen 62E. ’n Verantwoordingspligtige instelling wat versuim om ingevolge artikel 43A(3) of 45C(3)(c) aan ’n lasgewing van die Sentrum of ’n toesighoudende liggaam te voldoen, is nienakomend en is aan ’n administratiewe sanksie onderhewig.’’. 30 Wysiging van artikel 68 van Wet 38 van 2001, soos vervang deur artikel 25 van Wet 11 van 2008 - 50 Verify source ↗
Artikel 68 van die Hoofwet word hierby gewysig deur subartikel (2) deur die
A person convicted of certain offences listed in the cited articles may be sentenced to up to five years in prison or fined up to R10 million.
50. Artikel 68 van die Hoofwet word hierby gewysig deur subartikel (2) deur die 35 volgende subartikel te vervang: ‘‘(2) ’n Persoon wat skuldig bevind word aan ’n misdryf in artikel 55[, 61, 61A, 62], 62A, 62B, 62C of 62D genoem, is strafbaar met gevangenisstraf vir ’n tydperk van hoogstens vyf jaar of met ’n boete van hoogstens R10 miljoen.’’. Vervanging van artikel 69 van Wet 38 van 2001 40 - 51 Verify source ↗
Artikel 69 van die Hoofwet word hierby deur die volgende artikel vervang:
This section says Article 69 of the principal Act is replaced, but the replacement text is cut off in the source provided.
51. Artikel 69 van die Hoofwet word hierby deur die volgende artikel vervang: ‘‘Verdediging - 69 Verify source ↗
Indien ’n persoon wat ’n werknemer, direkteur of trustee van, of ’n
A charged person in certain accountable institutions may use prior reporting to a compliance person or superior as a defence to a section 52 offence.
69. Indien ’n persoon wat ’n werknemer, direkteur of trustee van, of ’n vennoot in, ’n verantwoordingspligtige instelling is, aangekla word van die pleging van ’n misdryf kragtens artikel 52, kan daardie persoon as verdediging die feit aanvoer dat hy of sy— 45 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 62 62 (b) (c) reported the matter to the person charged with the responsibility of ensuring compliance by the accountable institution with its duties under this Act; or reported the matter to his or her superior, if any, if— (i) (ii) (iii) the accountable institution had not appointed such a person or established such [rules; or] Risk Management and Compli- ance Programme; the accountable institution had not complied with its obliga- tions in section 42(3) in respect of that person; or the [internal rules were] Risk Management and Compliance Programme was not applicable to that person.’’. 5 10 Amendment of section 73 of Act 38 of 2001 - 52 Verify source ↗
Section 73 of the principal Act is hereby amended by the substitution in subsection
Before amending Schedule 1 under subsection (1)(a) or (b), the Minister must consult the Centre.
52. Section 73 of the principal Act is hereby amended by the substitution in subsection (2) for the words preceding paragraph (a) of the following words: ‘‘(2) Before the Minister amends Schedule 1 in terms of subsection (1)(a) or (b), 15 the Minister must consult [the Council and] the Centre, and—’’. Substitution of section 74 of Act 38 of 2001 - 53 Verify source ↗
The following section is hereby substituted for section 74 of the principal Act:
The Minister may exempt persons or accountable institutions from compliance with the Act, but must follow notice, consultation, submission, and tabling steps.
53. The following section is hereby substituted for section 74 of the principal Act: ‘‘Exemptions for accountable institutions 74. (1) The Minister may, after consulting [the Council and] the Centre, and on conditions and for a period determined by the Minister, exempt from compliance with— (a) any of the provisions of this Act— (i) (ii) (iii) a person; an accountable institution; or a category of persons or accountable institutions; (b) any or all of the provisions of this Act, a person or category of persons or an accountable institution or category of accountable institutions in respect of any one or more categories of transactions. (2) Any exemption referred to in subsection (1)— (a) must be by notice in the Gazette and may be withdrawn or amended by the Minister, after consulting [with the Council and] the Centre; and (b) must be tabled in Parliament before being published in the Gazette. (3) Before the Minister issues, withdraws or amends an exemption referred to in subsection (1), the Minister must— (a) in the Gazette, give notice where a draft of the exemption or withdrawal notice of an exemption will be available and invite submissions; and (b) consider submissions received.’’. Amendment of section 75 of Act 38 of 2001 - 54 Verify source ↗
Section 75 of the principal Act is hereby amended by the substitution for
Before amending Schedule 2 under subsection (1)(a) or (b), the Minister must consult the Centre and give the affected entity/functionary or supervisory body at least 60 days’ written notice to make representations.
