FIC Issues PCC 60 on 2026 Risk and Compliance Return Submissions

Posted 30 June 2026 Written by Acts Online
Category Compliance

Brought to you by SA Accounting Academy: The Financial Intelligence Centre (FIC) has issued Public Compliance Communication No. 60 (PCC 60) to guide specified accountable institutions on the format, completion, and electronic submission of the 2026 Risk and Compliance Return (RCR).

In terms of Directive 11 of 2026, issued under the Financial Intelligence Centre Act, No. 38 of 2001 (FICA), designated accountable institutions listed in Schedule 1 of the Act must submit an RCR. PCC 60 follows the consultation process on draft PCC 125, which was published on 31 March 2026, and provides practical instructions on completing the questionnaire and submitting the data electronically to the FIC.

The FIC has highlighted different compliance deadlines for specified sectors:

  • 30 June 2026 Deadline: Trust and company service providers, casinos, credit providers (excluding banks, mutual banks, and co-operative banks), and crypto asset service providers.
  • 31 July 2026 Deadline: Legal practitioners (Schedule 1, item 1), estate agents (item 3), high-value goods dealers (item 20) — including dealers in precious metals, precious stones, and Krugerrands — and non-casino gambling institutions (item 9).

As of 17 June 2026, the FIC reported a low submission rate for the 30 June cohort, with only 655 out of 5,614 registered entities (11.66 percent) having submitted their returns. Failure to submit the RCR by the specified deadlines constitutes non-compliance and may result in administrative sanctions under FICA.

Click here to download the Public Compliance Communication No. 60.

What this means for you, your business, or your clients

  • For yourself: Ensure you understand the specific reporting questions and data points required under PCC 60 to accurately complete the RCR on behalf of your employer or clients.
  • For your business: If your firm is a registered accountable institution (such as a trust service provider or legal practice), verify your relevant deadline (30 June or 31 July 2026) and submit the electronic RCR questionnaire via the FIC portal immediately to avoid administrative penalties.
  • For your clients: Advise clients operating as high-value goods dealers, credit providers, or crypto asset service providers of their imminent statutory deadlines and assist them in compiling the necessary risk compliance data.

Originally published at https://accountingacademy.co.za/news/read/fic-pcc-60-re-format-and-manner-of-completion-and-submission-of-the-2026-rcr

The views expressed herein are those of the author and do not necessarily reflect those of Acts Online. Acts Online accepts no responsibility for the accuracy, completeness or fairness of the article, nor does the information contained herein constitute advice, legal or otherwise.