Acts Online
GT Shield

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

Regulations

Money Laundering and Terrorist Financing Control Regulations

Chapter 4 : Reporting

22C. Information to be reported concerning a cash threshold report

[Regulation 22C heading substituted by regulation 10 of Notice No. R. 1062 of 2017]

 

(1) When a reporter makes a cash threshold report, the report must contain full particulars of—
(a) the name of the accountable or reporting institution making the report;
(b) the identifying particulars of the accountable or reporting institution on whose behalf the report is made including a registration or license number;
(c) the contact address of the accountable or reporting institution on whose behalf the report is made;
(d) the type of business or economic sector of the accountable or reporting institution on whose behalf the report is made;
(e) [Regulation 22C(1)(e) deleted by Notice No. R. 1062 of 2017]
(f) in the case of a legal or entity, the surname, first name, date of birth and contact particulars of a contact person; and
(g) if the person mentioned in paragraph (f) is—
(i) a South African citizen or resident, the identifying particulars of that person and the source of identifying information from which the particulars were obtained; or
(ii) not a South African citizen or resident, the identifying particulars of that contact person and the source of identifying information from which the particulars referred to were obtained and the issuing country thereof.

 

(2) In respect of the transaction or series of aggregated transactions for which a cash threshold report is made, the report must contain—
(a) full particulars of—
(i) the location where—
(aa) the transaction, or
(bb) in the case of a series of aggregated transactions, each of the aggregated transactions,

took place;

(ii)        

(aa) the date of the transaction; or
(bb) in the case of a series of aggregated transactions, date of the first and last transactions in the series;
(iii) the value of—
(aa) the transaction; or
(bb) in the case of a series of aggregated transactions, each of the aggregated transactions,

in local currency; and

(iv) a description of how the transaction or series of aggregated transactions was conducted; and
(b) as much information as is readily available concerning the currency in which the funds were disposed of.

 

(3) In respect of each natural person conducting the transaction or series of aggregated transactions or legal person or other entity on whose behalf the transaction or series of transactions is conducted, for which a cash threshold report is made, the report must contain as much of the following information as is readily available—
(a) in the case of a natural person—
(i) the person's title, gender, names and surname;
(ii) the date of birth of the person, nationality and identification number;
(iii) the source of identifying information from which the particulars referred to subparagraphs (i) and (ii) were obtained;
(iv) the person's alias, if any;
(v) the person's contact address in the Republic;
(vi) the person's country of residence;
(vii) if the person's country of residence is other than the Republic, the person's contact address in the country of residence;
(viii) the person's contact number;
(ix) the person's occupation;
(x) the person's source of funds;
(xi) the person's income tax number; and
(xii) the employer's name, contact address and contact particulars;
( b) in the case of a legal person or other entity—
(i) the person's or entity's name;
(ii) the person's or entity's identifying number, if it has such a number;
(iii) information in paragraph (a) of the natural person with authority to conduct the transaction on behalf of the person or entity; and
(iv) in the case of a company, the information referred to in paragraph (a), in respect of at least one director of that company and the role of such person in that company; or
(c) in the case another entity, any information which is readily available.

 

(4) A cash threshold report must contain an indicator or indicators in respect of the circumstances that gave rise to the submission of the report.

 

[Regulation 22C substituted by Notice No. R. 1062 of 2017]