54. Section 75 of the principal Act is hereby amended by the substitution for subsection (2) of the following subsection: ‘‘(2) Before the Minister amends Schedule 2 in terms of subsection (1)(a) or (b), the Minister must consult [the Council and] the Centre, and give the entity or functionary concerned, or the supervisory body concerned, as the case may be, at least 60 days’ written notice to submit written representations to the Minister.’’. 20 25 30 35 40 45 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 63 63 (a) die toepaslike verpligtinge nagekom het ingevolge die [interne reëls] Risikobestuur- en Nakomingsprogram wat betrekking het op rappor- tering van inligting van die verantwoordingspligtige instelling; of (b) die aangeleentheid gerapporteer het aan die persoon belas met die verantwoordelikheid om toe te sien dat die verantwoordingspligtige instelling sy pligte kragtens hierdie Wet nakom; of (c) die aangeleentheid gerapporteer het aan sy of haar hoof, indien daar is, indien— (i) die verantwoordingspligtige instelling nie so ’n persoon aangestel of sodanige [reëls] Risikobestuur- en Nakomings- program ingestel het nie; [of] (ii) die verantwoordingspligtige instelling nie sy verpligtinge in artikel 42(3) ten opsigte van daardie persoon nagekom het nie; of 5 10 (iii) die [interne reëls] Risikobestuur- en Nakomingsprogram nie 15 op daardie persoon van toepassing was nie.’’. Wysiging van artikel 73 van Wet 38 van 2001 - 52 Verify source ↗
Artikel 73 van die Hoofwet word hierby gewysig deur in subartikel (2) die woorde
Before amending Schedule 1 under subsection (1)(a) or (b), the Minister must consult the Centre and [the Council].
52. Artikel 73 van die Hoofwet word hierby gewysig deur in subartikel (2) die woorde wat paragraaf (a) voorafgaan deur die volgende woorde te vervang: ‘‘(2) Voordat die Minister Bylae 1 ingevolge subartikel (1)(a) of (b) wysig, moet 20 die Minister met [die Raad en] die Sentrum oorleg pleeg, en—’’. Vervanging van artikel 74 van Wet 38 van 2001 - 53 Verify source ↗
Artikel 74 van die Hoofwet word hierby deur die volgende artikel vervang:
The Minister may exempt persons or responsible institutions from compliance with this Act, on conditions and for a period the Minister sets, after consulting the Council and the Centre.
53. Artikel 74 van die Hoofwet word hierby deur die volgende artikel vervang: ‘‘Vrystellings vir verantwoordingspligtige instellings 74. (1) Die Minister kan, na oorleg met [die Raad en] die Sentrum, en op 25 die voorwaardes en vir die tydperk wat die Minister bepaal— (a) ’n persoon; ’n verantwoordingspligtige instelling; of ’n kategorie persone of verantwoordingspligtige instellings, (i) (ii) (iii) (b) van die nakoming van enige van die bepalings van hierdie Wet vrystel; ’n persoon of kategorie persone of ’n verantwoordingspligtige instelling of kategorie verantwoordingspligtige instellings ten opsigte van enige een of meer kategorieë transaksies vrystel van die nakoming van enige of al die bepalings van hierdie Wet. (2) ’n Vrystelling in subartikel (1) bedoel— (a) moet by kennisgewing in die Staatskoerant geskied en kan deur die Minister, na oorleg met [die Raad en] die Sentrum, teruggetrek of gewysig word; en (b) moet in die Parlement Staatskoerant gepubliseer word. ter tafel gelê word voordat dit in die (3) Voordat die Minister ’n vrystelling in subartikel (1) bedoel uitreik, herroep of wysig, moet die Minister— (a) in die Staatskoerant kennis gee waar ’n konsep van die regulasies beskikbaar sal wees en voorleggings aanvra; en (b) voorleggings wat ontvang is, oorweeg.’’. Wysiging van artikel 75 van Wet 38 van 2001 - 54 Verify source ↗
Artikel 75 van die Hoofwet word hierby gewysig deur subartikel (2) deur die
Before changing Schedule 2, the Minister must consult the Centre and give the relevant body or official at least 60 days’ written notice.
54. Artikel 75 van die Hoofwet word hierby gewysig deur subartikel (2) deur die volgende subartikel te vervang: ‘‘(2) Voordat die Minister Bylae 2 ingevolge subartikel (1)(a) of (b) wysig, moet die Minister met [die Raad en] die Sentrum oorleg pleeg, en die betrokke entiteit of funksionaris, of die betrokke toesighoudende liggaam, na gelang van die geval, minstens 60 dae skriftelike kennis gee om skriftelike vertoë aan die Minister voor te lê.’’. 30 35 40 45 50 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 64 Amendment of section 76 of Act 38 of 2001 64 - 55 Verify source ↗
Section 76 of the principal Act is hereby amended by the substitution in subsection
Before amending Schedule 3 under subsection (1)(a) or (b), the Minister must consult the Centre and the Council.
55. Section 76 of the principal Act is hereby amended by the substitution in subsection (2) for the words preceding paragraph (a) of the following words: ‘‘(2) Before the Minister amends Schedule 3 in terms of subsection (1)(a) or (b), the Minister must consult the Centre [and the Council], and—’’. 5 Substitution of section 77 of Act 38 of 2001 - 56 Verify source ↗
The following section is hereby substituted for section 77 of the principal Act:
The Minister may make, repeal, and amend regulations, after consulting the Council and the Centre, and must table them in Parliament and invite and consider public submissions before acting.
56. The following section is hereby substituted for section 77 of the principal Act: ‘‘Regulations 77. (1) The Minister, after consulting [the Council and] the Centre, may make, repeal and amend regulations concerning— (a) any matter that may be prescribed in terms of this Act; and (b) any [other] ancillary or incidental administrative or procedural matter which is necessary [or expedient] to prescribe [to promote the objectives] for the proper implementation or administration of this Act. (2) Regulations in terms of subsection (1) may— (a) differ for different accountable institutions, reporting institutions, persons, categories of accountable institutions, reporting institutions and persons and different categories of transactions; (b) be limited to a particular accountable institution or reporting institution or person or category of accountable institutions or reporting institutions or persons or a particular category of transac- tions; and for a contravention of or failure to comply with any specific regulation, prescribe imprisonment for a period not exceeding [six months] three years or a fine not exceeding [R100 000] R1 000 000 or such administrative sanction as may apply. (c) [(3) Regulations in terms of subsection (1) must be reviewed by the Council within two years after being published in the Gazette and thereafter at such intervals as the Council deems appropriate.] (4) The Minister must table regulations, repeals and amendments made under subsection (1) in Parliament before publication in the Gazette. (5) Before making, repealing or amending regulations in terms of subsection (1), the Minister must— (a) in the Gazette, give notice where a draft of the regulations will be available and invite submissions; and (b) consider submissions received.’’. Insertion of section 77A in Act 38 of 2001 - 57 Verify source ↗
The following section is hereby inserted in the principal Act after section 77:
This provision inserts a new section about arrangements for consultations with stakeholders.
57. The following section is hereby inserted in the principal Act after section 77: ‘‘Arrangements for consultations with stakeholders - 77A Verify source ↗
The Centre must, after consulting with supervisory bodies,
The Centre must, after consulting supervisory bodies, set up arrangements for consultation with relevant stakeholders and information exchange on matters of mutual interest.
77A. The Centre must, after consulting with supervisory bodies, establish and give effect to arrangements to facilitate consultation with, and the exchange of information with, relevant stakeholders on matters of mutual interest.’’. 10 15 20 25 30 35 40 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 65 Wysiging van artikel 76 van Wet 38 van 2001 65 - 55 Verify source ↗
Artikel 76 van die Hoofwet word hierby gewysig deur in subartikel (2) die woorde
Before amending Schedule 3 under subsection (1)(a) or (b), the Minister must consult the Centre.
55. Artikel 76 van die Hoofwet word hierby gewysig deur in subartikel (2) die woorde wat paragraaf (a) voorafgaan deur die volgende woorde te vervang: ‘‘(2) Voordat die Minister Bylae 3 ingevolge subartikel (1)(a) of (b) wysig, moet die Minister met [die Raad en] die Sentrum oorleg pleeg, en—’’. 5 Vervanging van artikel 77 van Wet 38 van 2001 - 56 Verify source ↗
Artikel 77 van die Hoofwet word hierby deur die volgende artikel vervang:
The Minister may make, revoke, and amend regulations after consulting the Council and the Centre.
56. Artikel 77 van die Hoofwet word hierby deur die volgende artikel vervang: ‘‘Regulasies 77. (1) Die Minister kan, na oorleg met [die Raad en] die Sentrum, regulasies uitvaardig, herroep en wysig aangaande— (a) enige aangeleentheid wat ingevolge hierdie Wet voorgeskryf kan 10 word; en (b) enige [ander] bykomstige of insidentele administratiewe of prose- durele aangeleentheid wat nodig [of wenslik] is om voor te skryf [ten einde die oogmerke] vir die behoorlike implementering en administrasie van hierdie Wet [te bevorder]. (2) Regulasies ingevolge subartikel (1) kan— (a) verskil vir verskillende verantwoordingspligtige instellings, verslag- doeningsinstellings, persone, kategorieë verantwoordingspligtige instellings, verslagdoeningsinstellings en persone en verskillende kategorieë transaksies; tot ’n bepaalde verantwoordingspligtige instelling of verslagdoenings- instelling of persoon of kategorie verantwoordingspligtige instellings of verslagdoeningsinstellings of persone of ’n bepaalde kategorie transaksies beperk word; en (b) (c) vir ’n oortreding van of versuim om te voldoen aan enige bepaalde regulasie, gevangenisstraf vir ’n tydperk van hoogstens [ses maande] drie jaar of ’n boete van hoogstens [R100 000] R1 000 000 of die administratiewe sanksie wat van toepassing kan wees, voorskryf. [(3) Regulasies ingevolge subartikel (1) moet, binne twee jaar nadat dit in die Staatskoerant gepubliseer is en daarna met die tussenposes wat die Raad gepas ag, deur die Raad hersien word.] (4) Die Minister moet regulasies, herroepings en wysigings kragtens subartikel (1) uitgevaardig of gedoen, voor publikasie in die Staatskoerant in die Parlement ter tafel lê. (5) Voordat regulasies ingevolge subartikel (1) uitgevaardig, herroep of gewysig word, moet die Minister— (a) in die Staatskoerant kennis gee waar ’n konsep van die regulasies beskikbaar sal wees en voorleggings aanvra; en (b) voorleggings wat ontvang is, oorweeg.’’. 15 20 25 30 35 40 Invoeging van artikel 77A in Wet 38 van 2001 - 57 Verify source ↗
Die volgende artikel word hierby na artikel 77 in die Hoofwet ingevoeg:
This section inserts a new article after article 77 in the principal Act, titled “Arrangements for consultation with stakeholders.”
57. Die volgende artikel word hierby na artikel 77 in die Hoofwet ingevoeg: ‘‘Reëlings vir oorlegpleging met belanghebbendes - 77A Verify source ↗
Die Sentrum moet, na oorleg met toesighoudende liggame, reëlings
Die Sentrum must set up and carry out arrangements to make consultation and information-sharing with relevant stakeholders easier, after consulting supervisory bodies.
77A. Die Sentrum moet, na oorleg met toesighoudende liggame, reëlings instel en gevolg daaraan gee om oorleg met, en die deling van inligting met, tersaaklike belanghebbendes oor aangeleenthede van gemeenskaplike belang, te vergemaklik.’’. 45 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 66 Insertion of sections 79A and 79B in Act 38 of 2001 66 - 58 Verify source ↗
The following sections are hereby inserted in the principal Act after section 78:
The Minister may amend certain lists in the Gazette, but must first invite and consider submissions; additions or deletions need Parliament’s approval before Gazette publication.
58. The following sections are hereby inserted in the principal Act after section 78: ‘‘Amendment of list of domestic prominent influential persons 79A. (1) The Minister may, by notice in the Gazette, amend the list of domestic prominent influential persons in Schedule 3A to— (a) add to the list any person or category of persons; (b) delete any person or category of persons mentioned in paragraph 5 (a)(x) in the list; or (c) make technical changes to the list. (2) Before the Minister amends Schedule 3A in terms of subsection (1), 10 the Minister must— (a) in the Gazette, give notice where a draft of the amendments will be available and invite submissions; and (b) consider submissions received. (3) Any addition to or deletion from the list of persons in Schedule 3A in terms of subsection (1) must, before publication in the Gazette, be submitted to Parliament for its approval. 15 Amendment of list of foreign prominent public officials 79B. (1) The Minister may, by notice in the Gazette, amend the list of foreign prominent public officials in Schedule 3B to— (a) add to the list any person or category of persons; (b) delete any person or category of persons from the list; or (c) make technical changes to the list. (2) Before the Minister amends Schedule 3B in terms of subsection (1), the Minister must— (a) in the Gazette, give notice where a draft of the amendments will be available and invite submissions; and (b) consider submissions received. (3) Any addition to or deletion from the list of persons in Schedule 3B in terms of subsection (1) must, before publication in the Gazette, be submitted to Parliament for its approval.’’. 20 25 30 Insertion of Schedules 3A and 3B in Act 38 of 2001 - 59 Verify source ↗
The following schedules are hereby inserted after Schedule 3 to the principal Act:
This section inserts Schedule 3A, which defines a “domestic prominent influential person” as an individual who currently holds, or has held within the past 12 months, certain prominent public functions in the Republic.
59. The following schedules are hereby inserted after Schedule 3 to the principal Act: ‘‘SCHEDULE 3A DOMESTIC PROMINENT INFLUENTIAL PERSON 35 A domestic prominent influential person is an individual who holds, including in an acting position for a period exceeding six months, or has held at any time in the preceding 12 months, in the Republic— (a) a prominent public function including that of— (i) (ii) (iii) (iv) (v) (vi) the President or Deputy President; a government minister or deputy minister; the Premier of a province; a member of the Executive Council of a province; an executive mayor of a municipality elected in terms of the Local Government: Municipal Structures Act, 1998 (Act No. 117 of 1998); a leader of a political party registered in terms of the Electoral Commission Act, 1996 (Act No. 51 of 1996); 40 45 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 67 67 Invoeging van artikels 79A en 79B in Wet 38 van 2001 - 58 Verify source ↗
Die volgende artikels word hierby na artikel 78 in die Hoofwet ingevoeg:
The Minister may amend Schedules 3A and 3B by Gazette notice, but must first publish a draft for comment, consider submissions, and send any additions or deletions to Parliament for approval before publication.
58. Die volgende artikels word hierby na artikel 78 in die Hoofwet ingevoeg: ‘‘Wysiging van lys van binnelandse-vooraanstaande-invloedryke persone 79A. (1) Die Minister kan, by kennisgewing in die Staatskoerant, die lys van binnelandse-vooraanstaande-invloedryke-persone in Bylae 3A wysig om— (a) enige persoon of kategorie van persone tot die lys by te voeg; (b) enige persoon of kategorie van persone in paragraaf (a)(x) bedoel, van die lys te skrap; of tegniese veranderinge aan die lys te maak. (c) (2) Voordat die Minister Bylae 3A ingevolge subartikel (1) wysig, moet die Minister— (a) in die Staatskoerant kennis gee waar ’n konsep van die wysiging beskikbaar sal wees en voorleggings aanvra; en (b) die voorleggings wat ontvang is, oorweeg. (3) Enige byvoeging tot of skrapping van die lys persone in Bylae 3A ingevolge subartikel (1) moet, voor publikasie in die Staatskoerant, vir goedkeuring aan die Parlement voorgelê word. 5 10 15 Wysiging van lys van buitelandse-vooraanstaande-openbare-beamptes 20 79B. (1) Die Minister kan, by kennisgewing in die Staatskoerant, die lys van buitelandse-vooraanstaande-openbare-beamptes in Bylae 3B wysig om— (a) enige persoon of kategorie persone by die lys te voeg; (b) enige persoon of kategorie persone van die lys te skrap; of (c) tegniese veranderinge aan die lys aan te bring. (2) Voordat die Minister Bylae 3B ingevolge subartikel (1) wysig, moet die Minister— (a) in die Staatskoerant kennis gee waar ’n konsep van die wysigings beskikbaar sal wees en voorleggings aanvra; en (b) die voorleggings wat ontvang is, oorweeg. (3) Enige byvoeging tot of skrapping van die lys persone in Bylae 3B ingevolge subartikel (1) moet, voor publikasie in die Staatskoerant, vir goedkeuring aan die Parlement voorgelê word.’’. Invoeging van Bylaes 3A en 3B in Wet 38 van 2001 - 59 Verify source ↗
Die volgende bylaes word hierby na Bylae 3 in die Hoofwet ingevoeg:
This provision inserts Schedule 3A and Schedule 3B, defining domestic prominent influential persons and foreign prominent public officials.
