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 | Jun 13, 2023 | Accountable Institution, FIC, FICA, Fines
The FIC Act requires that accountable institutions must comply with the FIC Act and its encompassing provisions relating to client identification and verification, client risk assessment and screening and various reporting responsibilities toward the FIC and extensive...
