General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act
Part 1 of 2 · provisions 1–200
This section describes amendments about beneficial ownership records, director restrictions, and compliance with regulatory directives.
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- Act 22 of 2022
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This section describes amendments about beneficial ownership records, director restrictions, and compliance with regulatory directives. Section 1 adds definitions for “accountable institution” and “beneficial owner” in the Trust Property Control Act, 1988. This provision amends Article 1 by adding new definitions. This section amends trust-related wording to identify the natural person behind certain legal persons, partnerships, trustees, and named beneficiaries. This provision adds rules that disqualify certain people from being authorized as trustees.
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Provisions of General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act
Showing 200 of 318
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No. 47815
AI-assisted research summary: This section describes amendments about beneficial ownership records, director restrictions, and compliance with regulatory directives.
4 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 4 ‘‘politically exposed persons’’, as distinct from ‘‘politically influential per- sons’’, who will be dealt with in a new Schedule 3C; by amending certain provisions relating to resolutions of the Security Council of the United Nations; by amending the powers of access by authorised representatives to records of accountable institutions; by enabling the Centre to renew a direction not to proceed with a transaction; by providing for the safeguarding of information; by amending the provisions relating to the disclosure of information to the Centre and access to information by the Centre; by empowering the Minister to prescribe appropriate requirements relating to the access to personal information to ensure that adequate safeguards are in place as required by section 6(1)(c) of the Protection of Personal Information Act, 2013; by amending certain provisions relating to the risk management and compliance programme; by amending the offences provisions to empower the imposition of an administrative sanction; by amending the provision relating to the amendment by the Minister of Schedule 2; by amending Schedules 2, 3A and 3B, and by inserting a new Schedule 3C; and by substituting the index for an arrangement of sections; ● the Companies Act, 2008, by inserting definitions of ‘‘affected company’’ and ‘‘beneficial owner’’; by providing for a comprehensive mechanism through which the Companies and Intellectual Property Commission can keep accurate and updated beneficial ownership information; by requiring a company to keep a record of a natural person who owns or controls the company in terms of the definition of ‘‘beneficial owner’’, and by providing for specified timelines within which the company must record any changes in this information; by requiring a company to file a record of any natural person who owns or controls the company in terms the definition of ‘‘beneficial owner’’, with the Commission; and by specifying that persons who are convicted of offences relating to money laundering, terrorist financing, or proliferation financing activities or are subject to a resolution of the UN Security Council are prohibited from registering as company directors; and ● the Financial Sector Regulation Act, 2017, by providing that a financial institution, key person, representative or contractor to which a regulator’s directive in terms of Part 2 of Chapter 10 has been issued must comply with the directive; by inserting a new Chapter dealing with beneficial owners into the Act, which provides a definition of ‘‘beneficial owner’’, and empowers standards and regulator’s directives to be made in relation to beneficial owners; and to provide for matters connected therewith. BE IT ENACTED by the Parliament of the Republic of South Africa, as follows:— Amendment of section 1 of Act 57 of 1988 - 1 Verify source ↗
Section 1 of the Trust Property Control Act, 1988, is hereby amended—
AI-assisted research summary: Section 1 adds definitions for “accountable institution” and “beneficial owner” in the Trust Property Control Act, 1988.
1. Section 1 of the Trust Property Control Act, 1988, is hereby amended— (a) by the insertion before the definition of ‘‘banking institution’’ of the following 5 definition: ‘‘ ‘accountable institution’ has the meaning defined in section 1(1) of and Schedule 1 to the Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001);’’; and (b) by the insertion after the definition of ‘‘banking institution’’ of the following 10 definition: ‘‘ ‘beneficial owner’, in respect of the provisions of a trust instrument, means— (a) a natural person who directly or indirectly ultimately owns the relevant trust property; 15 (b) a natural person who exercises effective control of the administra- tion of the trust arrangements that are established pursuant to a trust instrument; (c)(i) each founder of the trust; or This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Algemene Wette (Teengeldwassery en bekamping van Terrorismefinansiering, 2022 Wet no. 22 van 2022 STAATSKOERANT, 29 DESEMbER 2022 No. 47815 5 5 en buitelandse bykomende en voortgesette omsigtigheidsmaatreëls, en deur die proses te wysig wat gevolg moet word wanneer twyfel bestaan oor die waarheid van inligting; deur sekere bepalings en Bylaes 3A en 3B in lyn te bring om gepas te verwys na binnelandse ‘‘politiesblootgesteldepersone’’, afsonderlik van ‘‘persone met politieke invloed’’, wat in ’n nuwe Bylae 3C hanteer sal word; deur sekere bepalings te wysig wat handel oor resolusies van die Veiligheidsraad van die Verenigde Nasies; deur die bevoegdhede van tot rekords van verant- toegang deur gemagtigde verteenwoordigers woordingspligtige instellings te wysig; deur die Sentrum in staat te stel om ’n lasgewing om nie met ’n transaksie voort te gaan nie, te hernu; deur voorsiening te maak vir die veiligheid van inligting; deur die bepalings rakende die bekendmaking van inligting aan die Sentrum en toegang tot inligting deur die Sentrum te wysig; deur die Minister te magtig om gepaste vereistes rakende die toegang tot persoonlike inligting voor te skryf om te verseker dat genoegsame veiligheidsmaatreëls in plek is soos vereis deur artikel 6(1)(c) van die Wet op Beskerming van Persoonlike Inligting, 2013; deur sekere bepalings te wysig wat verband hou met die risikobestuur- en voldoeningsprogram; deur die misdryfbepalings te wysig om die oplegging van ’n administratiewe sanksie te bemagtig; deur die bepaling oor die wysiging deur die Minister van Bylae 2 te wysig; deur Bylaes 2, 3A en 3B te wysig, en deur ’n nuwe Bylae 3C in te voeg; en deur die inhoudsopgawe deur ’n indeling van artikels te vervang; ● die Maatskappywet, 2008, deur ’n omskrywing van uiteindelik geregtigde in te voeg; deur voorsiening te maak vir ’n omvattende meganisme waardeur die Kommissie vir Maatskappye en Intellektuele Eiendom akkurate en opgedateerde inligting oor uiteindelike geregtigheid kan hou; deur te vereis dat ’n maatskappy ’n rekord by die Kommissie indien van enige natuurlike persoon wat die maatskappy besit of beheer ingevolge die omskrywing van ‘‘uiteindelik geregtigde’’, en deur te spesifiseer dat persone wat skuldig bevind word aan misdrywe wat met geldwassery-, terroristefinansierings-, of proliferasiefinansieringsaktiwiteite verband hou daarvan belet is om as maatskappydirekteure te registreer; en ● die Setswana-teks van die ‘‘Financial Sector Regulation Act’’, 2017, deur te bepaal dat ’n finansiële instelling, sleutelpersoon, verteenwoordiger of kontrakteur waaraan ’n reguleerderslasgewing ingevolge Deel 2 van Hoofstuk 10 uitgereik is, moet voldoen aan die lasgewing; deur ’n nuwe Hoofstuk in te voeg wat oor uiteindelik geregitgdes handel, wat ’n omskrywing voorsien van ‘‘uiteindelik geregtigde’’, en standaarde en reguleerderslasgewings bemagtig om in verband met uiteindelik geregtigdes gemaak te word; en om voorsiening te maak vir aangeleenthede wat daarmee in verband staan. DAAR WORD BEPAAL deur die Parlement van die Republiek van Suid-Afrika, soos volg:— Wysiging van artikel 1 van Wet 57 van 1988 - 1 Verify source ↗
Artikel 1 van die Wet op die Beheer oor Trustgoed, 1988, word hierby gewysig—
AI-assisted research summary: This provision amends Article 1 by adding new definitions.
1. Artikel 1 van die Wet op die Beheer oor Trustgoed, 1988, word hierby gewysig— (a) deur die volgende omskrywing na die omskrywing van ‘‘Meester’’ in te voeg: ‘‘ ‘rekenpligtige instelling’ het die betekenis soos omskryf in artikel 1 van, en Bylae 1, by die Wet op die Finansiële Intelligensiesentrum, 2011 (Wet No. 38 van 2001);’’; (b) deur die volgende omskrywing na die omskrywing van ‘‘trustgoed’’ in te voeg: ten opsigte van die bepalings van ’n ‘‘ ‘uiteindelik geregtigde’ trustakte— (a) (b) ’n natuurlike persoon wat die tersaaklike trustgoed regstreeks of onregstreeks besit; ’n natuurlike persoon wat doelmatige beheer uitoefen oor die administrasie van die trustreëlings wat ingestel word ingevolge ’n trustakte; (c)(i) elke stigter van die trust; 5 10 15 This gazette is also available free online at www.gpwonline.co.za - 6 Verify source ↗
No. 47815
AI-assisted research summary: This section amends trust-related wording to identify the natural person behind certain legal persons, partnerships, trustees, and named beneficiaries.
6 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 6 (ii) (d)(i) (ii) (e)(i) (ii) if a founder of the trust is a legal person, a person acting on behalf of a partnership or in pursuance of the provisions of a trust instrument, the natural person who directly or indirectly ulti- mately owns or exercises effective control of that legal person or partnership or the relevant trust property or trust arrangements pursuant to that trust instrument; each trustee of the trust; or if a trustee of the trust is a legal person or a person acting on behalf of a partnership, the natural person who directly or indirectly ultimately owns or exercises effective control of that legal person or partnership; and each beneficiary referred to by name in the trust instrument or other founding instrument in terms of which the trust is created; or if a beneficiary referred to by name in the trust instrument is a legal person, a partnership or a person acting on behalf of a partnership or a person acting in pursuance of the provisions of a trust instrument, the natural person who directly or indirectly ultimately owns or exercises effective control of that legal person or partnership or the relevant trust property or trust arrangements pursuant to that trust instrument;’’. 5 10 15 20 Amendment of section 6 of Act 57 of 1988 - 2 Verify source ↗
Section 6 of the Trust Property Control Act, 1988, is hereby amended by the
AI-assisted research summary: This provision adds rules that disqualify certain people from being authorized as trustees.
2. Section 6 of the Trust Property Control Act, 1988, is hereby amended by the insertion after subsection (1) of the following subsection: ‘‘(1A) A person is disqualified from being authorized as a trustee if the person— 25 is an unrehabilitated insolvent; (a) (b) has been prohibited by a court to be a director of a company, or declared by a court to be delinquent in terms of section 162 of the Companies Act, 2008 (Act No. 71 of 2008), or section 47 of the Close Corporations Act, 1984 (Act No. 69 of 1984); is prohibited in terms of any law to be a director of a company; (c) (d) has been removed from an office of trust, on the grounds of misconduct involving dishonesty; (e) has been convicted, in the Republic or elsewhere, and imprisoned without the option of a fine, or fined more than the prescribed amount in terms of section 69 of the Companies Act, 2008, for theft, fraud, forgery, perjury or an offence— (i) (ii) involving fraud, misrepresentation or dishonesty, or money laun- dering, terrorist financing or proliferation financing activities as those terms are defined in section 1(1) of the Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001); in connection with the promotion, formation or management of a company, or in connection with any act contemplated in section 69(2) or (5) of the Companies Act, 2008; or (iii) under this Act, the Companies Act, 2008, the Insolvency Act, 1936 (Act No. 24 of 1936), the Close Corporations Act, 1984, the Competition Act, 1998 (Act No. 89 of 1998), the Financial Intelligence Centre Act, 2001, the Financial Markets Act, 2012 (Act No. 19 of 2012), Chapter 2 of the Prevention and Combating of Corrupt Activities Act, 2004 (Act No. 12 of 2004), the Protection of Constitutional Democracy Against Terrorist and Related Activities Act, 2004 (Act No. 33 of 2004), or the Tax Administration Act, 2011 (Act No. 28 of 2011); (f) (g) is subject to a resolution adopted by the Security Council of the United Nations when acting under Chapter VII of the Charter of the United Nations, providing for financial sanctions which entail the identification of persons or entities against whom member states of the United Nations must take the actions specified in the resolution; or is an unemancipated minor, or is under a similar legal disability. 30 35 40 45 50 55 (1B) A disqualification in terms of subsection (1A)(d) or (e) ends at the later of— 60 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Algemene Wette (Teengeldwassery en bekamping van Terrorismefinansiering, 2022 Wet no. 22 van 2022 STAATSKOERANT, 29 DESEMbER 2022 No. 47815 7 7 (ii) (d)(i) (ii) (e)(i) (ii) indien ’n stigter van die trust ’n regspersoon is, of ’n persoon wat namens ’n vennootskap handel of ingevolge die bepalings van ’n trustinstrument, die persoon wat regstreeks of onregstreeks uiteindelik daardie regspersoon of vennootskap of die tersaaklike trustgoed of trustreëlings ingevolge daardie trustakte besit of doelmatige beheer daaroor uitoefen; elke trustee van die trust; of indien ’n trustee van die trust ’n regspersoon is of ’n persoon wat namens ’n vennootskap handel, die natuurlike persoon wat regstreeks of onregstreeks uiteindelik daardie regspersoon of vennootskap besit of doelmatige beheer daaroor uitoefen; elke begunstigde by die naam genoem in die trustakte of ander stigtingsakte ingevolge waarvan die trust geskep is; of indien ’n begunstigde wat by die naam genoem word in die trustakte ’n regspersoon, ’n vennootskap of ’n persoon is wat namens ’n vennootskap handel of ’n persoon is wat ingevolge die bepalings van ’n trustakte handel, die natuurlike persoon wat regstreeks of onregstreeks uiteindelik daardie regspersoon, vennootskap of die tersaaklike trustgoed of trustreëling besit of doelmatige beheer daaroor uitoefen;’’. Wysiging van artikel 6 van Wet 57 van 1988 - 2 Verify source ↗
Artikel 6 van die Wet op die Beheer van Trustgoed, 1988, word hierby gewysig
AI-assisted research summary: This section adds rules making a person ineligible to be authorised as a trustee if they meet certain disqualifying conditions.
2. Artikel 6 van die Wet op die Beheer van Trustgoed, 1988, word hierby gewysig deur die volgende subartikel na subartikel (1) in te voeg: ‘‘(1A) ’n Persoon is onbevoeg om as ’n trustee gemagtig te word indien die ’n ongerehabiliteerde insolvent is; persoon— (a) (b) deur ’n hof verbied is om ’n direkteur van ’n maatskappy te wees, of deur ’n hof misdadig verklaar is ingevolge artikel 162 van die Maatskappywet, 2008 (Wet No. 71 van 20008), of artikel 47 van die Wet op Beslote Korporasies, 1984 (Wet No. 69 van 1984); ingevolge enige wetsbepaling belet is om ’n direkteur van ’n maatskappy te wees; (c) (d) uit ’n vertrouensamp verwyder is, op grond van wangedrag wat oneerlikheid (e) behels het; in die Republiek of elders skuldig bevind is en gevangenisstraf uitgedien het sonder die opsie van ’n boete, of meer as die voorgeskrewe bedrag ingevolge artikel 69 van die Maatskappywet, 2008, beboet is, vir diefstal, bedrog, vervalsing, meineed of ’n misdryf— (i) wat bedrog, wanvoorstelling of oneerlikheid, of geldwassery, terroristefinansiering of proliferasiefinansiering behels soos daardie terme omskryf word in artikel 1(1) van die Wet op die Finansiële Intelligensiesentrum, 2001 (Wet No. 38 van 2001); in verband met die promosie, vorming of bestuur van ’n maatskappy, of in verband met enige handeling beoog in artikel 69(2) of (5) van die Maatskappywet, 2008; of (ii) (iii) kragtens hierdie Wet, die Maatskappywet, 2008, die Insol- vensiewet, 1936 (Wet No. 24 van 1936), die Wet op Beslote Korporasies, 1984, die Wet op Mededinging, 1998 (Wet No. 89 van 1998), die Wet op die Finansiële Intelligensiesentrum, 2001, die ‘Financial Markets Act, 2012’ (Wet No. 19 van 2012), Hoofstuk 2 van die Wet op die Voorkoming en Bestryding van Korrupte Bedrywighede, 2004 (Wet No. 12 van 2004), die Wet op Beskerming van Konstitusionele Demokrasie teen Terroriste- en Verwante Aktiwiteite, 2004 (Wet No. 33 van 2004), of die Wet op Belastingadministrasie, 2011 (Wet No. 28 van 2011); (f) (g) onderhewig is aan ’n resolusie deurgevoer deur die Veiligheidsraad van die Verenigde Nasies handelend kragtens Hoofstuk VII van die Handves van die Verenigde Nasies, waarin voorsiening gemaak word vir finansiële sanksies wat die indentifikasie behels van persone of entiteite teen wie lidstate van die Verenigde Nasies die stappe in die resolusie gespesifiseer, moet doen; of ’n minderjarige is, of onder ’n soortgelyke regsgestremdheid is. (1B) ’n Onbevoegdheid ingevolge subartikel (1A)(d) of (e) eindig teen die latere van— 5 10 15 20 25 30 35 40 45 50 55 60 This gazette is also available free online at www.gpwonline.co.za - 8 Verify source ↗
No. 47815
AI-assisted research summary: The Registrar must send certain orders or conviction details to the Master, and the Master must notify affected trusts and keep a public register of disqualified trustees. A court may also extend or exempt disqualifications in specified cases.
8 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 8 (a) five years after the date of removal from office, or the completion of the sentence imposed for the relevant offence, as the case may be; or (b) one or more extensions, as determined by a court from time to time, on application by the Master in terms of subsection (1C). (1C) A disqualification in terms of subsection (1A)(f) ends when the Security Council of the United Nations takes a decision to no longer apply that resolution to a person contemplated in that subsection. (1D) At any time before the expiry of a person’s disqualification in terms of subsection (1A)(d) or (e)— (a) the Master may apply to a court for an extension contemplated in subsection (1B)(b); and the court may extend the disqualification for no more than five years at a time, if the court is satisfied that an extension is necessary to protect the public, (b) 5 10 having regard to the conduct of the disqualified person up to the time of the application. 15 (1E) A court may exempt a person from the application of any provision of subsection (1A)(a), (c), (d) or (e). (1F) The Registrar of the Court must, upon— (a) (b) the issue of a sequestration order; the issue of an order for the removal of a person from any office of trust on the grounds of misconduct involving dishonesty; or a conviction for an offence referred to in subsection (1A)(e), (c) send a copy of the relevant order or particulars of the conviction, as the case may be, to the Master. 20 (1G) The Master must notify each trust which has as a trustee to whom the order 25 or conviction relates, of the order or conviction. (1H) (a) The Master must establish and maintain in the prescribed manner a public register of persons who are disqualified from serving as a trustee, in terms of an order of a court pursuant to this Act or any other law. (b) The prescribed requirements referred to in paragraph (a) must be prescribed after consultation with the Minister of Finance and the Financial Intelligence Centre, established by section 2 of the Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001).’’. 30 Amendment of section 8 of Act 57 of 1998 - 3 Verify source ↗
The following section is hereby substituted for section 8 of the Trust Property
AI-assisted research summary: This section says section 8 of the Trust Property Control Act, 1998 is being replaced, but the replacement text is cut off here.
3. The following section is hereby substituted for section 8 of the Trust Property 35 Control Act, 1998: ‘‘Foreign trustees - 8 Verify source ↗
When a person who was appointed outside the Republic as trustee has
AI-assisted research summary: A trustee appointed outside the Republic may act over trust property in the Republic only if authorized in writing by the Master.