59. Die volgende bylaes word hierby na Bylae 3 in die Hoofwet ingevoeg: ‘‘BYLAE 3A BINNELANDSE-VOORAANSTAANDE-INVLOEDRYKE- PERSOON ’n Binnelandse-vooraanstaande-invloedryke-persoon is ’n individu wat in die Republiek— (a) ’n vooraanstaande openbare funksie, met inbegrip van dié van— ’n minister of adjunkminister in die regering; (i) die President of Adjunkpresident; (ii) (iii) die Premier van ’n provinsie; (iv) (v) ’n lid van die Uitvoerende Raad van ’n provinsie; ’n uitvoerende burgemeester van ’n munisipaliteit verkies ingevolge die Wet op Plaaslike Regering: Munisipale Strukture, 1998 (Wet No. 117 van 1998); ’n leier van ’n politieke party ingevolge die Wet op die Verkiesingskommissie, 1996 (Wet No. 51 van 1996), geregistreer; (vi) 25 30 35 40 45 50 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 68 68 (vii) (viii) (ix) (x) (xi) (xii) (xiii) (xiv) a member of a royal family or senior traditional leader as defined in the Traditional Leadership and Governance Frame- work Act, 2003 (Act No. 41 of 2003); the head, accounting officer or chief financial officer of a national or provincial department or government component, as defined in section 1 of the Public Service Act, 1994 (Proclamation No. 103 of 1994); the municipal manager of a municipality appointed in terms of section 54A of the Local Government: Municipal Systems Act, 2000 (Act No. 32 of 2000), or a chief financial officer designated in terms of section 80(2) of the Municipal Finance Management Act, 2003 (Act No. 56 of 2003); the chairperson of the controlling body, the chief executive officer, or a natural person who is the accounting authority, the chief financial officer or the chief investment officer of a public entity listed in Schedule 2 or 3 to the Public Finance Management Act, 1999 (Act No. 1 of 1999); the chairperson of the controlling body, chief executive officer, chief financial officer or chief investment officer of a municipal entity as defined in section 1 of the Local Government: Municipal Systems Act, 2000 (Act No. 32 of 2000); a constitutional court judge or any other judge as defined in section 1 of the Judges’ Remuneration and Conditions of Employment Act, 2001 (Act No. 47 of 2001); an ambassador or high commissioner or other senior represen- tative of a foreign government based in the Republic; or an officer of the South African National Defence Force above the rank of major-general; (b) the position of— (i) (ii) (iii) (iv) chairperson of the board of directors; chairperson of the audit committee; executive officer; or chief financial officer, of a company, as defined in the Companies Act, 2008 (Act No. 71 of 2008), if the company provides goods or services to an organ of state and the annual transactional value of the goods or services or both exceeds an amount determined by the Minister by notice in the Gazette; or the position of head, or other executive directly accountable to that head, of an international organisation based in the Republic. (c) SCHEDULE 3B FOREIGN PROMINENT PUBLIC OFFICIAL A foreign prominent public official is an individual who holds, or has held at any time in the preceding 12 months, in any foreign country a prominent public function including that of a— (a) Head of State or head of a country or government; (b) member of a foreign royal family; (c) government minister or equivalent senior politician or leader of a political party; senior judicial official; senior executive of a state owned corporation; or high-ranking member of the military.’’. (d) (e) (f) 5 10 15 20 25 30 35 40 45 50 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 69 69 (vii) ’n lid van ’n koninklike familie of senior tradisionele leier soos omskryf in die ‘Traditional Leadership and Governance Framework Act’, 2003 (Wet No. 41 van 2003); (viii) die hoof, rekenpligtige beampte of hoof finansiële beampte van ’n nasionale of provinsiale departement of regerings- komponent, soos omskryf in artikel 1 van die Staatsdienswet, 1994 (Proklamasie No. 103 van 1994); (ix) die munisipale bestuurder van ’n munisipaliteit aangestel ingevolge artikel 54A van die Wet op Plaaslike Regering: Munisipale Stelsels, 2000 (Wet No. 32 van 2000), of ’n hoof finansiële beampte aangewys ingevolge artikel 80(2) van die Wet op Plaaslike Regering: Munisipale Finansiële Bestuur, 2003 (Wet No. 56 van 2003); (x) die voorsitter van die beheerliggaam, die hoof uitvoerende beampte, of ’n natuurlike persoon wat die rekenpligtige gesag is, die hoof finansiële beampte of die hoof beleggingsbeampte van ’n openbare entiteit in Bylae 2 of 3 van die Wet op Openbare Finansiële Bestuur, 1999 (Wet No. 1 van 1999), vermeld; (xii) (xi) die voorsitter van die beheerliggaam, hoof uitvoerende beampte, hoof finansiële beampte of hoof beleggingsbeampte van ’n munisipale entiteit soos omskryf in artikel 1 van die Wet op Plaaslike Regering: Munisipale Stelsels, 2000 (Wet No. 32 van 2000); ’n