Properly, it’s not nice; the implications of non-compliance are fairly heavy, leaving your corporation weak to attainable administrative sanctions, together with severe monetary penalties.
No person needs that!
However should you did miss the deadline in December, attempting to cover shouldn’t be a sustainable long-term answer. It’s higher to go cap in hand and register, as quickly as attainable. You don’t need them to catch you later and resolve to make an instance of you.
“You don’t need them to catch you later and resolve to make an instance of you”
The excellent news is that the FIC’s main operate is accumulating, analysing, and disseminating monetary intelligence to related authorities, aiding within the identification and prevention of illicit monetary actions. In case you are less than nonsense, this implies you have to be superb, so long as you attempt to adjust to their necessities.
The FIC works in affiliation with numerous stakeholders like banks, monetary establishments, and regulation enforcement companies to make sure a coordinated effort in safeguarding the nation from the detrimental results of prison actions. SA already has a poor status on this regard, with gray itemizing and a historical past of high-ranking politicians on the take.