8. When a person who was appointed outside the Republic as trustee has to administer or dispose of trust property in the Republic, the provisions of this Act shall apply to such trustee in respect of such trust property and such person shall act in that capacity only if authorized thereto in writing by the Master [may authorize such trustee] under section 6 [to act as trustee in respect of that property].’’. 40 Amendment of section 10 of Act 57 of 1988 - 4 Verify source ↗
Section 10 of the Trust Property Control Act, 1988, is hereby amended by the
AI-assisted research summary: A trustee must tell an accountable institution that they are a trustee and that the transaction or business relationship involves trust property.
4. Section 10 of the Trust Property Control Act, 1988, is hereby amended by the 45 addition of the following subsection, the existing provision becoming subsection (1): ‘‘(2) A trustee must disclose their position as trustee to any accountable institution with which the trustee engages in that capacity, and must make it known to the accountable institution that the relevant transaction or business relationship relates to trust property.’’. 50 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Algemene Wette (Teengeldwassery en bekamping van Terrorismefinansiering, 2022 Wet no. 22 van 2022 STAATSKOERANT, 29 DESEMbER 2022 No. 47815 9 9 (a) vyf jaar na die datum van ontheffing uit die amp, of die voltooiing van die vonnis wat vir die tersaaklike misdryf opgelê is, na gelang van die geval; of (b) een of meer verlengings, soos van tyd tot tyd deur ’n hof bepaal, by aansoek deur die Meester ingevolge subartikel (1C). (1C) ’n Onbevoegdheid ingevolge subartikel (1A)(f) eindig wanneer die Veiligheidsraad van die Verenigde Nasies ’n besluit neem om nie meer daardie resolusie toe te pas teen ’n persoon in daardie subartikel beoog nie. 5 (1D) Te eniger tyd voor die verstryking van ’n persoon se onbevoegdheid ingevolge subartikel (1A)(d) of (e)— (a) kan die Meester by die hof aansoek doen om ’n verlenging in subartikel 10 (1B)(b) beoog; en (b) die hof kan die onbevoegdheid verleng vir nie meer nie as vyf jaar op ’n keer, indien die hof oortuig is dat ’n verlenging nodig is om die publiek te beskerm, met inagneming van die gedrag van die onbevoegde persoon tot op die tydstip van die aansoek. (1E) ’n Hof kan ’n persoon vrystel van die toepassing van enige bepaling van subartikel (1A)(a), (c), (d) of (e). (1F) Die griffier van die Hof moet, by— (a) die uitreiking van ’n sekwestrasiebevel; (b) die uitreiking van ’n bevel vir die ontheffing van ’n persoon uit enige vertrouensamp op grond van wangedrag wat oneerlikheid behels; of ’n skuldigbevinding vir ’n misdryf in subartikel (1A)(e) bedoel, (c) ’n afskrif van die tersaaklike bevel of besonderhede van die skuldigbevinding, na gelang van die geval, aan die Meester stuur. 15 20 (1G) Die Meester moet elke trust wat ’n trustee het op wie die bevel betrekking 25 het, in kennis stel van die bevel of skuldigbevinding. (1H) (a) Die Meester moet ’n publieke register instel en byhou van persone wat onbevoeg is om as trustees te dien ingevolge ’n hofbevel in navolging van hierdie Wet of enige ander wetsbepaling. (b) Die voorgeskrewe vereistes in paragraaf (a) bedoel, moet voorgeskryf word na oorleg met die Minister van Finansies en die Finansiële Intelligensiesentrum, ingestel by artikel 2 van die Wet op die Finansiële Intelligensiesentrum, 2001 (Wet No. 38 van 2001).’’. 30 Wysiging van artikel 8 van Wet 57 van 1998 - 3 Verify source ↗
Artikel 8 van die Wet op die Beheer van Trustgoed, 1998, word deur die volgende
AI-assisted research summary: Article 8 of the Trust Property Control Act, 1998 is replaced.
3. Artikel 8 van die Wet op die Beheer van Trustgoed, 1998, word deur die volgende 35 artikel vervang: ‘‘Buitelandse trustees - 8 Verify source ↗
Wanneer iemand wat buite die Republiek as ’n trustee aangestel is,
AI-assisted research summary: A trustee appointed outside the Republic may act as trustee for trust property in the Republic only if the Master gives written authorisation.
8. Wanneer iemand wat buite die Republiek as ’n trustee aangestel is, trustgoed in die Republiek moet administreer of daaroor moet beskik, is die bepalings van hierdie Wet ten opsigte van daardie trustgoed op daardie trustee van toepassing en [kan] daardie persoon tree slegs in daardie hoedanigheid op met die skriftelike magtiging van die Meester [so ’n trustee] kragtens artikel 6 [magtig om as trustee ten opsigte van daardie goed op te tree].’’. Wysiging van artikel 10 van Wet 57 van 1988 - 4 Verify source ↗
Artikel 10 van die Wet op die Beheer van Trustgoed, 1988, word hierby gewysig
AI-assisted research summary: A trustee must disclose their status to any accountable institution they deal with in that role, and must say that the transaction or business relationship relates to trust property.
4. Artikel 10 van die Wet op die Beheer van Trustgoed, 1988, word hierby gewysig deur die volgende subartikel by te voeg, sodat die bestaande bepaling subartikel (1) word: ‘‘(2) ’n Trustee moet hul posisie as trustee openbaar maak aan enige rekenpligtige instelling waarmee die trustee in daardie hoedanigheid te doen het, en moet dit bekend maak aan die rekenpligtige instelling dat die tersaaklike transaksie of sakeverhouding met trustgoed verband hou.’’. 40 45 50 This gazette is also available free online at www.gpwonline.co.za - 10 Verify source ↗
No. 47815
AI-assisted research summary: This text is a section heading showing that section 10 amends section 11 of Act 57 of 1988.
10 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 Amendment of section 11 of Act 57 of 1988 10 - 5 Verify source ↗
Section 11 of the Trust Property Control Act, 1988, is hereby amended in
AI-assisted research summary: Trustees must record prescribed details about accountable institutions they use as agents or from which they obtain services for trust-property functions.
5. Section 11 of the Trust Property Control Act, 1988, is hereby amended in subsection (1)— (a) by the substitution in paragraph (d) for the full stop of ‘‘; and’’; and (b) by the insertion after paragraph (d) of the following paragraph and 5 subsection: ‘‘(e) record the prescribed details relating to accountable institu- tions which the trustee uses as agents to perform any of the trustee’s functions relating to trust property, and from which the trustee obtains any services in respect of the trustee’s functions relating to trust property. (1A) The prescribed requirements referred to in paragraph (e) must be prescribed after consultation with the Minister of Finance and the Financial Intelligence Centre, established by section 2 of the Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001).’’. Insertion of section 11A in Act 57 of 1988 - 6 Verify source ↗
The following section is hereby inserted after section 11 of the Trust Property
AI-assisted research summary: Trustees must record and keep up to date beneficial ownership information and lodge the prescribed register with the Master’s Office; the Master must keep a prescribed register and make information available as prescribed.
6. The following section is hereby inserted after section 11 of the Trust Property Control Act, 1988: ‘‘Beneficial ownership 11A. (1) A trustee must— (a) establish and record the beneficial ownership of the trust; (b) keep a record of the prescribed information relating to the beneficial (c) owners of the trust; lodge a register of the prescribed information on the beneficial owners of the trust with the Master’s Office; and (d) ensure that the prescribed information referred to in paragraphs (a) to (c) is kept up to date. (2) The Master must keep a register in the prescribed form containing prescribed information about the beneficial ownership of trusts. (3) A trustee must make the information contained in the register referred to in subsection (1)(c), and the Master must make the information in the register referred to in subsection (2), available to any person as prescribed. (4) The prescribed requirements referred to in this section must be prescribed after consultation with the Minister of Finance and the Financial Intelligence Centre, established by section 2 of the Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001).’’. Amendment of section 19 of Act 57 of 1988 - 7 Verify source ↗
The following section is hereby substituted for section 19 of the Trust Property
AI-assisted research summary: If a trustee does not comply with certain requests or duties, the Master or an interested person may ask the court for an order. A trustee who fails to comply with specified obligations commits an offence and may be fined or imprisoned.
7. The following section is hereby substituted for section 19 of the Trust Property Control Act, 1988: ‘‘Failure by trustee to account or perform duties 19. (1) If any trustee fails to comply with a request by the Master in terms of section 16 or to perform any duty imposed upon [him] the trustee by this Act, the trust instrument or by any other law, the Master or any person having an interest in the trust property may apply to the court for an order directing the trustee to comply with [such] the Master’s request or to perform [such] the duty. (2) A trustee who fails to comply with an obligation referred to in section 10(2), 11(1)(e) or 11A(1), commits an offence and on conviction is liable to a fine not exceeding R10 million, or imprisonment for a period not exceeding five years, or to both such fine and imprisonment.’’. 10 15 20 25 30 35 40 45 50 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Algemene Wette (Teengeldwassery en bekamping van Terrorismefinansiering, 2022 Wet no. 22 van 2022 STAATSKOERANT, 29 DESEMbER 2022 No. 47815 11 Wysiging van artikel 11 van Wet 57 van 1988 11 - 5 Verify source ↗
Artikel 11 van die Wet op die Beheer van Trustgoed, 1988, word hierby gewysig in
AI-assisted research summary: A trustee must record prescribed particulars about agents used to perform trust-related functions and about service providers from whom the trustee obtains services for those functions.
5. Artikel 11 van die Wet op die Beheer van Trustgoed, 1988, word hierby gewysig in subartikel (1)— (a) deur in paragraaf (d) die punt te vervang deur ‘‘; en’’; en (b) deur die volgende paragraaf en subartikel na paragraaf (d) in te voeg: ‘‘(e) rekenpligtige die voorgeskrewe besonderhede opneem oor instellings wat die trustee as agente gebruik om enige van die trustee se werksaamhede rakende trustgoed te verrig, en waarvandaan die trustee enige dienste ten opsigte van die trustee se werksaamhede rakende trustgoed verkry. (1A) Die voorgeskrewe vereistes in paragraaf (e) bedoel, moet voorgeskryf word na oorlegpleging met die Minister van Finansies en die Finansiële Intelligensiesentrum, ingestel by artikel 2 van die Wet op die Finansiële Intelligensiesentrum, 2001 (Wet No. 38 van 2001).’’. Invoeging van artikel 11A in Wet 57 van 1988 - 6 Verify source ↗
Die volgende artikel word hierby na artikel 11 van die Wet op die Beheer van
AI-assisted research summary: Trustees must identify and record the trust’s ultimate beneficiaries, keep prescribed information up to date, file a register with the Master’s office, and make the register information available as prescribed. The Master must also keep a prescribed register for trusts.
6. Die volgende artikel word hierby na artikel 11 van die Wet op die Beheer van Trustgoed, 1988, ingevoeg: ‘‘Uiteindelike geregtigheid 11A. (1) ’n Trustee moet— (a) die uiteindelike geregtigheid van die trust vasstel en aanteken; (b) rekord hou van die voorgeskrewe inligting rakende die uiteindelik geregtigdes van die trust; ’n register van die voorgeskrewe inligting oor die uiteindelik geregtigdes van die trust by die Meesterskantoor indien; en (c) 5 10 15 20 (d) verseker dat die voorgeskrewe inligting in paragrawe (a) tot (c) bedoel 25 op datum gehou word. (2) Die Meester moet ’n register in die voorgeskrewe vorm hou met voorgeskrewe inligting oor die uiteindelike geregtigheid van trusts. (3) ’n Trustee moet inligting in die register in subartikel (1)(c) bedoel, en die Meester moet die inligting in die register in subartikel (2) bedoel, aan enige persoon beskikbaar stel soos voorgeskryf. (4) Die voorgeskrewe vereistes in hierdie artikel bedoel, kan voorgeskryf word na oorleg met die Minister van Finansies en die Finansiële Intelligensiesentrum, ingestel by artikel 2 van die Wet op die Finansiële Intelligensiesentrum, 2001 (Wet No. 38 van 2001).’’. Wysiging van artikel 19 van Wet 57 van 1988 - 7 Verify source ↗
Artikel 19 van die Wet op die Beheer van Trustgoed, 1988, word hierby deur die
AI-assisted research summary: If a trustee does not comply with the Master’s request or another legal duty, the Master or an interested person may ask a court to order compliance. A trustee who fails to meet certain listed obligations commits an offence and may face a fine or imprisonment.
7. Artikel 19 van die Wet op die Beheer van Trustgoed, 1988, word hierby deur die volgende artikel vervang: ‘‘Versuim deur trustee om rekenskap te gee of pligte te verrig 19. (1) Indien ’n trustee versuim om aan ’n versoek van die Meester ingevolge artikel 16 te voldoen of om enige plig in hierdie Wet, die trustdokument of [regtens hom] enige ander wetsbepaling aan die trustee opgelê, te verrig, kan die Meester of iemand wat ’n belang by die trustgoed het, by die hof aansoek doen om ’n bevel wat die trustee gelas om aan [sodanige] die Meester se versoek te voldoen of om [sodanige] die plig te verrig. (2) ’n Trustee wat versuim om aan ’n verpligting bedoel in artikel 10(2), 11(1)(e) of 11A(1) te voldoen, pleeg ’n misdryf en is by skuldigbevinding strafbaar met ’n boete van hoogstens R10 miljoen, of gevangenisstraf vir ’n jaar, of met beide sodanige boete en tydperk van hoogstens vyf gevangenisstraf.’’. 30 35 40 45 50 This gazette is also available free online at www.gpwonline.co.za - 12 Verify source ↗
No. 47815
AI-assisted research summary: 12 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 Amendment of section 20 of Act 57 of 1988 12
12 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 Amendment of section 20 of Act 57 of 1988 12 - 8 Verify source ↗
Section 20 of the Trust Property Control Act, 1988, is hereby amended by the
AI-assisted research summary: A trustee may be removed from office by the Master if specified disqualifying events occur.
8. Section 20 of the Trust Property Control Act, 1988, is hereby amended by the substitution for subsection (2) of the following subsection: ‘‘(2) A trustee may at any time be removed from office by the Master— (a) (b) (c) (d) (e) if [he has been convicted in the Republic or elsewhere of any offence of which dishonesty is an element or of any other offence for which he has been sentenced to imprisonment without the option of a fine] the person becomes disqualified to be authorised as a trustee in terms of section 6(1A); or if the trustee fails to give security or additional security, as the case may be, to the satisfaction of the Master within two months after having been requested [thereto] to do so by the Master, or within [such] a further period [as] that is allowed by the Master; or if [his] the trustee’s estate is sequestrated or liquidated or placed under judicial management; or if [he] the trustee has been declared by a competent court to be mentally ill or incapable of managing [his] their own affairs or if [he] the trustee is by virtue of the [Mental Health Act, 1973 (Act No. 18 of 1973)] Mental Health Care Act, 2002 (Act No. 17 of 2002), detained as a patient in an institution or as a State patient; or if [he] the trustee fails to perform satisfactorily any duty imposed upon [him] the trustee by or under this Act or to comply with the requirements of this Act or any lawful request of the Master.’’. Amendment of section 2 of Act 71 of 1997 - 9 Verify source ↗
Section 2 of the Nonprofit Organisations Act, 1997, is hereby amended by the
AI-assisted research summary: This provision amends section 2 so that registered nonprofit organisations must operate within an administrative and regulatory framework and maintain and improve adequate governance, transparency, and accountability standards.
9. Section 2 of the Nonprofit Organisations Act, 1997, is hereby amended by the substitution for paragraphs (b) and (c) of the following paragraphs: ‘‘(b) establishing an administrative and regulatory framework within which (c) registered nonprofit organisations [can] must conduct their affairs; [encouraging] requiring registered nonprofit organisations to maintain adequate standards of governance, transparency and accountability and to improve those standards.’’. Amendment of section 5 of Act 71 of 1997 - 10 Verify source ↗
Section 5 of the Nonprofit Organisations Act, 1997, is hereby amended by the
AI-assisted research summary: The Directorate may work with other organs of state, including through memorandums of understanding, information sharing, confidentiality measures, mutual assistance, advice and support, and delegation of specified administrative functions.
10. Section 5 of the Nonprofit Organisations Act, 1997, is hereby amended by the addition of the following subsection, the existing provision becoming subsection (1): ‘‘(2) In order to promote the achievement of the objects of this Act and to perform its functions and duties, the Directorate may collaborate, co-operate, co-ordinate and enter into arrangements with other organs of state, which may include— (a) measures to co-ordinate their approach to performing their functions in terms 5 10 15 20 25 30 35 of legislation; (b) entering into a memorandum of understanding, which, among other matters, 40 may provide for— (i) (ii) (iii) the sharing of information between the parties, including— (aa) the types of information to be furnished by each party; or (bb) measures to protect the confidentiality of the information, including limiting access to specified persons or incumbents of specified positions, subject to the provisions of applicable legislation; collaboration, co-operation between the parties, and assisting each other in the performance of their respective duties in terms of legislation, including through the provision of advice and support; and the delegation by the Directorate to another organ of state of specified administrative functions.’’. 45 50 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Algemene Wette (Teengeldwassery en bekamping van Terrorismefinansiering, 2022 Wet no. 22 van 2022 STAATSKOERANT, 29 DESEMbER 2022 No. 47815 13 Wysiging van artikel 20 van Wet 57 van 1988 13 - 8 Verify source ↗
Artikel 20 van die Wet op die Beheer van Trustgoed, 1988, word hierby gewysig
AI-assisted research summary: The Master may remove a trustee from office at any time if specified disqualifying, financial, incapacity, detention, or non-compliance conditions apply.
8. Artikel 20 van die Wet op die Beheer van Trustgoed, 1988, word hierby gewysig deur subartikel (2) deur die volgende subartikel te vervang: ‘‘(2) ’n Trustee kan te eniger tyd deur die Meester van sy of haar amp onthef word— (a) indien [hy in die Republiek of elders skuldig bevind is aan ’n misdryf waarvan oneerlikheid ’n element is of aan ’n ander misdryf waarvoor hy tot gevangenisstraf sonder die keuse van ’n boete gevonnis is] die persoon ingevolge artikel 6(1A) onbevoeg word om as ’n trustee gemagtig te word; of indien [hy] die trustee versuim om binne twee maande nadat hy [daartoe] of sy deur die Meester versoek is om dit te doen, of binne [daardie] ’n verdere tydperk wat die Meester toelaat, tot tevredenheid van die Meester sekerheid of bykomende sekerheid, na gelang van die geval, te stel; of indien [hy] die trustee se boedel gesekwestreer of gelikwideer of onder geregtelike bestuur geplaas word; of indien [hy] die trustee deur ’n bevoegde hof geestesongesteld verklaar is of onbevoeg verklaar is om [sy] hul eie sake te behartig of indien [hy] die trustee uit hoofde van die [Wet op Geestesgesondheid, 1973 (Wet No. 18 van 1973)] ‘Mental Health Care Act, 2002’ (Wet No. 17 van 2002), aangehou word as ’n pasiënt in ’n inrigting of as ’n Staatspasiënt; of indien [hy] die trustee versuim om ’n plig wat [hom] die trustee by of kragtens hierdie Wet opgelê is bevredigend te verrig of om aan die vereistes van hierdie Wet of ’n wettige versoek van die Meester te voldoen.’’. (b) (c) (d) (e) 5 10 15 20 Wysiging van artikel 2 van Wet 71 van 1997 - 9 Verify source ↗
Artikel 2 van die Wet op Organisasies sonder Winsoogmerk, 1997, word hierby
AI-assisted research summary: This provision amends Article 2 by replacing paragraphs (b) and (c) to require registered nonprofit organisations to operate within an administrative and regulatory framework and to maintain and improve adequate governance, transparency, and accountability standards.
9. Artikel 2 van die Wet op Organisasies sonder Winsoogmerk, 1997, word hierby 25 gewysig deur paragrawe (b) en (c) deur die volgende paragrawe te vervang: ‘‘(b) ’n administratiewe en regulerende raamwerk in te stel waarbinne geregistreerde organisasies sonder winsoogmerk hul sake [kan] moet behartig; te vereis dat geregistreerde organisasies sonder winsoogmerk [aan te moedig om] toereikende standaarde van bestuur, deursigtigheid en rekenpligtigheid [te] handhaaf en daardie standaarde [te] verbeter.’’. (c) Wysiging van artikel 5 van Wet 71 van 1997 - 10 Verify source ↗
Artikel 5 van die Wet op Organisasies Sonder Winsoogmerk, 1997, word hierby
AI-assisted research summary: The Directorate may work with other state organs, coordinate with them, and enter agreements, including memoranda of understanding.
10. Artikel 5 van die Wet op Organisasies Sonder Winsoogmerk, 1997, word hierby gewysig deur die volgende subartikel by te voeg, sodat die bestaande bepaling subartikel (1) word: ‘‘(2) Ten einde die bereiking van die oogmerke van hierdie Wet te bevorder en om die werksaamhede en pligte daarvan te verrig, mag die Direktoraat met ander staatsorgane saamwerk, koördineer en ooreenkomste aangaan, wat kan insluit— (a) maatreëls om hul benadering tot die verrigting van hulle werksaamhede (b) ingevolge wetgewing te koördineer; ’n memorandum van verstandhouding aangaan wat, onder andere, kan voorsiening maak vir— (i) die deel van inligting tussen partye, met inbegrip van— (aa) die tipes inligting wat deur elke party verstrek moet word; of (bb) maatreëls om die vertroulikheid van die inligting te beskerm, met inbegrip van om toegang tot spesifieke persone of ampsbekleërs van spesifieke posisies te beperk, behoudens die bepalings van toepaslike wetgewing; (ii) samewerking tussen die partye, en bystand aan mekaar in die verrigting van hulle onderskeie pligte ingevolge wetgewing, met inbegrip van deur die voorsiening van advies en ondersteuning; en (iii) die delegering deur die Direktoraat aan ’n ander staatsorgaan van spesifieke administratiewe werksaamhede.’’. 30 35 40 45 50 This gazette is also available free online at www.gpwonline.co.za - 14 Verify source ↗
No. 47815
AI-assisted research summary: This section appears to be a heading for an amendment provision that amends section 12 of Act 71 of 1997.
14 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 Amendment of section 12 of Act 71 of 1997 14 - 11 Verify source ↗
Section 12 of the Nonprofit Organisations Act, 1997, is hereby amended—
AI-assisted research summary: This amendment requires certain nonprofit organisations to register with the director, sets when registration is mandatory or optional, and limits when the director may require constitution changes.
11. Section 12 of the Nonprofit Organisations Act, 1997, is hereby amended— (a) by the substitution for subsection (1) of the following subsection: ‘‘(1) (a) A nonprofit organisation referred to in paragraph (b) must apply, and any other nonprofit organisation that is not an organ of state may apply, to the director for registration, subject to paragraph (c), and in accordance with the requirements and procedure contemplated in sections 13, 14 and 15. 5 (b) A nonprofit organisation must be registered under this Act if it— (i) makes donations to individuals or organisations outside of 10 the Republic’s borders; or (ii) provides humanitarian, charitable, religious, educational or cultural services outside of the Republic’s borders. (c) A nonprofit organisation referred to in paragraph (b) that is operating but is not registered in terms of this Act on the date of commencement of this provision, must apply to register within the period determined by the Minister by notice in the Gazette. (d) A registered nonprofit organisation, and nonprofit organisation referred to in paragraph (b) whether it is in fact registered in terms of the Act or not, must comply with the requirements of this Act.’’; (b) by the substitution in subsection (2) for the words preceding paragraph (a) of the following words: ‘‘Unless the laws in terms of which a nonprofit organisation is established or incorporated make provision for the matters in this subsection, the constitution of a nonprofit organisation that is required in terms of subsection (1)(b) or intends to register must—’’; (c) by the substitution in subsection (3) for the words preceding paragraph (a) of the following words: ‘‘The constitution of a nonprofit organisation that is required in terms of subsection (1)(b) or that intends to register may make provision for matters relevant to conducting its affairs, including matters that—’’; and (d) by the insertion after subsection (3) of the following subsection: ‘‘(4) The director when considering an application for registration in terms of section 13, after having received amendments to the constitution in terms of section 19, or at any other time, may only require a nonprofit organisation to make an alteration to its constitution to ensure that the constitution addresses the matters referred to in subsection (2).’’. 15 20 25 30 35 Amendment of section 13 of Act 71 of 1997 - 12 Verify source ↗
Section 13 of the Nonprofit Organisations Act, 1997, is hereby amended—
AI-assisted research summary: This section amends the nonprofit registration rules and limits the director’s refusal powers.
12. Section 13 of the Nonprofit Organisations Act, 1997, is hereby amended— (a) by the substitution in subsection (1) for the wording preceding paragraph (a) 40 of the following wording: ‘‘A nonprofit organisation [may apply] applies for registration by submitting to the director—’’; and (b) by the insertion after subsection (6) of the following paragraphs: ‘‘(7) The director may only refuse to register a nonprofit organisation on the grounds that the applicant has not complied with the requirements for registration in section 12 or has not complied with a notice issued in terms of subsection (3), as referred to in subsection (6). 45 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Algemene Wette (Teengeldwassery en bekamping van Terrorismefinansiering, 2022 Wet no. 22 van 2022 STAATSKOERANT, 29 DESEMbER 2022 No. 47815 15 Wysiging van artikel 12 van Wet 71 van 1997 15 - 11 Verify source ↗
Artikel 12 van die Wet op Organisasies Sonder Winsoogmerk, 1997, word hierby
AI-assisted research summary: Certain non-profit organizations must apply for registration, and some must comply with additional constitution and registration rules.
11. Artikel 12 van die Wet op Organisasies Sonder Winsoogmerk, 1997, word hierby gewysig— (a) deur subartikel (1) deur die volgende subartikel te vervang: ‘‘(1) (a) ’n Organisasie sonder winsoogmerk bedoel in paragraaf (b) moet, en enige ander organisasie sonder winsoogmerk wat nie ’n staatsorgaan is nie kan, by die registrateur aansoek doen om registrasie, behoudens paragraaf (c) en ooreenkomstig die vereistes en prosedure in artikels 13, 14 en 15 beoog. 5 (b) ’n Organisasie sonder winsoogmerk moet kragtens hierdie Wet 10 geregistreer word indien dit— (i) donasies maak aan individue of organisasies buite die grense van die Republiek; of liefdadige, godsdienstige, (ii) humanitêre, of kulturele dienste buite die grense van die Republiek verskaf. (c) ’n Organisasie sonder winsoogmerk in paragraph (b) bedoel wat in bedryf is maar nie op die datum van inwerkingtreding van hierdie bepaling ingevolge hierdie Wet geregistreer is nie, moet aansoek doen om te registreer binne die tydperk deur die Minister by kennisgewing in die Staatskoerant vasgestel. onderwys- 15 20 (d) ’n Geregistreerde organisasie sonder winsoogmerk, en organisasie sonder winsoogmerk in paragraaf (b) bedoel, hetsy dit werklik ingevolge die Wet geregistreer is al dan nie, moet aan die vereistes van hierdie Wet voldoen.’’; (b) deur in subartikel (2) die woorde wat paragraaf (a) voorafgaan deur die 25 volgende woorde te vervang: ‘‘Tensy die wette ingevolge waarvan ’n organisasie sonder winsoogmerk ingestel of geïnkorporeer is, vir die aangeleenthede in hierdie subartikel voorsiening maak, moet die konstitusie van ’n organisasie sonder winsoogmerk wat ingevolge subartikel (1)(b) moet registreer of wil registreer—’’; (c) deur in subartikel (3) die woorde wat paragraaf (a) voorafgaan deur die volgende woorde te vervang: ‘‘Die konstitusie van ’n organisasie sonder winsoogmerk wat ingevolge subartikel (1)(b) moet registreer of wat wil registreer, kan voorsiening maak vir aangeleenthede wat tersaaklik is by die bestuur van sy besigheid, met inbegrip van aangeleenthede wat—’’; en (d) deur die volgende subartikel in subartikel (3) in te voeg: ‘‘(4) Die direkteur kan by die oorweging van ’n aansoek om registrasie ingevolge artikel 13, nadat wysigings aan die konstitusie ingevolge artikel 19 ontvang is of te eniger ander tyd, slegs vereis dat ’n organisasie sonder winsoogmerk ’n verandering aan hul konstitusie maak om te verseker dat die konstitusie die aangeleenthede bedoel in subartikel (2) hanteer.’’. Wysiging van artikel 13 van Wet 71 van 1997 30 35 40 45 - 12 Verify source ↗
Artikel 13 van die Wet op Organisasies sonder Winsoogmerk, 1997, word hierby
AI-assisted research summary: A nonprofit organization may apply for registration by submitting to the director, and the director may refuse registration only if section 12 requirements or a relevant notice were not complied with.
12. Artikel 13 van die Wet op Organisasies sonder Winsoogmerk, 1997, word hierby gewysig— (a) deur in subartikel (1) die bewoording wat paragraaf (a) voorafgaan deur die volgende bewoording te vervang: ‘‘ ’n Organisasie sonder winsoogmerk [kan] doen aansoek [doen] om registrasie deur aan die direkteur voor te lê—’’; en 50 (b) deur die volgende paragrawe na subartikel (6) in te voeg: ‘‘(7) Die direkteur kan slegs weier om ’n organisasie sonder winsoogmerk te registreer indien die aansoeker nie aan die vereistes vir registrasie in artikel 12 voldoen het nie, of nie aan ’n kennisgewing uitgereik ingevolge subartikel (3), soos in subartikel (6) bedoel, voldoen het nie. 55 This gazette is also available free online at www.gpwonline.co.za - 16 Verify source ↗
No. 47815
AI-assisted research summary: A nonprofit organisation that applies for registration is treated as registered unless the director gives notice under subsection (3) and the later process in subsections (4) to (6) is completed.
16 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 16 (8) A nonprofit organisation that has submitted an application for registration is deemed to be registered unless and until the director has given notice to the applicant in terms of subsection (3) and the process envisaged in subsections (4) to (6) has been completed.’’. Amendment of section 18 of Act 71 of 1997 - 13 Verify source ↗
Section 18 of the Nonprofit Organisations Act, 1997, is hereby amended—
AI-assisted research summary: The section is amended to add information about registered nonprofit organisations and require that such information be kept up to date.
13. Section 18 of the Nonprofit Organisations Act, 1997, is hereby amended— (a) by the insertion in subsection (1) after paragraph (b) of the following paragraph: ‘‘(bA) prescribed information about the office-bearers, control structure, governance, management, administration and operations of registered nonprofit organisations;’’; and (b) by the insertion after subsection (1) of the following subsections: ‘‘(1A) The prescribed requirements referred to in paragraph (bA) of subsection (1) must be prescribed after consultation with the Minister of Finance and the Financial Intelligence Centre, established by section 2 of the Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001). (1B) A registered nonprofit organisation must ensure that the information referred to in subsection (1)(bA) that must be provided to the director is kept up to date.’’. 5 10 15 Amendment of section 24 of Act 71 of 1997, as amended by section 3 of Act 17 of 2000 20 - 14 Verify source ↗
Section 24 of the Nonprofit Organisations Act, 1997, is hereby amended—
AI-assisted research summary: Registered nonprofit organisations must make specified information available to the public as prescribed, and the director must provide access to the register information as prescribed.
14. Section 24 of the Nonprofit Organisations Act, 1997, is hereby amended— (a) by the deletion in paragraph (b) of subsection (1) of ‘‘and’’; (b) by the substitution in paragraph (c) of subsection (1) for the full stop of ‘‘; and’’; (c) by the addition to subsection (1) of the following paragraph: ‘‘(d) prescribed information about the office-bearers, control structure, governance, management, administration and operations of regis- tered nonprofit organisations.’’; and (d) by the addition of the following subsections: ‘‘(4) A registered nonprofit organisation must make the information referred to in section 18(1)(bA), and the director must provide access to the information in the register referred to in subsection (1)(d), available to any person as prescribed. (5) The prescribed requirements referred to in subsections (1)(d) and (4) must be prescribed after consultation with the Minister of Finance and the Financial Intelligence Centre, established by section 2 of the Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001).’’. 25 30 35 Insertion of Chapter 3A in Act 71 of 1997 - 15 Verify source ↗
The Nonprofit Organisations Act, 1997, is hereby amended by the insertion after
AI-assisted research summary: This provision inserts a new chapter and says a person is disqualified from serving as an office-bearer of a registered nonprofit organisation if they are an unrehabilitated insolvent, or if a court has barred them from being a company director, or if a court has declared them delinquent under section 162 (text truncated).
15. The Nonprofit Organisations Act, 1997, is hereby amended by the insertion after 40 Chapter 3 of the following Chapter: ‘‘CHAPTER 3A OFFICE-BEARERS OF NONPROFIT ORGANISATIONS Disqualification and removal of office-bearers 25A. (1) A person is disqualified from being an office-bearer of a 45 is an unrehabilitated insolvent; registered nonprofit organisation if the person— (a) (b) has been prohibited by a court to be a director of a company, or has been declared by a court to be delinquent in terms of section 162 of the This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Algemene Wette (Teengeldwassery en bekamping van Terrorismefinansiering, 2022 Wet no. 22 van 2022 STAATSKOERANT, 29 DESEMbER 2022 No. 47815 17 17 (8) ’n Organisasie sonder winsoogmerk wat ’n aansoek om registrasie voorgelê het, word geag geregistreer te wees tensy en totdat die direkteur ingevolge subartikel (3) aan die aansoeker kennis gegee het en die proses in subartikels (4) tot (6) beoog, afgehandel is.’’. Wysiging van artikel 18 van Wet 71 van 1997
Part
Chapter 3 of the following Chapter:
- 13 Verify source ↗
Artikel 18 van die Wet op Organisasies sonder Winsoogmerk, 1997, word hierby
AI-assisted research summary: Registered nonprofit organizations must keep the prescribed information they provide to the director up to date.
13. Artikel 18 van die Wet op Organisasies sonder Winsoogmerk, 1997, word hierby gewysig— (a) deur die volgende paragraaf na paragraaf (b) in subartikel (1) in te voeg: ‘‘(bA) voorgeskrewe inligting oor die ampsdraers, beheerstruktuur, beheer, bestuur, administrasie en bedryf van geregistreerde organisasies sonder winsoogmerk;’’; en (b) deur die volgende subartikels na subartikel (1) in te voeg: ‘‘(1A) Die voorgeskrewe vereistes in paragraaf (bA) van subartikel (1) bedoel, moet voorgeskryf word na oorlegpleging met die Minister van Finansies en die Finansiële Intelligensiesentrum, ingestel by artikel 2 van die Wet op die Finansiële Intelligensiesentrum, 2001 (Wet No. 38 van 2001). (1B) ’n Geregistreerde organisasie sonder winsoogmerk moet verseker dat die inligting bedoel in subartikel (1)(bA) wat aan die direkteur voorsien moet word, op datum gehou word.’’. Wysiging van artikel 24 van Wet 71 van 1997, soos gewysig deur artikel 3 van Wet 17 van 2000 - 14 Verify source ↗
Artikel 24 van die Wet op Organisasies sonder Winsoogmerk, 1997, word hierby
AI-assisted research summary: Registered nonprofit organizations must make certain information available, and the director must give prescribed persons access to the register information.
14. Artikel 24 van die Wet op Organisasies sonder Winsoogmerk, 1997, word hierby gewysig— (a) deur in paragraaf (b) van subartikel (1) ‘‘en’’ te skrap; (b) deur in paragraaf (c) van subartikel (1) die punt te vervang deur ‘‘; en’’; (c) deur die volgende paragraaf by subartikel (1) te voeg: ‘‘(d) voorgeskrewe inligting oor die ampsdraers, beheerstruktuur, beheer, bestuur, administrasie en bedryf van geregistreerde organisasies sonder winsoogmerk.’’; en (d) deur die volgende subartikels by te voeg: ‘‘(4) ’n Geregistreerde organisasie sonder winsoogmerk moet die inligting bedoel in artikel 18(1)(bA) beskikbaar stel, en die direkteur moet toegang voorsien tot die inligting in die register bedoel in subartikel (1)(d), aan enige persoon soos voorgeskryf. (5) Die voorgeskrewe vereistes in subartikels (1)(d) en (4) bedoel, moet voorgeskryf word na oorlegpleging met die Minister van Finansies en die Finansiële Intelligensiesentrum, ingestel by artikel 2 van die Wet op die Finansiële Intelligensiesentrum, 2001 (Wet No. 38 van 2001).’’. Invoeging van Hoofstuk 3A in Wet 71 van 1997 - 15 Verify source ↗
Die Wet op Organisasies sonder Winsoogmerk, 1997, word hierby gewysig deur
AI-assisted research summary: A person is disqualified from being authorised as an office bearer of a registered nonprofit organization if the person meets the listed disqualifying conditions.
15. Die Wet op Organisasies sonder Winsoogmerk, 1997, word hierby gewysig deur die volgende Hoofstuk na Hoofstuk 3 in te voeg: ‘‘HOOFSTUK 3A AMPSDRAERS VAN ORGANISASIES SONDER WINSOOGMERK Onbevoegdheid en ontheffing van ampsdraers (1) 25A. ’n Persoon is onbevoeg om as ’n ampsdraer van ’n geregistreerde organisasie sonder winsoogmerk gemagtig te word indien die persoon— (a) (b) deur ’n hof verbied is om ’n direkteur van ’n maatskappy te wees, of deur ’n hof misdadig verklaar is ingevolge artikel 162 van die ’n ongerehabiliteerde insolvent is; 5 10 15 20 25 30 35 40 45 50 This gazette is also available free online at www.gpwonline.co.za - 18 Verify source ↗
No. 47815
AI-assisted research summary: Some people are disqualified from serving as office-bearers of a registered non-profit organisation, and they may not be appointed, elected, or act in that role.
