Detailed Information

• Title: Money Laundering and Terror Financing 2018 – Law & Compliance in SA
• Author/s: Prof. L de Koker (Editor); M Basson; P Smit & J Symington
• Publisher: LexisNexis
• Publication Year: 2018
• ISBN: 9780409129472

A practical guide for useful guide to the legislation around the prevention of money laundering, organized crime and protection against terror financing.

Whilst the South African Money Laundering & Terror Financing Law looseleaf work gets updated as and when the legislation changes, this more affordable version is ideal as a training manual for students, banks, financial institutions and people involved in the enforcement of anti-money laundering and terrorist activity. It includes all the relevant legislation, FIC guidance notes and FATF recommendations.

Part 1: Commentary

• Chapter 1: The combating of money laundering and financing of terrorism
• Chapter 2: Development of money laundering and terror financing laws in South Africa
• Chapter 3: Key money laundering offences
• Chapter 4: Key terror financing offences
• Chapter 5: FICA intelligence, policy, supervisory and enforcement framework
• Chapter 6: FICA compliance and registration framework
• Chapter 7: The duty to report transactions
• Chapter 8: Customer due diligence
• Chapter 9: Record-keeping and compliance management obligations
• Chapter 10: Exemptions

 Part 2: Acts

• Prevention of Organised Crime Act No. 121 of 1998
• Financial Intelligence Centre Act No. 38 of 2001
• Protection of Constitutional Democracy Against Terrorist and Related Activities Act No. 33 of 2004

 Part 3: Regulations and Exemptions

 Part 4: Guidance Notes issued by the Financial Intelligence Centre

 Part 5: The FATF Recommendations