regter van die konstitusionele hof of enige ander regter soos omskryf in artikel 1 van die Wet op Besoldiging en Diens- voorwaardes van Regters, 2001 (Wet No. 47 van 2001); ’n ambassadeur of hoë kommissaris of ander senior verteenwoordiger van ’n buitelandse regering in die Republiek gebaseer; of ’n offisier van die Suid-Afrikaanse Nasionale Weermag bo die rang van majoor-generaal; (xiv) (xiii) (b) die posisie van— (i) voorsitter van die direksie; (ii) voorsitter van die ouditkomitee; (iii) uitvoerende beampte; of (iv) hoof uitvoerende beampte, van ’n maatskappy, soos omskryf in die Maatskappywet, 2008 (Wet No. 71 van 2008), indien die maatskappy goedere of dienste aan ’n staatsorgaan verskaf en die jaarlikse transaksiewaarde van die goedere ’n bedrag oorskry deur die Minister by of dienste van albei kennisgewing in die Staatskoerant vasgestel; of (c) die posisie van hoof, of ander uitvoerende beampte regstreeks verantwoordbaar aan daardie hoof, van ’n internasionale organisasie in die Republiek gebaseer, beklee, met inbegrip van ’n waarnemende posisie vir ’n tydperk van meer as ses maande, of te eniger tyd in die voorafgaande 12 maande in die Republiek beklee het. BYLAE 3B 5 10 15 20 25 30 35 40 45 BUITELANDSE-VOORAANSTAANDE-OPENBARE-BEAMPTE 50 ’n Buitelandse-vooraanstaande-openbare-beampte is ’n individu wat te eniger tyd in die voorafgaande 12 maande in enige vreemde land ’n vooraanstaande openbare funksie beklee of beklee het, met inbegrip van dié van— (a) Staatshoof of hoof van ’n land of regering; (b) (c) lid van ’n buitelandse koninklike familie; regeringsminister of gelykstaande senior politikus of leier van ’n politieke party; senior regterlike beampte; senior uitvoerende beampte van ’n korporasie in staatsbesit; of lid van die weermag met ’n hoë rang.’’. (d) (e) (f) 55 60 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 70 Substitution of long title of Act 38 of 2001 70
Part
SCHEDULE 3B
- 60 Verify source ↗
The following long title is hereby substituted for the long title to the principal Act:
This section substitutes a new long title for the principal Act and says the Act starts on a date set by the Minister in the Gazette.
60. The following long title is hereby substituted for the long title to the principal Act: ‘‘To establish a Financial Intelligence Centre [and a Counter-Money Laundering Advisory Council] in order to combat money laundering activities and the financing of terrorist and related activities; to impose certain duties on institutions and other persons who might be used for money laundering purposes and the financing of terrorist and related activities; to provide for customer due diligence measures including with respect to beneficial ownership and persons in prominent positions; to provide for a risk based approach to client identification and verifica- tion; to provide for the implementation of financial sanctions and to administer measures pursuant to resolutions adopted by the Security Council of the United Nations; to clarify the application of the Act in relation to other laws; to provide for the sharing of information by the Centre and supervisory bodies; to provide for risk management and compliance programmes, governance and training relating to anti- money laundering and counter terrorist financing; to provide for the issuance of directives by the Centre and supervisory bodies; to provide for the registration of accountable and reporting institutions; to provide for the roles and responsibilities of supervisory bodies; to provide for written arrangements relating to the respective roles and responsibilities of the Centre and supervisory bodies; to provide the Centre and supervisory bodies with powers to conduct inspections; to regulate certain applications to Court; to provide for administrative sanctions that may be imposed by the Centre and supervisory bodies; to establish an appeal board to hear appeals against decisions of the Centre or supervisory bodies; to provide for arrangements on consultation with stakeholders; to amend the Prevention of Organised Crime Act, 1998, and the Promotion of Access to Information Act, 2000; and to provide for matters connected therewith.’’. Short title and commencement 61. (1) This Act is called the Financial Intelligence Centre Amendment Act, 2017, and takes effect on a date determined by the Minister by notice in the Gazette. (2) Different dates may in terms of subsection (1) be determined for different— (a) provisions of this Act; or (b) categories of accountable institutions or transactions. 5 10 15 20 25 30 35 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017 71 Vervanging van lang titel van Wet 38 van 2001 71 - 60 Verify source ↗
Die lang titel van die Hoofwet word hierby deur die volgende lang titel vervang:
This section replaces the Principal Act’s long title and says the Act starts on a date set by the Minister in the Gazette.