18 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 18 Companies Act, 2008 (Act No. 71 of 2008), or section 47 of the Close Corporations Act, 1984 (Act No. 69 of 1984); (c) is prohibited in terms of any law to be a director of a company; (d) has been removed from an office of trust, on the grounds of misconduct involving dishonesty; (e) has been convicted, in the Republic or elsewhere, and imprisoned without the option of a fine, or fined more than the amount prescribed in terms of section 69 of the Companies Act, 2008, for theft, fraud, forgery, perjury or an offence— (i) (ii) involving fraud, misrepresentation or dishonesty, or money laundering, terrorist financing or proliferation financing activi- ties as those terms are defined in section 1(1) of the Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001); in connection with the promotion, formation or management of a company, or in connection with any act contemplated in section 69(2) or (5) of the Companies Act, 2008; or (iii) under this Act, the Companies Act, 2008, the Insolvency Act, 1936 (Act No. 24 of 1936), the Close Corporations Act, 1984, the Competition Act, 1998 (Act No. 89 of 1998), the Financial Intelligence Centre Act, 2001, the Financial Markets Act, 2012 (Act No. 19 of 2012), Chapter 2 of the Prevention and Combating of Corrupt Activities Act, 2004 (Act No. 12 of 2004), the Protection of Constitutional Democracy Against Terrorist and Related Activities Act, 2004 (Act No. 33 of 2004), or the Tax Administration Act, 2011 (Act No. 28 of 2011); or (f) is subject to a resolution adopted by the Security Council of the United Nations when acting under Chapter VII of the Charter of the United Nations, providing for financial sanctions which entail the identifica- tion of persons or entities against whom member states of the United Nations must take the actions specified in the resolution contemplated in that subsection; or is an unemancipated minor, or is under a similar legal disability. (2) A person who is disqualified, as set out in this section, may not— (a) be appointed or elected as an office-bearer of a registered nonprofit organisation, or consent to being appointed or elected as an office- bearer; or (g) (b) act as an office-bearer of a registered nonprofit organisation. (3) A disqualification in terms of subsection (1)(d) or (e) ends at the later of— (a) five years after the date of removal from office, or the completion of the sentence imposed for the relevant offence, as the case may be; or (b) one or more extensions, as determined by a court from time to time, on application by the Directorate in terms of subsection (4). (4) A disqualification in terms of subsection (1)(f) ends when the Security Council of the United Nations takes a decision to no longer apply that resolution to a person contemplated in that subsection. (5) At any time before the expiry of a person’s disqualification in terms of subsection (1)(d) or (e)— (a) (b) the Directorate may apply to a court for an extension contemplated in subsection (3)(b); and the court may extend the disqualification for no more than five years at a time, if the court is satisfied that an extension is necessary to protect the public, 5 10 15 20 25 30 35 40 45 50 having regard to the conduct of the disqualified person up to the time of the application. 55 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Algemene Wette (Teengeldwassery en bekamping van Terrorismefinansiering, 2022 Wet no. 22 van 2022 STAATSKOERANT, 29 DESEMbER 2022 No. 47815 19 19 Maatskappywet, 2008 (Wet No. 71 van 2008), of artikel 47 van die Wet op Beslote Korporasies, 1984 (Wet No. 69 van 1984); ingevolge enige wetsbepaling daarvan verbied is om ’n direkteur van ’n maatskappy te wees; (c) (d) uit ’n vertrouensamp verwyder is, op grond van wangedrag wat 5 oneerlikheid behels het; in die Republiek of elders skuldig bevind is en gevangenisstraf uitgedien het sonder die opsie van ’n boete, of meer as die voorgeskrewe bedrag voorgeskryf ingevolge artikel 69 van die Maatskappywet, 2008, beboet is, vir diefstal, bedrog, vervalsing, meineed of ’n misdryf— (ii) (i) wat bedrog, wanvoorstelling of oneerlikheid, of geldwassery, terroristefinansiering of proliferasiefinansiering behels soos daardie terme omskryf word in artikel 1(1) van die Wet op die Finansiële Intelligensiesentrum, 2001 (Wet No. 38 van 2001); in verband met die bevordering, vorming of bestuur van ’n maatskappy, of in verband met enige handeling beoog in artikel 69(2) of (5) van die Maatskappywet, 2008; of (iii) kragtens hierdie Wet, die Maatskappywet, 2008, die Insolvensiewet, 1936 (Wet No. 24 van 1936), die Wet op Beslote Korporasies, 1984, die Wet op Mededinging, 1998, (Wet No. 89 van 1998), die Wet op die Finansiële Intelligensiesentrum, 2001, die ‘Financial Markets Act, 2012’ (Wet No. 19 van 2012), Hoofstuk 2 van die Wet op die Voorkoming en Bestryding van Korrupte Bedrywighede, 2004 (Wet No. 12 van 2004), die Wet op Beskerming van Konstitusionele Demokrasie teen Terroriste- en Verwante Aktiwiteite, 2004 (Wet No. 33 van 2004), of die Wet op Belastingadministrasie, 2011 (Wet No. 28 van 2011); is onderhewig aan ’n resolusie deurgevoer deur die Veiligheidsraad van die Verenigde Nasies handelend kragtens Hoofstuk VII van die Handves van die Verenigde Nasies, waarin voorsiening gemaak word vir finansiële sanksies wat die indentifikasie behels van persone of entiteite teen wie lidstate van die Verenigde Nasies die stappe in die resolusie beoog in daardie subartikel gespesifiseer, moet doen; of ’n minderjarige is, of onder ’n soortgelyke regsgestremdheid is. (e) (f) (g) (2) ’n Persoon wat onbevoeg is, soos in hierdie artikel uiteengesit, mag nie— (a) as ’n ampsdraer van ’n geregistreerde organisasie sonder wins- oogmerk aangestel word nie, of daartoe instem om as ’n ampsdraer aangestel of gekies te word nie; of (b) as ’n ampsdraer van ’n geregistreerde organisasie sonder winsoogmerk optree nie. (3) ’n Onbevoegdheid ingevolge subartikel (1)(d) of (e) eindig teen die latere van— (a) vyf jaar na die datum van ontheffing uit die amp, of by voltooiing van die vonnis wat vir die tersaaklike misdryf opgelê is, na gelang van die geval; of (b) een of meer verlengings, soos van tyd tot tyd deur ’n hof bepaal, by aansoek deur die Direktoraat ingevolge subartikel (4). (4) ’n Onbevoegdheid ingevolge subartikel (1)(f) eindig wanneer die Veiligheidsraad van die Verenigde Nasies ’n besluit neem om nie meer daardie resolusie toe te pas teen ’n persoon in daardie subartikel beoog nie. (5) Te eniger tyd voor die verstryking van ’n persoon se onbevoegdheid 10 15 20 25 30 35 40 45 50 ingevolge subartikel (1)(d) of (e)— (a) kan die Direktoraat by die hof aansoek doen om ’n verlenging in 55 subartikel (3)(b) beoog; en (b) kan die hof die onbevoegdheid verleng vir nie meer nie as vyf jaar op ’n keer, indien die hof oortuig is dat ’n verlenging nodig is om die publiek te beskerm, met inagneming van die gedrag van die onbevoegde persoon tot op die tydstip van die aansoek. 60 This gazette is also available free online at www.gpwonline.co.za - 20 Verify source ↗
No. 47815
AI-assisted research summary: Courts may exempt a person from some disqualification provisions, and the Registrar and Directorate have notification and register duties about disqualified office-bearers.
20 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 20 (6) A court may exempt a person from the application of any provision of subsection (1)(a), (c) or (e). (7) The Registrar of the Court must, upon— (a) (b) the issue of a sequestration order; the issue of an order for the removal of a person from any office of trust on the grounds of misconduct involving dishonesty; or a conviction for an offence referred to in subsection (1)(e), (c) send a copy of the relevant order or particulars of the conviction, as the case may be, to the Directorate. (8) The Directorate must notify each registered nonprofit organisation which has an office-bearer to whom the order or conviction relates, of the order or conviction. (9) (a) The Directorate must establish and maintain in the prescribed manner a public register of persons who are disqualified from serving as an office-bearer, in terms of an order of a court pursuant to this Act or any other law. (b) The prescribed requirements referred to paragraph (a) must be prescribed after consultation with the Minister of Finance and the Financial Intelligence Centre, established by section 2 of the Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001). (10) A registered nonprofit organisation may not knowingly permit a disqualified person to serve or act as an office-bearer. (11) A person who becomes ineligible or disqualified while serving as an office-bearer of a registered nonprofit organisation ceases to be entitled to continue to act as an office-bearer immediately. (12) An office-bearer of a registered nonprofit organisation may at any time be removed from office by the director if— (a) the person becomes disqualified to be an office-bearer in terms of subsection (1); the office-bearer’s estate is sequestrated or liquidated or placed under judicial management; or the office-bearer fails to perform satisfactorily any duty imposed upon the office-bearer by or under this Act or to comply with the requirements of this Act or any lawful request of the director.’’. (b) (c) Amendment of section 21 of Act 71 of 1997 - 16 Verify source ↗
Section 21 of the Nonprofit Organisations Act, 1997, is hereby amended by the
AI-assisted research summary: The director may cancel a non-profit organisation’s registration only as allowed by section 20 and this section.
16. Section 21 of the Nonprofit Organisations Act, 1997, is hereby amended by the insertion after subsection (3) of the following subsection: ‘‘(4) The director may only cancel the registration of a non-profit organisation as contemplated in section 20 and this section.’’. Amendment of section 29 of Act 71 of 1997 5 10 15 20 25 30 35 40 - 17 Verify source ↗
Section 29 of the Nonprofit Organisations Act, 1997, is hereby amended—
AI-assisted research summary: Section 29 is amended to rename the heading to “Offences and contraventions” and to make certain contraventions by nonprofit organisations subject to a prescribed administrative sanction.
17. Section 29 of the Nonprofit Organisations Act, 1997, is hereby amended— (a) by the substitution for the heading of the section of the following heading: ‘‘Offences and contraventions’’; and (b) by the insertion after subsection (3) of the following subsection: ‘‘(4) The following contraventions of this Act by a nonprofit 45 organisation are subject to a prescribed administrative sanction: (a) a registered nonprofit organisation that fails to perform any duty imposed or comply with a requirement in terms of section 12 or 18(1)(bA); and (b) a nonprofit organisation that is required to register in terms of 50 section 12(1)(b) but fails to do so.’’. This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Algemene Wette (Teengeldwassery en bekamping van Terrorismefinansiering, 2022 Wet no. 22 van 2022 STAATSKOERANT, 29 DESEMbER 2022 No. 47815 21 21 (6) ’n Hof kan ’n persoon vrystel van die toepassing van enige bepaling van subartikel (1)(a), (c) of (e). (7) Die griffier van die Hof moet, by— (a) die uitreiking van ’n sekwestrasiebevel; (b) die uitreiking van ’n bevel vir die ontheffing van ’n persoon uit enige vertrouensamp op grond van wangedrag wat oneerlikheid behels; of ’n skuldigbevinding vir ’n misdryf in subartikel (1)(e) bedoel, (c) ’n afskrif van die skuldigbevinding, na gelang van die geval, aan die Direktoraat stuur. tersaaklike bevel of besonderhede van die (8) Die Direktoraat moet elke geregistreerde organisasie sonder winsoogmerk wat ’n ampsdraer het op wie die bevel of skuldigbevinding betrekking het, in kennis stel van die bevel of skuldigbevinding. (9) (a) Die Direktoraat moet op die voorgeskrewe wyse ’n publieke register instel en byhou van persone wat onbevoeg is om as ’n ampsdraer te dien ingevolge ’n hofbevel in navolging van hierdie Wet of enige ander wetsbepaling. (b) Die voorgeskrewe vereistes (a) bedoel, moet voorgeskryf word na oorleg met die Minister van Finansies en die Finansiële Intelligensiesentrum, ingestel by artikel 2 van die Wet op die Finansiële Intelligensiesentrum, 2001 (Wet No. 38 van 2001). in paragraaf (10) ’n Geregistreerde organisasie sonder winsoogmerk mag nie wetend ’n onbevoegde persoon toelaat om as ’n ampsdraer te dien of op te tree nie. (11) ’n Persoon wat ongeskik of onbevoeg word terwyl hy of sy as ampsdraer van ’n geregistreerde organisasie sonder winsoogmerk dien, hou onmiddellik op om geregtig te wees om voort te gaan om as ’n ampsdraer op te tree. (12) ’n Ampsdraer van ’n geregistreerde organisasie sonder wins- oogmerk kan te eniger tyd deur die direkteur uit die amp onthef word indien— (a) die persoon ingevolge subartikel (1) onbevoeg word om ’n ampsdraer te wees; (b) die ampsdraer se boedel gesekwestreer of gelikwideer of onder geregtelike bestuur geplaas word; of (c) die ampsdraer versuim om enige plig aan die ampsdraer opgelê deur of kragtens hierdie Wet bevredigend te verrig of om aan die vereistes van hierdie Wet of enige ander wettige versoek van die direkteur te voldoen.’’. Wysiging van artikel 21 van Wet 71 van 1997 - 16 Verify source ↗
Artikel 21 van die Wet op Organisasies sonder Winsoogmerk, 1997, word hierby
AI-assisted research summary: The director may only withdraw the registration of a non-profit organisation as allowed by section 20 and this section.
16. Artikel 21 van die Wet op Organisasies sonder Winsoogmerk, 1997, word hierby gewysig deur die volgende subartikel na subartikel (3) in te voeg: ‘‘(4) Die direkteur kan slegs die registrasie van ’n organisasie sonder winsoogmerk intrek soos in artikel 20 en hierdie artikel beoog.’’. Wysiging van artikel 29 van Wet 71 van 1997 - 17 Verify source ↗
Artikel 29 van die Wet op Organisasies sonder Winsoogmerk, 1997, word hierby
AI-assisted research summary: This section amends Article 29 to make certain non-profit organization offences subject to a prescribed administrative sanction.
17. Artikel 29 van die Wet op Organisasies sonder Winsoogmerk, 1997, word hierby gewysig— (a) deur die opskrif van die artikel deur die volgende opskrif te vervang: ‘‘Misdrywe en oortredings’’; en (b) deur die volgende subartikel na subartikel (3) in te voeg: ‘‘(4) Die volgende oortredings van hierdie Wet deur ’n organisasie sonder winsoogmerk is onderhewig aan ’n voorgeskrewe admini- stratiewe sanksie: (a) ’n geregistreerde organisasie sonder winsoogmerk wat versuim om enige opgelegde plig te verrig of aan enige vereiste te voldoen ingevolge artikel 12 of 18(1)(bA); en ’n organisasie sonder winsoogmerk wat ingevolge artikel 12(1)(b) moet registreer, maar versuim om dit te doen.’’. (b) 5 10 15 20 25 30 35 40 45 50 55 This gazette is also available free online at www.gpwonline.co.za - 22 Verify source ↗
No. 47815
AI-assisted research summary: This section states that section 1 of Act 38 of 2001 is amended again.
22 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 22 Amendment of section 1 of Act 38 of 2001, as amended by section 27 of Act 33 of 2004, section 1 of Act 11 of 2008, section 53 of Act 11 of 2013 and section 1 of Act 1 of 2017 - 18 Verify source ↗
Section 1(1) of the Financial Intelligence Centre Act, 2001, is hereby amended—
AI-assisted research summary: This section amends several definitions in section 1(1), including “authorised officer,” “beneficial owner,” domestic and foreign politically exposed person, investigative division, and proliferation financing.
18. Section 1(1) of the Financial Intelligence Centre Act, 2001, is hereby amended— (a) by the deletion in paragraph (h) of the definition of ‘‘authorised officer’’ of 5 ‘‘or’’; (b) by substitution in the definition of ‘‘authorised officer’’ for paragraph (i) of the following paragraph: ‘‘(i) an investigative division in [an organ of state] a national department authorised by the head of [the organ of state] that national department to act under this Act; or’’; (c) by the addition in the definition of ‘‘authorised officer’’ after paragraph (i) of the following paragraph: ‘‘(j) an investigative division of the Auditor-General authorised by the Auditor-General to act under this Act;’’; (d) by the substitution for the definition of ‘‘beneficial owner’’ of the following definition: ‘‘ ‘beneficial owner’— (a) means a natural person who directly or indirectly— (i) ultimately owns or exercises effective control of— 10 15 20 (aa) a client of an accountable institution; or (bb) a legal person, partnership or trust that owns or exercises effective control of, as the case may be, a client of an accountable institution; or (ii) exercises control of a client of an accountable institution on whose behalf a transaction is being conducted; and 25 (b) includes— (i) (ii) (iii) in respect of legal persons, each natural person contemplated in section 21B(2)(a); in respect of a partnership, each natural person contemplated in section 21B(3)(b); and in respect of a trust, each natural person contemplated in section 21B(4)(c), (d) and (e);’’; (e) by the substitution for the definition of ‘‘domestic prominent influential person’’ of the following definition: 30 35 ‘‘ ‘domestic [prominent influential] politically exposed person’ means a person referred to in Schedule 3A;’’; (f) by the substitution for the definition of ‘‘foreign prominent public official’’ of the following definition: ‘‘ ‘foreign [prominent public official] politically exposed person’ means a person referred to in Schedule 3B;’’; 40 (g) by the substitution for the definition of ‘‘investigative division in an organ of state’’ of the following definition: ‘‘ ‘investigative division in [an organ of state] a national department’ means an investigative [division or] component in [an organ of state in the Republic] a national department listed in Schedule 1 to the Public Service Act, 1994 (Act No. 103 of 1994), having a function by law to investigate unlawful activity within [the organ of state] that national department or in another organ of state;’’; 45 (h) by the insertion after the definition of ‘‘investigative division in an organ of 50 state’’ of the following definition: ‘‘ ‘investigative division of the Auditor-General’ means the investiga- tive component of the Auditor-General having the function by law to investigate material irregularities in accordance with the Public Audit Act, 2004 (Act No. 25 of 2004);’’; and 55 (i) by the insertion after the definition of ‘‘proceeds of unlawful activities’’ of the following definitions: ‘‘ ‘proliferation financing’ or ‘proliferation financing activity’ means an activity which has or is likely to have the effect of providing property, This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Algemene Wette (Teengeldwassery en bekamping van Terrorismefinansiering, 2022 Wet no. 22 van 2022 STAATSKOERANT, 29 DESEMbER 2022 No. 47815 23 23 Wysiging van artikel 1 van Wet 38 van 2001, soos gewysig deur artikel 27 van Wet 33 van 2004, artikel 1 van Wet 11 van 2008, artikel 53 van Wet 11 van 2013 en artikel 1 van Wet 1 van 2017 - 18 Verify source ↗
Artikel 1(1) van die Wet op die Finansiële Intelligensiesentrum, 2001, word
AI-assisted research summary: This provision amends section 1(1) of the Financial Intelligence Centre Act, mainly updating and adding definitions.
