by VDT Attorneys | May 6, 2025 | Accountable Institutions, FIC, FICA, Financial Intelligence Centre, Grey listing
The Financial Intelligence Centre (“FIC”) is empowered by the FIC Act to enforce the Act and ensure that accountable institutions meet their required obligations. They are also empowered to hand out sanctions and penalties for non-compliance.As part of its compliance...
by VDT Attorneys | Apr 10, 2025 | Accountable Institutions, AML, Anti-Money Laundering, Anti-money Laundering Amendment Act, Grey listing, Trust
The new developments include QR codes on all new Letters of Authority issued by the Master’s Office. While it may seem like a minor change, it is a big step forward in ensuring the authenticity and validity of all Letters of Authority. The QR code will allow banks,...