60. Die lang titel van die Hoofwet word hierby deur die volgende lang titel vervang: ‘‘Om ’n Finansiële Intelligensiesentrum en ’n Teengeldwassery-advies- raad in te stel ten einde geldwassery-aktiwiteite en die finansiering van terroriste- en verwante aktiwiteite te bekamp; om sekere verpligtings in te stel op instellings en ander persone wat vir geld-wasserydoeleindes en die finansiering van terroriste- en verwante aktiwiteite gebruik sou kon word; om voorsiening te maak vir kliënteomsigtigheidsmaatreëls, met inbegrip ten opsigte van die uiteindelik geregtigde en persone in vooraanstaande posisies; om voorsiening te maak vir ’n risiko- gebaseerde benadering tot die identifikasie en verifiëring van kliënte; om voorsiening te maak vir die implementering van finansiële sanksies en om maatreëls te administreer na aanleiding van resolusies deur die Veiligheidsraad van die Verenigde Nasies deurgevoer; om die toepassing van die Wet ten aansien van ander wette op te helder; om voorsiening te maak vir die deel van inligting deur die Sentrum en toesighoudende liggame; om voorsiening te maak vir risikobestuur- en nakomingsprogramme, beheer en opleiding in verband met anti- geldwassery en teenterroristefinansiering; om voorsiening te maak vir die uitreiking van lasgewings deur die Sentrum en toesighoudende van liggame; verantwoordingspligtige instellings en verslagdoeningsinstellings; om voorsiening te maak vir die rolle en verantwoordelikhede van toesighoudende liggame; om voorsiening te maak vir skriftelike reëlings met betrekking tot die onderskeie rolle en verantwoordelik- hede van die Sentrum en toesighoudende liggame; om die Sentrum en toesighoudende liggame van bevoegdhede te voorsien om inspeksies uit voer; om sekere aansoeke na die hof te reguleer; om voorsiening te maak vir administratiewe sanksies wat deur die Sentrum en toesighoudende liggame opgelê kan word; om ’n appèlraad in te stel om appèlle teen besluite van die Sentrum of toesighoudende liggame aan te hoor; om voorsiening te maak vir reëlings in oorleg met belanghebbendes; om die Wet op die Voorkoming van Georganiseerde Misdaad, 1998, en die Wet op die Bevordering van Toegang tot Inligting, 2000, te wysig; en om voorsiening te maak vir aangeleenthede wat daarmee in verband staan.’’. te maak vir die om voorsiening registrasie Kort titel en inwerkingtreding 61. (1) Hierdie Wet heet die Wysigingswet op die Finansiële Intelligensiesentrum, 2017, en tree in werking op ’n datum deur die Minister by kennisgewing in die Staatskoerant vasgestel. (2) Verskillende datums kan ingevolge subartikel (1) vasgestel word vir verskillende— (a) bepalings van hierdie Wet; of (b) kategorieë van verantwoordingspligtige instellings of transaksies. 5 10 15 20 25 30 35 40 No. 40821STAATSKOERANT, 2 Mei 2017Wet No. 1 van 2017Wysigingswet op die Finansiële Intelligensiesentrum, 2017 72 No. 40821GOVERNMENT GAZETTE, 2 May 2017Act No. 1 of 2017Financial Intelligence Centre Amendment Act, 2017
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