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


Money Laundering and Terrorist Financing Control Regulations

Chapter 4 : Reporting

22B. Prescribed amount for cash transaction reporting


The prescribed amount of cash above which a transaction must be reported to the Centre under section 28 of the Act is R24 999,99 or an aggregate of smaller amounts which combine to come to this amount if it appears to the accountable institution or reporting institution concerned that the transactions involving those smaller amounts are linked to be considered fractions of one transaction.


[Regulation 22B inserted by regulation 2 of Notice No. R. 867 of 2010]