18. Artikel 1(1) van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig— 5 (a) deur die omskrywing van ‘‘binnelandse-vooraanstaande-invloedryke- persoon’’ deur die volgende omskrywing te vervang: ‘‘ ‘[binnelandse-vooraanstaande-invloedryke-persoon] binnelandse politiesblootgesteldepersoon’ ’n persoon in Bylae 3A bedoel;’’; (b) deur die omskrywing van ‘‘buitelandse-vooraanstaande-openbare-beampte’’ 10 deur die volgende omskrywing te vervang: ‘‘ ‘[buitelandse-vooraanstaande-openbare-beampte] politiesblootgesteldepersoon’ ’n persoon in Bylae 3B bedoel;’’; buitelandse (c) deur in paragraaf (h) van die omskrywing van ‘‘gemagtigde beampte’’, die ‘‘of’’ te skrap; (d) deur in die omskrywing van ‘‘gemagtigde beampte’’ paragraaf (i) deur die volgende paragraaf te vervang: ‘‘(i) ’n ondersoekafdeling in ’n [staatsorgaan] nasionale departement deur die hoof van daardie [staatsorgaan] nasionale departement gemagtig om kragtens hierdie Wet op te tree; of’’; (e) deur die volgende paragraaf na paragraaf (i) in die omskrywing van ‘‘gemagtigde beampte’’ in te voeg: ‘‘(j) ’n ondersoekafdeling van die Ouditeur-generaal deur die Ouditeur- (f) generaal gemagtig om kragtens hierdie Wet te handel;’’; deur die omskrywing van ‘‘ondersoekafdeling in ’n staatsorgaan’’ deur die volgende omskrywing te vervang: ‘‘ ‘ondersoekafdeling in ’n [staatsorgaan] nasionale departement’ ’n [ondersoekafdeling in ’n staatsorgaan in die Republiek] onder- soekkomponent in ’n nasionale departement gelys in Bylae 1 by die Staatsdienswet, 1994 (Wet No. 103 van 1994), wat ’n regsfunksie het om onregmatige aktiwiteite binne [die] daardie nasionale departement of in ’n ander staatsorgaan te ondersoek;’’; (g) deur die volgende omskrywing na die omskrywing ‘‘ondersoekafdeling in ’n staatsorgaan’’ in te voeg: ‘‘ ‘ondersoekafdeling van die Ouditeur-generaal’ die ondersoek- komponent van die Ouditeur-generaal met die regsfunksie om wesenlike ongeruimdhede ooreenkomstig die Wet op Openbare Oudit, 2004 (Wet No. 25 van 2004), te ondersoek;’’; (h) deur die volgende omskrywing na die omskrywing van ‘‘Openbare Beskermer’’ in te voeg: ‘‘ ‘proliferasiefinansiering’ of ‘proliferasiefinansieringsaktiwiteit’ ’n aktiwiteit wat die uitwerking het of waarskynlik ’n uitwerking kan hê dat eiendom, ’n finansiële of ander diens of ekonomiese ondersteuning aan ’n nie-Staatsakteur voorsien word, wat gebruik kan word om die vervaardiging, verkryging, besit, ontwikkeling, vervoer, oordrag of gebruik van kernwapens, chemiese of biologiese wapens en die middele vir die lewering daarvan te finansier, en sluit enige aktiwiteit in wat ’n misdryf ingevolge artikel 49A uitmaak;’’; 15 20 25 30 35 40 45 (i) deur die omskrywing van ‘‘uiteindelik geregtigde’’ deur die volgende omskrywing te vervang: 50 ‘‘ ‘uiteindelik geregtigde’— (a) ’n natuurlike persoon wat regstreeks of onregstreeks— (i) uiteindelik— (aa) ’n kliënt van ’n verantwoordingspligtige instelling besit of beheer daaroor uitoefen; of 55 (bb) ’n regspersoon, vennootskap of trust besit of beheer daaroor ’n wat verantwoordingspligtige instelling, besit of doelmatige beheer daaroor uitoefen, na gelang van die geval; of uitoefen, kliënt van ’n (ii) beheer oor ’n kliënt van ’n verantwoordingspligtige instelling 60 uitoefen namens wie ’n transaksie gevoer word; en This gazette is also available free online at www.gpwonline.co.za - 24 Verify source ↗
No. 47815
AI-assisted research summary: This section defines “prominent influential person” as a person referred to in Schedule 3C.
24 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 24 a financial or other service or economic support to a non-State actor, that may be used to finance the manufacture, acquisition, possessing, development, transport, transfer or use of nuclear, chemical or biological weapons and their means of delivery, and includes any activity which constitutes an offence in terms of section 49A; ‘prominent influential person’ means a person referred to in Schedule 3C;’’. 5 Amendment of section 3 of Act 38 of 2001, as amended by section 27 of Act 33 of 2004, section 2 of Act 11 of 2008 and section 2 of Act 1 of 2017 - 19 Verify source ↗
Section 3 of the Financial Intelligence Centre Act, 2001, is hereby amended—
AI-assisted research summary: The Centre’s objective is to help identify unlawful proceeds and persons involved in money laundering, terrorist-financing, and proliferation-financing activities, and to support financial sanctions implementation.
19. Section 3 of the Financial Intelligence Centre Act, 2001, is hereby amended— 10 (a) by the substitution for subsection (1) of the following subsection: ‘‘(1) The principal objective of the Centre is to assist in the— identification of the proceeds of unlawful activities; (a) (aA) identification of persons involved in money laundering activities, offences relating to the financing of terrorist and related activities and proliferation financing activities; (b) combating of money laundering activities [and], the financing of terrorist and related activities and proliferation financing activities; and to resolutions implementation of financial sanctions pursuant adopted by the Security Council of the United Nations, under Chapter VII of the Charter of the United Nations.’’; (b) by the substitution in subsection (2) for the words preceding paragraph (a) of (c) 15 20 the following words: ‘‘to make information [collected by] it collects and produces available to—’’; 25 (c) by the substitution in paragraph (a) of subsection (2) for subparagraphs (ix) and (x) of the following subparagraphs: ‘‘(ix) an investigative division in [an organ of state] a national department; [or] (x) a supervisory body[,]; or (xi) the investigative division of the Auditor-General,’’; (d) by the substitution in subsection (2) for item (aa) of the following item: ‘‘(aa) to administer measures requiring [accountable institutions] persons to freeze property and transactions pursuant to financial sanctions that may arise from resolutions adopted by the Security Council of the United Nations [referred to in a notice] contemplated in section 26A;’’; and (e) by the insertion in subsection (2) after item (aa) of the following item: ‘‘(aaA) to produce forensic evidence, based on the application of specialised scientific methods and techniques, pertaining to the flow of financial transactions and the links between persons, and between persons and property, based on the flow of financial transactions;’’. 30 35 40 Amendment of section 4 of Act 38 of 2001, as amended by section 4 of Act 11 of 2008 and section 3 of Act 1 of 2017 45
Part
Chapter VII of the Charter of the United Nations.’’;
- 20 Verify source ↗
Section 4 of the Financial Intelligence Centre Act, 2001, is hereby amended—
AI-assisted research summary: This provision amends section 4 of the Financial Intelligence Centre Act, 2001, and adds a new definition for “prominent influential person.”
20. Section 4 of the Financial Intelligence Centre Act, 2001, is hereby amended— (a) by the substitution in paragraph (b) for subparagraphs (ix) and (x) of the following subparagraphs: This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Algemene Wette (Teengeldwassery en bekamping van Terrorismefinansiering, 2022 Wet no. 22 van 2022 STAATSKOERANT, 29 DESEMbER 2022 No. 47815 25 25 (b) ook— (i) (ii) (iii) ten opsigte van regspersone, elke natuurlike persoon in artikel 21B(2)(a) beoog; ten opsigte van ’n vennootskap, elke natuurlike persoon in artikel 21B(3)(b) beoog; en ten opsigte van ’n trust, elke natuurlike persoon in artikel 21B(4)(c), (d) en (e) beoog;’’; en 5 (j) deur die volgende omskrywing na die omskrywing van ‘‘verslag- doeningsinstelling’’ in te voeg: ‘‘ ‘vooraanstaande persoon met invloed’ ’n persoon in Bylae 3C bedoel;’’. 10 Wysiging van artikel 3 van Wet 38 van 2001, soos gewysig deur artikel 27 van Wet 33 van 2004, artikel 2 van Wet 11 van 2008 en artikel 2 van Wet 1 van 2017 - 19 Verify source ↗
Artikel 3 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby
AI-assisted research summary: The Centre’s main object is expanded to include assistance with identifying unlawful proceeds, money laundering and terrorism/proliferation financing-related activity, sharing information with certain bodies, freezing measures linked to UN sanctions, and producing forensic evidence.
19. Artikel 3 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig— (a) deur subartikel (1) deur die volgende subartikel te vervang: ‘‘(1) Die vernaamste oogmerk van die Sentrum is om bystand te verleen in die — (a) identifisering van die opbrengs van onregmatige aktiwiteite; (aA) identifikasie van persone betrokke by geldwassery-aktiwiteite, misdrywe wat verband hou met die finansiering van terroriste- en verwante aktiwiteite en proliferasiefinansieringsaktiwiteite; (b) bekamping van geldwassery-aktiwiteite [en], van die finansiering proliferasie- van finansieringsaktiwiteite; en implementering van finansiële sanksies na aanleiding van resolusies deurgevoer deur die Veiligheidsraad van die Verenigde Nasies, kragtens Hoofstuk VII van die Handves van die Verenigde Nasies.’’; aktiwiteite terroriste- verwante (c) en en 15 20 25 (b) deur in subartikel (2) die woorde wat paragraaf (a) voorafgaan deur die 30 volgende woorde te vervang: ‘‘om inligting [deur hom] wat die Sentrum versamel en produseer, beskikbaar te stel aan—’’; (c) deur in paragraaf (a) van subartikel (2) subparagrawe (ix) en (x) deur die volgende subparagrawe te vervang: ‘‘(ix) ’n ondersoekafdeling in ’n [staatsorgaan] nasionale departement; [of] (x) ’n toesighoudende liggaam[,]; of (xi) die ondersoekafdeling van die Ouditeur-generaal,’’; (d) deur in subartikel (2) item (aa) deur die volgende item te vervang: te ‘‘(aa) om maatreëls [verant- administreer wat woordingspligtige instellings] persone eiendom en transaksies bevries na aanleiding van finansiële sanksies wat kan voortspruit uit resolusies, deur die Veiligheidsraad van die Verenigde Nasies deurgevoer, [bedoel in ’n kennisgewing] in artikel 26A beoog;’’; en verg dat (e) deur in subartikel (2), die volgende item na item (aa) in te voeg: ‘‘(aaA) om forensiese getuienis te produseer, gebaseer op die toepassing van gespesialiseerde wetenskaplike metodes en tegnieke, betreffende die vloei van finansiële transaksies en die skakels tussen persone, en tussen persone en eiendom, gebaseer op die vloei van finansiële transaksies;’’. 35 40 45 50 Wysiging van artikel 4 van Wet 38 van 2001, soos gewysig deur artikel 4 van Wet 11 van 2008 en artikel 3 van Wet 1 van 2017 - 20 Verify source ↗
Artikel 4 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby
AI-assisted research summary: This provision amends Article 4 of the Financial Intelligence Centre Act, 2001 by replacing subparagraphs (ix) and (x) in paragraph (b).
20. Artikel 4 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby 55 gewysig— (a) deur in paragraaf (b) subparagrawe (ix) en (x) deur die volgende sub- paragrawe te vervang: This gazette is also available free online at www.gpwonline.co.za - 26 Verify source ↗
No. 47815
AI-assisted research summary: The Centre must give guidance, report annually to the Minister, and supervise/enforce compliance in the stated cases.
26 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 26 ‘‘(ix) an investigative division in [an organ of state] a national department; [or] (x) a supervisory body; or (xi) the investigative division of the Auditor-General;’’; (b) by the substitution for paragraph (cA) of the following paragraph: ‘‘(cA) provide information and guidance to [accountable institutions] persons that will assist [accountable institutions] in meeting requirements to freeze property and transactions pursuant to resolutions adopted by the Security Council of the United Nations [referred to in a notice] contemplated in section 26A;’’; (c) by the substitution for paragraph (e) of the following paragraph: ‘‘(e) annually review the implementation of this Act and submit a report [thereon] that includes information that is necessary to demonstrate the implementation of the Act, to the Minister;’’; and (d) by the substitution for paragraph (g) of the following paragraph: ‘‘(g) supervise and enforce compliance with this Act or any directive made in terms of this Act by accountable institutions, reporting institutions and other persons to whom the provisions of this Act apply that— (i) are not [regulated or] supervised by a supervisory body in terms of this Act [or any other law]; are [regulated or] supervised by a supervisory body in terms of this Act [or any other law], if that supervisory body fails to enforce compliance despite any recommenda- tion of the Centre made in terms of section 44(b).’’. (ii) 5 10 15 20 25 Amendment of section 5 of Act 38 of 2001 - 21 Verify source ↗
Section 5 of the Financial Intelligence Centre Act, 2001, is hereby amended—
AI-assisted research summary: The Centre is given power to enter public-private partnerships and to request information, database access, and register information from organs of state for its functions.
21. Section 5 of the Financial Intelligence Centre Act, 2001, is hereby amended— (a) by the insertion in subsection (1) after paragraph (h) of the following paragraph: ‘‘(hA) enter into public private partnerships for the purposes of achieving any of the objectives of the Centre in section 3;’’; and 30 (b) by the insertion after subsection (1) of the following subsection: ‘‘(2) The Centre may, for the purposes of this Act and to perform its functions effectively— (a) request information from any organ of state; (b) request access to any database held by any organ of state; or (c) have access to information contained in a register that is kept by an organ of state in the execution of a statutory function of that organ of state.’’. 35 Amendment of section 21B of Act 38 of 2001, as inserted by section 10 of Act 1 of 2017 40 - 22 Verify source ↗
Section 21B of the Financial Intelligence Centre Act, 2001, is hereby amended—
AI-assisted research summary: This section amends Section 21B of the Financial Intelligence Centre Act, 2001.
22. Section 21B of the Financial Intelligence Centre Act, 2001, is hereby amended— (a) by the substitution in paragraph (a) of subsection (2) for subparagraph (ii) of the following subparagraph: ‘‘(ii) if in doubt whether a natural person contemplated in subpara- graph (i) is the beneficial owner of the legal person or no natural person has a controlling ownership interest in the legal person, determining the identity of each natural person who exercises control of that legal person through other means, including through his or her ownership or control of other legal persons, partnerships or trusts; or’’; and 45 50 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Algemene Wette (Teengeldwassery en bekamping van Terrorismefinansiering, 2022 Wet no. 22 van 2022 STAATSKOERANT, 29 DESEMbER 2022 No. 47815 27 27 ‘‘(ix) ’n ondersoekafdeling in ’n [staatsorgaan] nasionale departement; [of] (x) ’n toesighoudende liggaam; of (xi) die ondersoekafdeling van die Ouditeur-generaal;’’; (b) deur paragraaf (cA) deur die volgende subparagraaf te vervang: ‘‘(cA) inligting en leiding aan [verantwoordingspligtige instellings] persone voorsien wat [verantwoordingspligtige instellings] sal help om te voldoen aan vereistes om eiendom en transaksies te bevries na aanleiding van resolusies deur die Veiligheidsraad van die Verenigde Nasies deurgevoer, [bedoel in ’n kennisgewing] in artikel 26A beoog;’’; (c) deur paragraaf (e) deur die volgende paragraaf te vervang: ‘‘(e) jaarliks die toepassing van hierdie Wet hersien en ’n verslag [daaroor] wat inligting insluit wat nodig is om die toepassing van die Wet te demonstreer, aan die Minister voorlê;’’; en (d) deur paragraaf (g) deur die volgende paragraaf te vervang: ‘‘(g) toesig hou oor verantwoordingspligtige instellings, verslagdoen- ingsinstellings en ander persone op wie die bepalings van hierdie Wet of ’n lasgewing uitgereik ingevolge hierdie Wet van toepassing is en wat— (i) (ii) [nie ingevolge hierdie Wet of enige ander wet deur ’n toesighoudende liggaam gereguleer word of] oor wie ’n toesighoudende liggaam nie ingevolge hierdie Wet of enige ander wet toesig hou nie; [ingevolge hierdie Wet of enige ander wet deur ’n toesighoudende liggaam gereguleer word of] oor wie ’n toesighoudende liggaam ingevolge hierdie Wet [of enige ander wet] toesig hou, indien daardie toesighoudende liggaam versuim om nakoming af te dwing ondanks ’n aanbeveling van die Sentrum wat ingevolge artikel 44(b) gedoen is,’’. 5 10 15 20 25 30 Wysiging van artikel 5 van Wet 38 van 2001 - 21 Verify source ↗
Artikel 5 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby
AI-assisted research summary: The Centre may ask any state organ for information, request access to any database held by a state organ, or access information in a register held by a state organ when doing its work under the Act.
21. Artikel 5 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig— (a) deur in subartikel (1) die volgende paragraaf na paragraaf (h) in te voeg: 35 ‘‘(hA) publieke private vennootskappe aangaan met die doel om enige van die oogmerke van die sentrum in artikel 3 te bereik;’’; en (b) deur die volgende subartikel na subartikel (1) in te voeg: ‘‘(2) Die Sentrum kan, vir die doeleindes van hierdie Wet en om die Sentrum se werksaamhede doeltreffend uit te voer— (a) (b) (c) inligting van enige staatsorgaan aanvra; toegang versoek tot enige databasis wat enige staatsorgaan hou; of toegang hê tot inligting vervat in ’n register wat deur ’n staatsorgaan gehou word in die uitvoering van ’n statutêre funksie van daardie staatsorgaan.’’. 40 45 Wysiging van artikel 21B van Wet 38 van 2001, soos ingevoeg deur artikel 10 van Wet 1 van 2017 - 22 Verify source ↗
Artikel 21B van die Wet op die Finansiële Intelligensiesentrum, 2001, word
AI-assisted research summary: This section amends section 21B to require identifying any natural person who exercises control over a juristic person when beneficial ownership is uncertain.
22. Artikel 21B van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig— (a) deur in paragraaf (a) van subartikel (2) subparagraaf (ii) deur die volgende 50 subparagraaf te vervang: ‘‘(ii) indien twyfel bestaan of ’n natuurlike persoon in subparagraaf (i) beoog die uiteindelik geregtigde van die regspersoon is of geen natuurlike persoon ’n beherende eienaarskapsbelang in die regspersoon het nie, die identiteit uit te vind van elke natuurlike persoon wat op ander maniere beheer oor daardie regspersoon uitoefen, met inbegrip van deur sy of haar eienaarskap of beheer van ander regspersone, vennootskappe of trusts; of’’; en 55 This gazette is also available free online at www.gpwonline.co.za - 28 Verify source ↗
No. 47815
AI-assisted research summary: Accountable institutions must identify and verify specified details about partnerships and trusts when a person acts for them in a transaction or business relationship.
28 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 28 (b) by the substitution for subsections (3) and (4) of the following subsections: ‘‘(3) If a [natural] person, in entering into a single transaction or establishing a business relationship as contemplated in section 21, is acting on behalf of a partnership [between natural persons], an accountable institution must, in addition to the steps required under sections 21 and 21A and in accordance with its Risk Management and Compliance Programme— (a) establish the identifying name of the partnership, if applicable; (b) establish the identity of— (i) every partner, including every member of a partnership en commandite, an anonymous partnership or any similar partnership; (ii) if a partner in the partnership is a legal person or a natural person acting on behalf of a partnership or in pursuance of the provisions of a trust agreement, the beneficial owner of that legal person, partnership or trust; (iii) [establish the identity of] the natural person who exercises executive control over the partnership; and (iv) [establish the identity of] each natural person who purports to be authorised to enter into a single transaction or establish a business relationship with the accountable institution on behalf of the partnership; and take reasonable steps to verify— [(c)] [(d)] [(e)] (c) [(f)] (i) (ii) the particulars obtained in paragraph (a); and [take reasonable steps to verify] the identities of the natural persons referred to in [paragraphs] paragraph (b) [to (d)] so that the accountable institution is satisfied that it knows the identities of the natural persons concerned. (4) If a [natural] person, in entering into a single transaction or establishing a business relationship as contemplated in section 21, is acting in pursuance of the provisions of a trust agreement [between natural persons], an accountable institution must, in addition to the steps required under sections 21 and 21A and in accordance with its Risk Management and Compliance Programme— (a) establish the identifying name and number of the trust, if applicable; (b) establish the address of the Master of the High Court where the trust is registered, if applicable; in respect of the founders of the trust, establish the identity of— (c) (i) (ii) [the] each founder; and if a founder of the trust is a legal person or a person acting on behalf of a partnership or in pursuance of the provisions of a trust agreement, the beneficial owner of that legal person, partnership or trust; (d) in respect of the trustees of the trust, establish the identity of— each trustee; (i) (iA) if a trustee is a legal person or a person acting on behalf of a partnership, the beneficial owner of that legal person or partnership; and (ii) each natural person who purports to be authorised to enter into a single transaction or establish a business relationship with the accountable institution on behalf of the trust, whether such a person is appointed as a trustee of the trust or not; (e) in respect of the beneficiaries of the trust, establish— (i) the identity of each beneficiary referred to by name in the trust [deed] instrument or other founding instrument in terms of which the trust is created; 5 10 15 20 25 30 35 40 45 50 55 60 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Algemene Wette (Teengeldwassery en bekamping van Terrorismefinansiering, 2022 Wet no. 22 van 2022 STAATSKOERANT, 29 DESEMbER 2022 No. 47815 29 (b) deur subartikels (3) en (4) deur die volgende subartikels te vervang: 29 ‘‘(3) Indien ’n [natuurlike] persoon, by die sluit van ’n enkel- transaksie of aangaan van ’n sakeverhouding soos beoog in artikel 21, ten behoewe van ’n vennootskap [tussen natuurlike persone] optree, moet ’n verantwoordingspligtige instelling, benewens die stappe kragtens artikels 21 en 21A en ooreenkomstig sy Risikobestuur- en Nakomingsprogram— (a) die identifiserende naam van die vennootskap vasstel, indien van toepassing; (b) die identiteit vasstel van— (i) elke vennoot [vasstel], met inbegrip van elke lid van ’n vennootskap en commandite, ’n anonieme vennootskap of enige soortgelyke vennootskap; (ii) indien ’n vennoot in die vennootskap ’n regspersoon of ’n natuurlike persoon is wat namens ’n vennootskap of ingevolge die bepalings van ’n trustooreenkoms optree, die uiteindelik geregtigde van daardie regspersoon, vennoot- skap of trust; (iii) [die identiteit vasstel van] die natuurlike persoon wat uitvoerende beheer oor die vennootskap uitoefen; en (iv) [die identiteit vasstel van] elke natuurlike persoon wat voorgee om gemagtig te wees om namens die vennootskap ‘n enkeltransaksie te sluit of ’n sakeverhouding aan te gaan met die verantwoordingspligtige instelling; en [(c)] [(d)] [(e)] (c) redelike stappe doen om— (i) (ii) [(f)] die besonderhede wat kragtens paragraaf (a) verkry is, te verifieer; [redelike stappe doen om] die identiteite van die natuurlike persone in [paragrawe] paragraaf (b) [tot (d)] bedoel te verifieer sodat die verantwoordings- pligtige instelling tevrede is dat hy die identiteite van die betrokke natuurlike persone ken. (4) Indien ’n [natuurlike] persoon, by die sluit van ’n enkeltransaksie of die aangaan van ’n sakeverhouding soos beoog in artikel 21, ingevolge die bepalings van ’n trustooreenkoms [tussen natuurlike persone] optree, moet ’n verantwoordingspligtige instelling, benewens die stappe kragtens artikels 21 en 21A vereis en ooreenkomstig sy Risikobestuur- en Nakomingsprogram— (a) die identifiserende naam en nommer van die trust vasstel, indien 5 10 15 20 25 30 35 40 van toepassing; (b) die adres van die Meester van die Hooggeregshof waar die trust 45 geregistreer is, vasstel, indien van toepassing; ten opsigte van die stigters van die trust, die identiteit vasstel— (c) (i) van [die] elke stigter [vasstel]; en (ii) as ’n stigter van die trust ’n regspersoon is of ’n persoon is ingevolge die wat namens ’n vennootskap handel of bepalings uiteindelik geregtigde van daardie regspersoon, vennootskap of trust; ten opsigte van die trustees van die trust, die identiteit vasstel van— trustooreenkoms, van die ’n (d) elke trustee; (i) (iA) as ’n trustee ’n regspersoon is of ’n persoon is wat ten behoewe van ’n vennootskap optree, die uiteindelik geregtigde van daardie regspersoon of vennootskap; en (ii) elke natuurlike persoon wat voorgee om gemagtig te wees om namens die trust ’n enkeltransaksie te sluit of ’n sakeverhouding aan te gaan met die verantwoor- dingspligtige instelling namens die trust, hetsy sodanige persoon as ’n trustee van die trust aangestel word, al dan nie; (e) ten opsigte van die begunstigdes van die trust— (i) in die die identiteit vasstel van elke begunstigde wat [trustakte] trustinstrument of ander stigtingsakte ingevolge waarvan die trust geskep is, by die naam genoem word; 50 55 60 65 This gazette is also available free online at www.gpwonline.co.za - 30 Verify source ↗
No. 47815
AI-assisted research summary: An accountable institution must take reasonable steps to verify certain trust-related particulars and the identities of relevant natural persons.
30 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 30 (iA) if a beneficiary referred to by name in the trust instrument is a legal person or a person acting on behalf of a partnership or in pursuance of the provisions of a trust agreement, the beneficial owner of that legal person, partnership or trust; [or] and if beneficiaries are not referred to by name in the trust [deed] instrument or other founding instrument in terms of which the trust is created, the particulars of how the beneficiaries of the trust are determined; (ii) (f) (g) take reasonable steps to verify the particulars obtained in para- graphs (a), (b) and (e)(ii); and take reasonable steps to verify the identities of the natural persons referred to in paragraphs (c), (d) [and], (e)(i) and (iA) so that the accountable institution is satisfied that it knows the identities of the natural persons concerned.’’. Amendment of section 21C of Act 38 of 2001, as inserted by section 10 of Act 1 of 2017 - 23 Verify source ↗
Section 21C of the Financial Intelligence Centre Act, 2001, is hereby amended by
AI-assisted research summary: An accountable institution may stop customer due diligence if it suspects a transaction or activity is suspicious or unusual and believes continuing would alert the client to a report under section 29.
23. Section 21C of the Financial Intelligence Centre Act, 2001, is hereby amended by the addition of the following subsection, the existing provision becoming subsection (1): ‘‘(2) If an accountable institution suspects that a transaction or activity is suspicious or unusual as contemplated in section 29, and the institution reasonably believes that in performing the customer due diligence requirements in terms of this section will disclose to the client that a report will be made in terms of section 29, it may discontinue the customer due diligence process and consider making a report under section 29.’’. Substitution of section 21D of Act 38 of 2001, as inserted by section 10 of Act 1 of 2017 - 24 Verify source ↗
The following section is hereby substituted for section 21D of the Financial
AI-assisted research summary: This section replaces section 21D with a provision about doubts about the veracity of previously obtained information and reporting suspicious and unusual transactions.
24. The following section is hereby substituted for section 21D of the Financial Intelligence Centre Act, 2001: 5 10 15 20 25 ‘‘Doubts about veracity of previously obtained information and when reporting suspicious and unusual transactions 30 - 21D Verify source ↗
When an accountable institution, subsequent to entering into a
AI-assisted research summary: An accountable institution must repeat verification steps when needed after a transaction or business relationship if information is doubtful or a suspicious/unusual transaction report is made.
21D. When an accountable institution, subsequent to entering into a single transaction or establishing a business relationship[,] — (a) doubts the veracity or adequacy of previously obtained information which the institution is required to verify as contemplated in sections 21 and 21B; or (b) makes a suspicious or unusual transaction report in terms of section 29, the institution must repeat the steps contemplated in sections 21 and 21B in accordance with its Risk Management and Compliance Programme and to the extent that is necessary to confirm the information [in question] previously obtained.’’. 35 40 Amendment of section 21F of Act 38 of 2001, as inserted by section 10 of Act 1 of 2017 - 25 Verify source ↗
Section 21F of the Financial Intelligence Centre Act, 2001, is hereby amended—
AI-assisted research summary: This section amends the Financial Intelligence Centre Act to require accountable institutions, when dealing with a foreign politically exposed person, to do specified due diligence steps.
25. Section 21F of the Financial Intelligence Centre Act, 2001, is hereby amended— 45 (a) by the substitution for the heading of the following heading: ‘‘Foreign [prominent public official] politically exposed person’’; and (b) by the substitution for the words preceding paragraph (a) of the following words: ‘‘If an accountable institution determines in accordance with its Risk Management and Compliance Programme that a prospective client with whom it engages to establish a business relationship, or the beneficial owner of that prospective client, is a foreign [prominent public official] politically exposed person, the institution must—’’. 50 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Algemene Wette (Teengeldwassery en bekamping van Terrorismefinansiering, 2022 Wet no. 22 van 2022 STAATSKOERANT, 29 DESEMbER 2022 No. 47815 31 31 (iA) of ’n begunstige wat by die naam genoem word in die trustinstrument ’n regspersoon is of ’n persoon is wat ten behoewe van ’n vennootskap of ingevolge die bepalings van ’n trustooreenkoms optree, die identiteit vasstel van die uiteindelik geregtigde van daardie regspersoon, ven- nootskap of trust; [of] en indien begunstigdes nie in die [trustakte] trustinstrument of ander stigtingsakte ingevolge waarvan die trust geskep is by die naam genoem word nie, die besonderhede vasstel van hoe die begunstigdes van die trust bepaal word; (ii) (f) (g) redelike stappe doen om die besonderhede in paragrawe (a), (b) en (e)(ii) verkry, te verifieer; en redelike stappe doen om die identiteite te verifieer van die natuurlike persone in paragrawe (c), (d) [en], (e)(i) en (iA) bedoel sodat die verantwoordingspligtige instelling tevrede is dat hy die identiteite van die betrokke natuurlike persone ken.’’. Wysiging van artikel 21C van Wet 38 van 2001, soos ingevoeg deur artikel 10 van Wet 1 van 2017 - 23 Verify source ↗
Artikel 21C van die Wet op die Finansiële Intelligensiesentrum, 2001, word
AI-assisted research summary: An accountable institution may stop customer due diligence and consider reporting under article 29 when it suspects a transaction or activity is suspicious or unusual and thinks due diligence would tip off the client.
23. Artikel 21C van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig deur die volgende subartikel by te voeg, sodat die bestaande bepaling subartikel (1) word: ‘‘(2) Indien ’n verantwoordingspligtige instelling vermoed dat ’n transaksie of aktiwiteit verdag of ongewoon is soos in artikel 29 beoog, en die instelling redelikerwys glo dat die uitvoering van klante-omsigtigheidsvereistes ingevolge hierdie artikel aan die kliënt sal openbaar maak dat ’n verslag ingevolge artikel 29 gemaak gaan word, kan hulle die klante-omsigtigheidsproses staak en dit oorweeg om ’n verslag kragtens artikel 29 te doen.’’. Vervanging van artikel 21D van Wet 38 van 2001, soos deur artikel 10 van Wet 1 van 2017 ingevoeg: 5 10 15 20 25 - 24 Verify source ↗
Artikel 21D van die Wet op die Finansiële Intelligensiesentrum, 2001, word
AI-assisted research summary: This provision replaces Article 21D with a new article about uncertainty over previously obtained information and the reporting of suspicious and unusual transactions.
24. Artikel 21D van die Wet op die Finansiële Intelligensiesentrum, 2001, word 30 hierby deur die volgende artikel vervang: ‘‘Twyfel oor geloofwaardigheid van inligting wat voorheen verkry is en wanneer verdagte en ongewone transaksies aangemeld word - 21D Verify source ↗
Wanneer ’n verantwoordingspligtige instelling, na die sluit van ’n
AI-assisted research summary: An accountable institution must repeat verification steps from articles 21 and 21B if it doubts previously obtained information or reports a suspicious or unusual transaction.
21D. Wanneer ’n verantwoordingspligtige instelling, na die sluit van ’n enkeltransaksie of die aangaan van ’n sakeverhouding[,]— (a) twyfel oor die betroubaarheid of genoegsaamheid van inligting wat voorheen verkry is wat die instelling moet verifieer soos in artikels 21 en 21B beoog; of (b) ’n verdagte of ongewone transaksie rapporteer ingevolge artikel 29, moet die instelling die stappe in artikels 21 en 21B beoog ooreenkomstig sy Risikobestuur- en Nakomingsprogram en tot die mate nodig om die [betrokke] inligting wat voorheen verkry is, te bevestig, herhaal.’’. 35 40 Wysiging van artikel 21F van Wet 38 van 2001, soos ingevoeg deur artikel 10 van Wet 1 van 2017 - 25 Verify source ↗
Artikel 21F van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby
AI-assisted research summary: This section amends section 21F to use “politically exposed person” and says an accountable institution must act when it identifies a prospective client or ultimate beneficial owner as such a person.
25. Artikel 21F van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby 45 gewysig— (a) deur die opskrif deur die volgende opskrif te vervang: ‘‘[Buitelandse-vooraanstaande-openbare-beampte] politiesblootgesteldepersoon’’; en Buitelandse (b) deur die woorde wat paragraaf (a) voorafgaan deur die volgende woorde te 50 vervang: ‘‘Indien ’n verantwoordingspligtige instelling ooreenkomstig sy Risiko- bestuur- en Nakomingsprogram vasstel dat ’n voornemende kliënt waarmee hy ’n sakeverhouding sluit, of die uiteindelik geregtigde van [buitelandse-vooraanstaande- ’n daardie openbare-beampte] buitelandse politiesblootgesteldepersoon is, moet die instelling—’’. voornemende kliënt, 55 This gazette is also available free online at www.gpwonline.co.za - 32 Verify source ↗
No. 47815
AI-assisted research summary: This section amends section 21G of Act 38 of 2001.
32 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 32 Amendment of section 21G of Act 38 of 2001, as inserted by section 10 of Act 1 of 2017 - 26 Verify source ↗
Section 21G of the Financial Intelligence Centre Act, 2001, is hereby amended—
AI-assisted research summary: This section amends section 21G of the Financial Intelligence Centre Act, 2001, including the heading and the wording that introduces a higher-risk due diligence duty for accountable institutions.
26. Section 21G of the Financial Intelligence Centre Act, 2001, is hereby amended— (a) by the substitution for the heading of the following heading: ‘‘Domestic [prominent influential] politically exposed person and prominent influential person’’; and 5 (b) by the substitution for the words preceding paragraph (a) of the following words: ‘‘If an accountable institution determines that a prospective client with whom it engages to establish a business relationship, or the beneficial owner of that prospective client, is a domestic [prominent influential] politically exposed person or a prominent influential person and that, in accordance with its Risk Management and Compliance Programme, the prospective business relationship entails higher risk, the institution must—’’. 10 15 Amendment of section 21H of Act 38 of 2001, as inserted by section 10 of Act 1 of 2017 - 27 Verify source ↗
Section 21H of the Financial Intelligence Centre Act, 2001, is hereby amended by
AI-assisted research summary: This amendment says Sections 21F and 21G apply to immediate family members and known close associates of certain politically exposed or prominent influential persons.
27. Section 21H of the Financial Intelligence Centre Act, 2001, is hereby amended by the substitution for subsection (1) of the following subsection: ‘‘(1) Sections 21F and 21G apply to immediate family members and known close associates of [a person in] a foreign or domestic [prominent position] politically exposed person or a prominent influential person, as the case may be.’’. 20 Substitution of section 26A of Act 38 of 2001, as inserted by section 17 of Act 1 of 2017 - 28 Verify source ↗
The following section is hereby substituted for section 26A of the Financial
AI-assisted research summary: Certain UN Security Council resolutions take immediate effect under this section, and the Director must publish notice of their adoption.
28. The following section is hereby substituted for section 26A of the Financial 25 Intelligence Centre Act, 2001: ‘‘Notification of persons and entities identified by Security Council of the United Nations 26A. (1) [Upon the adoption of a] A resolution adopted by the Security Council of the United Nations when acting under Chapter VII of the Charter of the United Nations, providing for financial sanctions which entail the identification of persons or entities against whom member states of the United Nations must take the actions specified in the resolution, [the Minister must announce the adoption of the resolution by notice in the Gazette and other appropriate means of publication] has immediate effect for the purposes of this Act upon its adoption by the Security Council of the United Nations. (1A) A resolution contemplated in subsection (1) ceases to be in effect upon a decision of the Security Council of the United Nations to no longer apply that resolution. (2) This section does not apply to resolutions of the Security Council of the United Nations contemplated in section 25 of the Protection of Constitutional Democracy against Terrorist and Related Activities Act, 2004 (Act No. 33 of 2004). (3) [Following a notice contemplated in subsection (1) the] The Director must, [from time to time and] by appropriate means of publication, give notice of— (Aa) the adoption of a resolution by the Security Council of the United Nations contemplated in subsection (1); 30 35 40 45 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Algemene Wette (Teengeldwassery en bekamping van Terrorismefinansiering, 2022 Wet no. 22 van 2022 STAATSKOERANT, 29 DESEMbER 2022 No. 47815 33 33 Wysiging van artikel 21G van Wet 38 van 2001, soos ingevoeg deur artikel 10 van Wet 1 van 2017 - 26 Verify source ↗
Artikel 21G van die Wet op die Finansiële Intelligensiesentrum, 2001, word
AI-assisted research summary: This provision amends Article 21G and changes the wording for cases where an accountable institution identifies certain higher-risk prospective clients or beneficial owners.
26. Artikel 21G van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig— (a) deur die opskrif deur die volgende opskrif te vervang: ‘‘[Binnelandse-vooraanstaande-invloedryke-persoon] Binnelandse politiesblootgesteldepersoon en vooraanstaande persoon met invloed’’; en (b) deur die woorde wat paragraaf (a) voorafgaan deur die volgende woorde te vervang: ‘‘Indien ’n verantwoordingspligtige instelling vasstel dat ’n voor- nemende kliënt met wie hy onderhandel om ’n sakeverhouding aan te gaan, of die uiteindelik geregtigde van daardie voornemende kliënt, ’n [binnelandse-vooraanstaande-invloedryke-persoon] binnelandse politiesblootgesteldepersoon of ’n vooraanstaande persoon met invloed is en dat, ooreenkomstig sy Risikobestuur- en Nakomingsprogram, die voorgenome sakeverhouding groter risiko behels, moet die instelling—’’. 5 10 15 Wysiging van artikel 21H van Wet 38 van 2001, soos ingevoeg deur artikel 10 van Wet 1 van 2017 20 - 27 Verify source ↗
Artikel 21H van die Wet op die Finansiële Intelligensiesentrum, 2001, word
AI-assisted research summary: This section amends Article 21H by replacing subsection (1) so that sections 21F and 21G apply to the family members and known close associates of certain politically exposed persons.
27. Artikel 21H van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig deur subartikel (1) deur die volgende subartikel te vervang: ‘‘(1) Artikels 21F en 21G is van toepassing op die gesinslede en bekende nabye vennote van [’n persoon in] ’n buitelandse of binnelandse [vooraanstaande posisie] politiesblootgesteldepersoon of ’n vooraanstaande persoon met invloed, na gelang van die geval.’’. Vervanging van artikel 26A van Wet 38 van 2001, soos ingevoeg deur artikel 17 van Wet 1 van 2017 - 28 Verify source ↗
Artikel 26A van die Wet op die Finansiële Intelligensiesentrum, 2001, word
AI-assisted research summary: UN Security Council sanctions resolutions covered by this section take effect immediately, stop having effect when the Council decides not to apply them, and the Director must give notice of the resolution’s adoption.
28. Artikel 26A van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby deur die volgende artikel vervang: ‘‘Kennisgewing van persone en entiteite deur Veiligheidsraad van Verenigde Nasies geïdentifiseer 26A. (1) [By die deurvoer van] ’n [resolusie] Resolusie deur die Veiligheidsraad van die Verenigde Nasies deurgevoer handelende kragtens Hoofstuk VII van die Handves van die Verenigde Nasies, wat vir finansiële sanksies voorsiening maak wat die identifikasie behels van persone of entiteite teen wie lidstate van die Verenigde Nasies die stappe in die resolusie vermeld, moet instel, [moet die Minister die deurvoer van die resolusie by kennisgewing in die Staatskoerant en ander gepaste publikasiemiddels, aankondig] onmiddellik van krag vir die doeleindes van hierdie Wet by die deurvoer daarvan deur die Veiligheidsraad van die Verenigde Nasies. (1A) ’n Resolusie in subartikel (1) bedoel, hou op om van krag te wees by ’n besluit van die Veiligheidsraad van die Verenigde Nasies om nie meer daardie resolusie toe te pas nie. (2) Hierdie artikel is nie van toepassing nie op die resolusies van die Veiligheidsraad beoog in artikel 25 van die Wet op Beskerming van Konstitusionele Demokrasie teen Terroriste- en Verwante Aktiwiteite, 2004 (Wet No. 33 van 2004). (3) [Na aanleiding van ’n kennisgewing in subartikel (1) bedoel, moet tyd en] deur gepaste [van tyd tot die] Die Direkteur moet, publikasiemiddels, kennis gee van— (Aa) die deurvoer van ’n resolusie deur die Veiligheidsraad van die Verenigde Nasies in subartikel (1) bedoel; 25 30 35 40 45 50 This gazette is also available free online at www.gpwonline.co.za - 34 Verify source ↗
No. 47815
AI-assisted research summary: The Minister may revoke a notice if satisfied it is no longer needed to give effect to financial sanctions under the relevant UN resolution.
34 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 34 (a) (b) (c) persons and entities being identified from time to time by the Security Council of the United Nations pursuant to a resolution contemplated in subsection (1); [and] a decision of the Security Council of the United Nations to no longer apply a resolution contemplated in subsection (1A) to previously identified persons or entities; and a decision of the Security Council of the United Nations to no longer apply a resolution contemplated in subsection (1A). [(4) The Minister may revoke a notice contemplated in subsection (1) if the Minister is satisfied that the notice is no longer necessary to give effect to financial sanctions in terms of a resolution contemplated in subsection (1).]’’. 5 10 Amendment of section 26B of Act 38 of 2001, as inserted by section 17 of Act 1 of 2017 - 29 Verify source ↗
Section 26B of the Financial Intelligence Centre Act, 2001, is hereby amended—
AI-assisted research summary: This section amends section 26B to prohibit people from dealing with, facilitating, or otherwise acting on property connected to persons or entities identified under a UN Security Council resolution, where they know or should reasonably suspect that connection.
29. Section 26B of the Financial Intelligence Centre Act, 2001, is hereby amended— (a) by the substitution for the words following paragraph (e) of the following 15 words: ‘‘intending that the property, financial or other service or economic support, as the case may be, be used, or while the person knows or ought reasonably to have known or suspected that the property, service or support concerned will be used, directly or indirectly, in whole or in part, for the benefit of, or on behalf of, or at the direction of, or under the control of a person or an entity identified pursuant to a resolution of the Security Council of the United Nations contemplated in [a notice referred to in] section 26A(1).’’; (b) by the substitution for subsection (2) of the following subsection: ‘‘(2) No person may, directly or indirectly, in whole or in part, and by any means or method deal with, enter into or facilitate any transaction or perform any other act in connection with property which such person knows or ought reasonably to have known or suspected to have been acquired, collected, used, possessed, owned or provided for the benefit of, or on behalf of, or at the direction of, or under the control of a person or an entity— (a) identified pursuant to a resolution of the Security Council of the United Nations contemplated in [a notice referred to in] section 26A(1); or (b) acting on behalf of or at the direction of a person or entity contemplated in paragraph (a).’’; and (c) by the substitution in subsection (3) for paragraph (a) of the following paragraph: ‘‘(a) making it possible for a person or an entity identified pursuant to a resolution of the Security Council of the United Nations contem- plated in [a notice referred to in] section 26A(1) to retain or control the property;’’. 20 25 30 35 40 Amendment of section 26C of Act 38 of 2001, as inserted by section 17 of Act 1 of 2017 45 - 30 Verify source ↗
Section 26C of the Financial Intelligence Centre Act, 2001, is hereby amended by
AI-assisted research summary: The Minister may, in writing and subject to stated conditions, permit a person to conduct certain financial services or deal with certain property.
30. Section 26C of the Financial Intelligence Centre Act, 2001, is hereby amended by the substitution for subsection (1) of the following subsection: ‘‘(1) The Minister may, in writing and on the conditions as he or she considers appropriate and in accordance with a resolution of the Security Council of the United Nations contemplated in [a notice referred to in] section 26A(1), permit a person to conduct financial services or deal with property referred to in section 26B in the circumstances referred to in subsection (2).’’. 50 Amendment of section 27A of Act 38 of 2001, as inserted by section 19 of Act 1 of 2017 55 - 31 Verify source ↗
Section 27A of the Financial Intelligence Centre Act, 2001, is hereby amended—
AI-assisted research summary: This section amends section 27A and says the Minister may withdraw a notice if it is no longer needed to give effect to financial sanctions.
31. Section 27A of the Financial Intelligence Centre Act, 2001, is hereby amended— This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Algemene Wette (Teengeldwassery en bekamping van Terrorismefinansiering, 2022 Wet no. 22 van 2022 STAATSKOERANT, 29 DESEMbER 2022 No. 47815 35 35 (a) (b) (c) persone en entiteite wat van tyd tot tyd deur die Veiligheidsraad van die Verenigde Nasies geïdentifiseer word ingevolge ’n resolusie in subartikel (1) beoog; [en] ’n besluit van die Veiligheidsraad om nie ’n resolusie in subartikel (1A) beoog op persone of entiteite wat voorheen geïdentifiseer is, toe te pas nie; en ’n besluit van die Veiligheidsraad van die Verenigde Nasies om nie meer ’n resolusie in subartikel (1A) beoog, toe te pas nie. [(4) Die Minister kan ’n kennisgewing beoog in subartikel (1) intrek indien die Minister oortuig is dat die kennisgewing nie meer nodig is om gevolg te gee aan finansiële sanksies ingevolge ’n resolusie in subartikel (1) beoog nie.]’’. 5 10 Wysiging van artikel 26B van Wet 38 van 2001, soos ingevoeg deur artikel 17 van Wet 1 van 2017 - 29 Verify source ↗
Artikel 26B van die Wet op die Finansiële Intelligensiesentrum, 2001, word
AI-assisted research summary: A person must not deal with, facilitate, or otherwise act in relation to certain property linked to a listed person or entity.
29. Artikel 26B van die Wet op die Finansiële Intelligensiesentrum, 2001, word 15 hierby gewysig— (a) deur die woorde wat op paragraaf (e) volg deur die volgende woorde te vervang: ‘‘met die voorneme dat die eiendom, finansiële of ander diens of ekonomiese ondersteuning, na gelang van die geval, gebruik word, of terwyl die persoon weet of redelikerwys moes geweet of vermoed het dat die betrokke eiendom, diens of ondersteuning gebruik sou word, regstreeks of onregstreeks, in geheel of gedeeltelik, tot voordeel van, of ten behoewe van, of in opdrag van, of onder die beheer van ’n persoon of ‘n entiteit geïdentifiseer ingevolge ’n resolusie van die Veiligheidsraad van die Verenigde Nasies bedoel in [’n kennisgewing in] artikel 26A(1) beoog.’’; (b) deur subartikel (2) deur die volgende subartikel te vervang: ‘‘(2) Geen persoon mag, regstreeks of onregstreeks, in die geheel of gedeeltelik, en op enige wyse of metode ’n transaksie aangaan of vergemaklik of enige ander handeling verrig nie in verband met eiendom wat daardie persoon weet of redelikerwys moes geweet of vermoed het verkry, versamel, gebruik, besit of voorsien is ten bate van, of ten behoewe van, of in opdrag van, of onder die beheer van ’n persoon of ’n entiteit— (a) geïdentifiseer ingevolge ’n resolusie van die Veiligheidsraad van die Verenigde Nasies [in ’n kennisgewing] in artikel 26A(1) bedoel; of (b) handelend ten behoewe van of in opdrag van ’n persoon of entiteit in paragraaf (a) beoog.’’; en ‘‘(a) dit vir ’n persoon of entiteit (c) deur in subartikel (3) paragraaf (a) deur die volgende paragraaf te vervang: ingevolge ’n resolusie van die Veiligheidsraad van die Verenigde Nasies beoog in [’n kennisgewing in] artikel 26A(1) bedoel, moontlik maak om die eiendom te behou of te beheer;’’. 20 25 30 35 40 Wysiging van artikel 26C van Wet 38 van 2001, soos ingevoeg deur artikel 17 van Wet 1 van 2017 45 - 30 Verify source ↗
Artikel 26C van die Wet op die Finansiële Intelligensiesentrum, 2001, word
AI-assisted research summary: The Minister may, in writing and subject to conditions, allow a person to provide financial services or handle property in the listed circumstances.
30. Artikel 26C van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig deur subartikel (1) deur die volgende subartikel te vervang: ‘‘(1) Die Minister kan, op skrif en op die voorwaardes wat hy of sy gepas ag en ooreenkomstig ’n resolusie van die Veiligheidsraad van die Verenigde Nasies beoog in [’n kennisgewing in] artikel 26A(1) bedoel, ’n persoon toelaat om finansiële dienste te lewer of eiendom in artikel 26B bedoel te hanteer in die omstandighede in subartikel (2) bedoel.’’. 50 Wysiging van artikel 27A van Wet 38 van 2001, soos ingevoeg deur artikel 19 van Wet 1 van 2017 55 - 31 Verify source ↗
Artikel 27A van die Wet op die Finansiële Intelligensiesentrum, 2001, word
AI-assisted research summary: This provision amends Article 27A of the Financial Intelligence Centre Act, 2001.
31. Artikel 27A van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig— This gazette is also available free online at www.gpwonline.co.za - 36 Verify source ↗
No. 47815
AI-assisted research summary: A warrant may be issued only if a judge, magistrate, or regional magistrate is satisfied, on oath or affirmation, that there are reasonable grounds to believe the records may help the Centre identify unlawful proceeds or combat money laundering, terrorism-related financing, or proliferation financing.
36 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 36 (a) by the substitution for the heading of the following heading: ‘‘Powers of access by authorised representative to records [in respect of reports required to be submitted to Centre] of accountable institutions’’; and (b) by the substitution for subsection (3) of the following subsection: ‘‘(3) A warrant may only be issued if it appears to the judge, magistrate or regional magistrate from information on oath or affirmation that there the records referred to in are reasonable grounds to believe that subsection (1) may assist the Centre to identify the proceeds of unlawful activities or to combat money laundering activities, [or] the financing of terrorist and related activities or proliferation financing activities.’’. 5 10 Amendment of section 28A of Act 38 of 2001, as amended by section 20(c) of Act 1 of 2017 - 32 Verify source ↗
Section 28A of the Financial Intelligence Centre Act, 2001, is hereby amended by
AI-assisted research summary: This section amends section 28A by replacing paragraph (c) in subsection (1).
32. Section 28A of the Financial Intelligence Centre Act, 2001, is hereby amended by the substitution in subsection (1) for paragraph (c) of the following paragraph: 15 ‘‘(c) a person or an entity identified pursuant to a resolution of the Security Council of the United Nations contemplated in [a notice referred to in] section 26A(1).’’. Amendment of section 34 of Act 38 of 2001, as amended by section 27(1) of Act 33 of 2004, section 9 of Act 11 of 2008 and section 23 of Act 1 of 2017 20 - 33 Verify source ↗
Section 34 of the Financial Intelligence Centre Act, 2001, is hereby amended by
AI-assisted research summary: This section amends section 34 of the Financial Intelligence Centre Act, 2001 by replacing subparagraph (ii) in subsection (1)(a).
33. Section 34 of the Financial Intelligence Centre Act, 2001, is hereby amended by the substitution in paragraph (a) of subsection (1) for subparagraph (ii) of the following subparagraph: ‘‘(ii) property owned or controlled by or on behalf of, or at the direction of a person or entity identified pursuant to a resolution of the Security Council of the United Nations contemplated in [a notice referred to in] section 26A(1); or’’. 25 Amendment of section 35 of Act 38 of 2001, as amended by section 27(1) of Act 33 of 2004 and section 24 of Act 1 of 2017 - 34 Verify source ↗
Section 35 of the Financial Intelligence Centre Act, 2001, is hereby amended—
AI-assisted research summary: This provision amends Section 35 of the Financial Intelligence Centre Act, 2001.
34. Section 35 of the Financial Intelligence Centre Act, 2001, is hereby amended— (a) by the substitution in paragraph (a) of subsection (1) for subparagraph (iii) of 30 the following subparagraph: ‘‘(iii) property owned or controlled by or on behalf of, or at the direction of a person or entity identified pursuant to a resolution of the Security Council of the United Nations contemplated in [a notice referred to in] section 26A(1);’’; and (b) by the substitution in paragraph (b) of subsection (1) for subparagraph (iii) of the following subparagraph: ‘‘(iii) property owned or controlled by or on behalf of, or at the direction of a person or entity identified pursuant to a resolution of the Security Council of the United Nations contemplated in [a notice referred to in] section 26A(1);’’. Amendment of section 36 of Act 38 of 2001, as amended by section 10 of Act 11 of 2008 - 35 Verify source ↗
Section 36 of the Financial Intelligence Centre Act, 2001, is hereby amended by
AI-assisted research summary: The Commissioner for the South African Revenue Service and the chief executive officer of a supervisory body may set reasonable procedures and safeguards for furnishing certain information to protect confidentiality.
35. Section 36 of the Financial Intelligence Centre Act, 2001, is hereby amended by the substitution for subsection (3) of the following subsection: ‘‘(3) The Commissioner for the South African Revenue Service and the chief executive officer of a supervisory body may make such reasonable procedural arrangements and impose such reasonable safeguards regarding the furnishing of information referred to in section 5(2) and subsections (1) and (2) of this section as the Commissioner or such officer considers appropriate to maintain the confiden- tiality, if any, of that information.’’. 35 40 45 50 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Algemene Wette (Teengeldwassery en bekamping van Terrorismefinansiering, 2022 Wet no. 22 van 2022 STAATSKOERANT, 29 DESEMbER 2022 No. 47815 37 37 (a) deur die opskrif deur die volgende opskrif te vervang: ‘‘Toegangsbevoegdhede deur gemagtigde verteenwoordiger tot rekords [ten opsigte van verslae wat aan Sentrum voorgelê moet word] van verantwoordingspligtige instellings’’; en (b) deur subartikel (3) deur die volgende subartikel te vervang: ‘‘(3) ’n Lasbrief kan slegs uitgereik word as dit vir die regter, landdros of streekslanddros uit inligting onder eed of bevestiging blyk dat daar redelike gronde is om te glo dat die rekords in subartikel (1) bedoel, die Sentrum kan help om die opbrengs van onregmatige aktiwiteite te identifiseer of om geldwassery-aktiwiteite, [of] die finansiering van terroriste- en verwante aktiwiteite of proliferasiefinansieringsaktiwiteite te bekamp.’’. Wysiging van artikel 28A van Wet 38 van 2001, soos gewysig deur artikel 20(c) van Wet 1 van 2017 - 32 Verify source ↗
Artikel 28A van die Wet op die Finansiële Intelligensiesentrum, 2001, word
AI-assisted research summary: Section 28A(1)(c) is amended to refer to a person or entity identified because of a United Nations Security Council resolution mentioned in a section 26A(1) notice.
32. Artikel 28A van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig deur in subartikel (1) paragraaf (c) deur die volgende paragraaf te vervang: ‘‘(c) ’n persoon of ’n entiteit geïdentifiseer na aanleiding van ’n resolusie van die Veiligheidsraad van die Verenigde Nasies beoog in [’n kennisgewing in] artikel 26A(1) [bedoel].’’. Wysiging van artikel 34 van Wet 38 van 2001, soos gewysig deur artikel 27(1) van Wet 33 van 2004, artikel 9 van Wet 11 van 2008 en artikel 23 van Wet 1 van 2017 5 10 15 20 - 33 Verify source ↗
Artikel 34 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby
AI-assisted research summary: This section amends Article 34 by replacing one subparagraph with wording about property owned, controlled, held on behalf of, or directed by a person or entity identified under a UN Security Council resolution.
33. Artikel 34 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig deur in paragraaf (a) van subartikel (1) subparagraaf (ii) deur die volgende subparagraaf te vervang: 25 ‘‘(ii) eiendom besit of beheer deur of ten behoewe van, of in opdrag van ’n persoon of entiteit geïdentifiseer na aanleiding van ’n resolusie van die Veiligheidsraad van die Verenigde Nasies beoog in [’n kennisgewing in] artikel 26A(1) [bedoel]; of’’. Wysiging van artikel 35 van Wet 38 van 2001, soos gewysig deur artikel 27(1) van Wet 33 van 2004 en artikel 24 van Wet 1 van 2017 30 - 34 Verify source ↗
Artikel 35 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby
AI-assisted research summary: This section amends Article 35 by replacing two subparagraphs about property owned or controlled by, or held on behalf of, a person or entity identified under a UN Security Council resolution.
34. Artikel 35 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig— (a) deur in paragraaf (a) van subartikel (1) subparagraaf (iii) deur die volgende subparagraaf te vervang: 35 ‘‘(iii) eiendom besit of beheer deur of ten behoewe van, of in opdrag van ’n persoon of entiteit geïdentifiseer na aanleiding van ’n resolusie van die Veiligheidsraad van die Verenigde Nasies beoog [in ’n kennisgewing] in artikel 26A(1) [bedoel],’’; en (b) deur in paragraaf (b) van subartikel (1) subparagraaf (iii) deur die volgende 40 subparagraaf te vervang: ‘‘(iii) eiendom besit of beheer deur of ten behoewe van, of in opdrag van ’n persoon of entiteit geïdentifiseer na aanleiding van ’n resolusie van die Veiligheidsraad van die Verenigde Nasies beoog [in ’n kennisgewing] in artikel 26A(1) [bedoel],’’. 45 Wysiging van artikel 36 van Wet 38 van 2001, soos gewysig deur artikel 10 van Wet 11 of van 2008 - 35 Verify source ↗
Artikel 36 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby
AI-assisted research summary: The Commissioner of SARS and the chief executive officer of a supervisory body may set reasonable procedures and security measures for providing certain information to protect confidentiality.
35. Artikel 36 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig deur subartikel (3) deur die volgende subartikel te vervang: ‘‘(3) Die Kommissaris vir die Suid-Afrikaanse Inkomstediens en die hoof- uitvoerende beampte van ’n toesighoudende liggaam kan die redelike prosedurereëlings tref en die redelike veiligheidsmaatreëls instel aangaande die voorsiening van inligting in artikel 5(2) en subartikels (1) en (2) van hierdie artikel bedoel wat die Kommissaris of sodanige beampte gepas ag om die vertroulikheid, indien daar is, van daardie inligting te handhaaf.’’. 50 55 This gazette is also available free online at www.gpwonline.co.za - 38 Verify source ↗
No. 47815
AI-assisted research summary: This section says section 37 of Act 38 of 2001 is amended, as already amended by section 11 of Act 11 of 2008.
