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Financial Intelligence Centre Act 38 of 2001 - Amendment Act 2022 (Crypto Asset Service Provider Registration and Enhanced AML/CFT Obligations)

The 2022 amendment to South Africa's FIC Act mandates that all Crypto Asset Service Providers (CASPs) register with the Financial Intelligence Centre,…

What Financial Intelligence Centre Act 38 of 2001 - Amendment Act 2022 (Crypto Asset Service Provider Registration and Enhanced AML/CFT Obligations) requires

The 2022 amendment to South Africa's FIC Act mandates that all Crypto Asset Service Providers (CASPs) register with the Financial Intelligence Centre, implement enhanced AML/CFT controls, conduct risk assessments and comply with FATF Recommendations - see Section 13 and Section 16 of the amendment.

Pillar: Crypto & Sovereign Finance · Authority: Financial Intelligence Centre (FIC), Republic of South Africa · Version: 1.0.1 · Last updated:

Primary source: https://www.fic.gov.za/AboutUs/Pages/FICA.aspx

SHA-256 integrity: 11e29a3d4273fd8e74fa6b7814e0c3b573fc82ff0ffcf247959c27601c545b92

Primary Citations — 5 traced to source

  • Financial Intelligence Centre Act 38 of 2001 - Amendment Act 2022, Section 13 - Registration of Crypto Asset Service Providers
  • Financial Intelligence Centre Act 38 of 2001 - Amendment Act 2022, Section 14 - Record‑keeping and Customer Due Diligence

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