Guidance for Legal Practitioners
The Financial Intelligence Centre has issued Public Compliance Communication 47A (PCC 47A), Guidance on the Interpretation of Legal Practitioners, Item 1 of Schedule 1 to the Financial Intelligence Centre Act (FICA), 2001 (Act No. 38 of 2001) and Potential Risk Indicators.
This PCC provides:
- Guidance on the practical interpretation and application of the definition of legal practitioners as listed in item 1 of Schedule 1 to the FICA. Item 1 includes attorneys practising for their own account; and legal firms; and now includes advocates that practise with a fidelity fund certificate.
- An overview (with examples) of certain anti-money laundering, counter-terrorist financing and counter-proliferation financing vulnerabilities faced by legal practitioners.
The PCC may be accessed at: