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Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001)

Chapter 3 : Money Laundering, Financing of Terrorist and Related Activities and Financial Sanctions Control Measures

Part 4 : Measures to promote compliance by accountable institutions

42B. Consultation process for issuing guidance


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 and invite submissions; and
(b) consider submissions received.