38 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 38 Amendment of section 37 of Act 38 of 2001, as amended by section 11 of Act 11 of 2008 - 36 Verify source ↗
Section 37 of the Financial Intelligence Centre Act, 2001, is hereby amended by
AI-assisted research summary: Secrecy or confidentiality rules do not stop listed institutions or other persons from complying with this Part, Part 4, and Chapter 4, subject to subsection (2).
36. Section 37 of the Financial Intelligence Centre Act, 2001, is hereby amended by the substitution for subsection (1) of the following subsection: ‘‘(1) Subject to subsection (2), no duty of secrecy or confidentiality or any other restriction on the disclosure of information, whether imposed by legislation or arising from the common law or agreement, affects compliance by an accountable institution, supervisory body, reporting institution[, the South African Revenue Service] or any other person with a provision of this Part, Part 4 and Chapter 4.’’. 5 Amendment of section 40 of Act 38 of 2001, as amended by section 27 of Act 33 of 2004, section 13 of Act 11 of 2008 and section 25 of Act 1 of 2017 10 - 37 Verify source ↗
Section 40 of the Financial Intelligence Centre Act, 2001, is hereby amended—
AI-assisted research summary: This section amends section 40 of the Financial Intelligence Centre Act, 2001 by updating the list of entities that may receive certain information.
37. Section 40 of the Financial Intelligence Centre Act, 2001, is hereby amended— (a) by the substitution in subsection (1) for paragraph (aF) of the following paragraph: ‘‘(aF) an investigative division in [an organ of state] a national 15 department;’’; (b) by the substitution in subsection (1) for paragraph (aG) of the following paragraph: ‘‘(aG) the Public Protector; [or]’’; (c) by the substitution in subsection (1) for paragraph (aH) of the following 20 paragraph: ‘‘(aH) the South African Revenue Service; or’’; (d) by the insertion in subsection (1) of the following paragraph after paragraph (aH): ‘‘(aI) the investigative division of the Auditor-General;’’; and 25 (e) by the substitution in subsection (1A) for the words preceding paragraph (a) of the following words: ‘‘(1A) Information contemplated in subsection (1) may only be made available to an entity referred to in subsection (1)(a), (aA), (aB), (aC), (aD), (aE), (aF), (aG), [or] (aH) or (aI)—’’. 30 Amendment of section 41A of Act 38 of 2001, as inserted by section 26 of Act 1 of 2017 - 38 Verify source ↗
Section 41A of the Financial Intelligence Centre Act, 2001, is hereby amended by
AI-assisted research summary: The Minister may set requirements to protect personal information so information can be shared between accountable institutions when needed for section 29 and with adequate safeguards.
38. Section 41A of the Financial Intelligence Centre Act, 2001, is hereby amended by the insertion after subsection (2) of the following subsection: ‘‘(3) The Minister may prescribe requirements for the protection of personal information to facilitate the sharing of information between accountable institu- tions when the sharing of information is necessary for the purposes of carrying out the provisions of section 29, to ensure that adequate safeguards are in place as required by section 6(1)(c) of the Protection of Personal Information Act, 2013.’’. 35 Amendment of section 42 of Act 38 of 2001, as amended by section 27 of Act 1 of 2017 40 - 39 Verify source ↗
Section 42 of the Financial Intelligence Centre Act, 2001, is hereby amended—
AI-assisted research summary: An accountable institution must have a programme for anti-money laundering, counter-terrorist financing and proliferation financing risk management and compliance.
39. Section 42 of the Financial Intelligence Centre Act, 2001, is hereby amended— (a) by the substitution for subsection (1) of the following subsection: ‘‘(1) An accountable institution must develop, document, maintain and implement a programme for anti-money laundering, [and] counter- terrorist financing and proliferation financing risk management and compliance.’’; (b) by the substitution in paragraph (a) of subsection (2) for the words following subparagraph (v) of the following words: ‘‘the risk that the provision by the accountable institution of new and existing products or services may involve or facilitate money laundering activities [or], the financing of terrorist and related activities or proliferation financing activities;’’; (c) by the substitution in subsection (2) for paragraph (i) of the following paragraph: 45 50 55 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Algemene Wette (Teengeldwassery en bekamping van Terrorismefinansiering, 2022 Wet no. 22 van 2022 STAATSKOERANT, 29 DESEMbER 2022 No. 47815 39 39 Wysiging van artikel 37 van Wet 38 van 2001, soos gewysig deur artikel 11 van Wet 11 van 2008 - 36 Verify source ↗
Artikel 37 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby
AI-assisted research summary: This amendment says secrecy or confidentiality rules do not stop certain institutions and persons from complying with specified parts of the Act.
36. Artikel 37 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig deur subartikel (1) deur die volgende subartikel te vervang: (2) ‘‘(1) Behoudens subartikel raak geen plig van geheimhouding of vertroulikheid of enige ander beperking op die openbaarmaking van inligting, hetsy deur wetgewing opgelê of voortspruitend uit die gemene reg of ooreenkoms, nakoming deur ’n verantwoordingspligtige instelling, toesighoudende liggaam, verslagdoeningsinstelling[, die Suid-Afrikaanse Inkomstediens] of enige ander persoon van ’n bepaling van hierdie Deel, Deel 4 en Hoofstuk 4 nie.’’. Wysiging van artikel 40 van Wet 38 van 2001, soos gewysig deur artikel 27 van Wet 33 van 2004, artikel 13 van Wet 11 van 2008 en artikel 25 van Wet 1 van 2017 - 37 Verify source ↗
Artikel 40 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby
AI-assisted research summary: This provision amends article 40 of the Financial Intelligence Centre Act, 2001, by updating the list of entities that may receive information and by revising the wording of subsection (1A).
37. Artikel 40 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig— (a) deur in subartikel (1) paragraaf (aF) deur die volgende paragraaf te vervang: nasionale ondersoekeenheid [staatsorgaan] ‘‘(aF) ’n in ’n departement;’’; 5 10 15 (b) deur in subartikel (1) paragraaf (aG) deur die volgende paragraaf te vervang: ‘‘(aG) die Openbare Beskermer; [of]’’; (c) deur in subartikel (1) paragraaf (aH) deur die volgende paragraaf te vervang: 20 ‘‘(aH) die Suid-Afrikaanse Inkomstediens; of’’; (d) deur die volgende paragraaf na paragraaf (aH) in te voeg: ‘‘(aI) die ondersoekafdeling van die Ouditeur-generaal;’’; en (e) deur in subartikel (1A) die woorde wat paragraaf (a) voorafgaan deur die volgende woorde te vervang: 25 ‘‘(1A) Inligting in subartikel (1) beoog kan slegs voorsien word aan ’n entiteit in subartikel (1)(a), (aA), (aB), (aC), (aD), (aE), (aF), (aG) [of], (aH) of (aI) bedoel—’’. Wysiging van artikel 41A van Wet 38 van 2001, soos ingevoeg deur artikel 26 van Wet 1 van 2017 30 - 38 Verify source ↗
Artikel 41A van die Wet op die Finansiële Intelligensiesentrum, 2001, word
AI-assisted research summary: The Minister may set information-protection requirements to allow sharing between accountable institutions in the circumstances described.
38. Artikel 41A van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig deur die volgende subartikel na subartikel (2) in te voeg: ‘‘(3) Die Minister kan vereistes voorskryf vir die beskerming van persoonlike inligting om die deel van inligting tussen verantwoordingspligtige instellings te vergemaklik wanneer dit nodig is om inligting te deel vir doeleindes van die uitvoer van die bepalings van artikel 29, om te verseker dat genoegsame beskermingsmaatreëls in plek is soos deur artikel 6(1)(c) van die Wet op die Beskerming van Persoonlike Inligting, 2013, vereis.’’. 35 Wysiging van artikel 42 van Wet 38 van 2001, soos gewysig deur artikel 27 van Wet 1 van 2017 40 - 39 Verify source ↗
Artikel 42 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby
AI-assisted research summary: An accountable institution must develop, document, maintain, and implement an anti-money-laundering risk management and compliance program.
39. Artikel 42 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig— (a) deur subartikel (1) deur die volgende subartikel te vervang: ‘‘(1) ’n Verantwoordingspligtige instelling moet ’n [Risikobestuur- risikobestuur- en nakomingsprogram vir teenterrorismefinansiering en proliferasie- en Nakomingsprogram] anti-geldwassery- finansiering ontwikkel, dokumenteer, onderhou en implementeer.’’; [en], (b) deur in paragraaf (a) van subartikel (2) die woorde wat op subparagraaf (v) volg deur die volgende woorde te vervang: ‘‘wat die voorsiening deur die verantwoordingspligtige instelling van nuwe en bestaande produkte of dienste kan behels of geldwassery- aktiwiteite [of], die finansiering van terroriste- en verwante aktiwiteite of proliferasiefinansieringsaktiwiteite kan vergemaklik of behels;’’; (c) deur in subartikel (2) paragraaf (i) deur die volgende paragraaf te vervang: 45 50 This gazette is also available free online at www.gpwonline.co.za - 40 Verify source ↗
No. 47815
AI-assisted research summary: This section updates AML/CFT rules for accountable institutions, especially client verification, due diligence, foreign branches, and group-wide compliance programs.
40 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 40 ‘‘(i) provide for the manner in which and the process by which the institution will confirm information relating to a client when the institution has doubts about the veracity of previously obtained information and when reporting suspicious and unusual transac- tions in accordance with section 21D;’’; (d) by the substitution in subsection (2) for paragraph (l) of the following paragraph: ‘‘(l) provide for the manner in which and the processes by which the accountable institution determines whether a prospective client or an existing client is a foreign [prominent public official] or a domestic politically exposed person or a prominent influential person;’’; (e) by the substitution in subsection (2) for paragraph (m) of the following paragraph: ‘‘(m) provide for the manner in which and the processes by which the accountable institution conducts enhanced due diligence [is con- ducted] for higher-risk single transactions and business relation- ships and when simplified customer due diligence might be permitted in the institution;’’; 5 10 15 (f) by the substitution in subsection (2) for paragraph (q) of the following paragraph: 20 ‘‘(q) provide for the manner in which— (i) the Risk Management and Compliance Programme is implemented in branches, subsidiaries or other operations of the institution in foreign countries so as to enable the institution to comply with its obligations under this Act; (ii) the institution will determine if the host country of a foreign branch, [or] subsidiary or other operation permits the implementation of measures required under this Act; [and] (iii) the institution will inform the Centre and supervisory body concerned if the host country contemplated in subparagraph (ii) does not permit the implementation of measures required under this Act; and (iv) taking into consideration the level of risk of the host country, the institution will apply appropriate additional measures to manage the risks if the host country does not permit the implementation of measures required under this Act;’’; and (g) by the insertion in subsection (2) of the following paragraph after paragraph (q): ‘‘(qA) provide for the manner in which and the processes by which group-wide programmes of an accountable institution for all its branches and majority-owned subsidiaries situated in the Repub- lic is implemented so as to enable the institution to— comply with its obligations under this Act; (i) exchange information with its branches or subsidiaries (ii) relating to the customer due diligence requirements in terms of this Act; exchange information with its branches or subsidiaries relating to the analysis of transactions or activities which the institution suspects to be suspicious or unusual as contem- plated in section 29; and (iii) (iv) have adequate safeguards to protect the confidentiality of information exchanged in accordance with this paragraph and this Act.’’. 25 30 35 40 45 50 Amendment of section 49A of Act 38 of 2001, as inserted by section 39 of Act 1 of 2007 55 - 40 Verify source ↗
Section 49A of the Financial Intelligence Centre Act, 2001, is hereby amended by
AI-assisted research summary: This provision amends section 49A to require rules on client verification, PEP checks, enhanced due diligence, foreign-branch compliance, and group-wide information sharing with confidentiality safeguards.
40. Section 49A of the Financial Intelligence Centre Act, 2001, is hereby amended by the addition of the following subsection, the existing provision becoming subsection (1): This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Algemene Wette (Teengeldwassery en bekamping van Terrorismefinansiering, 2022 Wet no. 22 van 2022 STAATSKOERANT, 29 DESEMbER 2022 No. 47815 41 41 ‘‘(i) voorsiening maak vir die wyse waarop en die prosesse waarvolgens die instelling inligting oor ’n kliënt sal bevestig wanneer die instelling twyfel oor die geloofwaardigheid van inligting wat voorheen verkry is en wanneer verdagte en ongewone transaksies ingevolge artikel 21D gerapporteer word;’’; (d) deur in subartikel (2) paragraaf (l) deur die volgende paragraaf te vervang: ‘‘(l) voorsiening maak vir die wyse waarop en die prosesse waarvolgens die verantwoordingspligtige instelling bepaal of ’n voornemende kliënt of ’n bestaande kliënt ’n [buitelandse-vooraanstaande- openbare-beampte] buitelandse politiesblootgesteldepersoon of ’n [binnelandse-vooraanstaande-invloedryke-persoon] binne- landse politiesblootgesteldepersoon of ’n vooraanstaande persoon met invloed is;’’; (e) deur in subartikel (2) paragraaf (m) deur die volgende paragraaf te vervang: ‘‘(m) voorsiening maak vir die wyse waarop en die prosesse waarvolgens die verantwoordingspligtige instelling verbeterde omsigtigheid [gedoen word] uitvoer vir hoër-risiko [verhoudings] enkel- transaksies en sakeverhoudings en wanneer vereenvoudigde klante-omsigtigheid in die instelling toegelaat kan word;’’; 5 10 15 (f) deur paragraaf (q) in subartikel (2) deur die volgende paragraaf te vervang: 20 ‘‘(q) voorsiening maak vir die wyse waarop— (i) die Risikobestuur- en Nakomingsprogram in takke, filiale of ander bedrywe van die instelling in die buiteland geïmplementeer word ten einde die instelling in staat te stel om sy verpligtinge kragtens hierdie Wet na te kom; (ii) die instelling sal vasstel of die gasheerland van ’n buitelandse die implementering van maatreëls kragtens hierdie Wet vereis, toelaat; [en] [of], filiaal bedryf ander tak of (iii) die instelling sal die Sentrum en betrokke toesighoudende liggaam inlig as die gasheerland in subparagraaf (ii) bedoel nie die implementering van maatreëls kragtens hierdie Wet vereis, toelaat nie; en (iv) met inagneming van die risikovlak van die gasheerland, sal die instelling gepaste bykomende maatreëls toepas om die risiko’s te bestuur as die gasheerland nie die instelling van maatreëls kragtens hierdie Wet vereis, toelaat nie;’’; en (g) deur die volgende paragraaf na paragraaf (q) in subartikel (2) in te voeg: ‘‘(qA) voorsiening maak vir die wyse waarop en die prosesse waarmee groepwyeprogramme van ’n verantwoordingspligtige instelling vir al hul takke en filiale in meerderheidsbesit in die Republiek geleë, geïmplementeer word ten einde die instelling in staat te stel om— (i) te voldoen aan die instelling se verpligtinge kragtens hierdie Wet; inligting met hul klante-omsigtigheidsvereistes ingevolge hierdie Wet; inligting met hul takke of filiale uit te ruil oor die analise van transaksies of aktiwiteite wat die instelling vermoed verdag of ongewoon te wees soos in artikel 29 beoog; en takke of filiale uit te ruil oor die (ii) (iii) 25 30 35 40 45 50 (iv) voldoende veiligheidsmaatreëls te hê om die vertroulikheid van inligting te beskerm wat ooreenkomstig hierdie paragraaf en hierdie Wet uitgeruil word.’’. Wysiging van artikel 49A van Wet 38 van 2001, soos ingevoeg deur artikel 39 van Wet 1 van 2007 55 - 40 Verify source ↗
Artikel 49A van die Wet op die Finansiële Intelligensiesentrum, 2001, word
AI-assisted research summary: This section amends Article 49A of the Financial Intelligence Centre Act, 2001 by adding a new subsection and making the existing text subsection (1).
40. Artikel 49A van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig deur die volgende subartikel by te voeg, sodat die bestaande bepaling subartikel (1) word: This gazette is also available free online at www.gpwonline.co.za - 42 Verify source ↗
No. 47815
AI-assisted research summary: If an accountable institution, reporting institution, or any other person fails to comply with section 26B, they are non-compliant and may face an administrative sanction.
42 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 42 ‘‘(2) An accountable institution, reporting institution or any other person that fails to comply with a provision of section 26B is non-compliant and is subject to an administrative sanction.’’. Amendment of section 50 of Act 38 of 2001, as amended by section 40 of Act 1 of 2017 5 - 41 Verify source ↗
Section 50 of the Financial Intelligence Centre Act, 2001, is hereby amended by
AI-assisted research summary: A listed person must inform the Centre as required by section 27; failing to do so makes the person non-compliant and exposes them to an administrative sanction.
41. Section 50 of the Financial Intelligence Centre Act, 2001, is hereby amended by the addition of the following subsection, the existing provision becoming subsection (1): ‘‘(2) An accountable institution, reporting institution or any other person that fails to inform the Centre in accordance with section 27 is non-compliant and is subject to an administrative sanction.’’. Amendment of section 52 of Act 38 of 2001 - 42 Verify source ↗
Section 52 of the Financial Intelligence Centre Act, 2001, is hereby amended by
AI-assisted research summary: Certain institutions and persons must report prescribed suspicious-transaction information to the Centre within the prescribed period, or they face an administrative sanction.
42. Section 52 of the Financial Intelligence Centre Act, 2001, is hereby amended by the addition of the following subsections after subsection (2): ‘‘(3) An accountable institution, reporting institution or any other person that to the Centre the prescribed fails, within the prescribed period, information in respect of a suspicious or unusual transaction or series of transactions or enquiry in accordance with section 29(1) or (2), is non-compliant and is subject to an administrative sanction. to report (4) An accountable institution, reporting institution or any other person that reasonably ought to have known or suspected that any of the facts referred to in section 29(1)(a), (b) or (c) or section 29(2) exists, and who negligently fails to report the prescribed information in respect of a suspicious or unusual transaction or series of transactions or enquiry, to an administrative sanction.’’. is non-compliant and is subject 10 15 20 Substitution of section 57 of Act 38 of 2001, as amended by section 20 of Act 11 of 2008 25 - 43 Verify source ↗
The following section is hereby substituted for section 57 of the Financial
AI-assisted research summary: Accountable institutions, reporting institutions, or any other person must comply with certain requests or face an offence and an administrative sanction.
43. The following section is hereby substituted for section 57 of the Financial Intelligence Centre Act, 2001: ‘‘Failure to comply with request 57. (1) An accountable institution, reporting institution or any other 30 person that fails to comply with a request made by— (a) the Centre [or an investigating authority acting under the author- ity of an authorised officer] in terms of section 32(2); or (b) a supervisory body in terms of section 45(1B)(d), is guilty of an offence. (2) An accountable institution, reporting institution or any other the Centre in terms of section 32(2); or person that fails to comply with a request made by— (a) (b) a supervisory body in terms of section 45(1B)(d), is non-compliant and is subject to an administrative sanction.’’. Amendment of section 59 of Act 38 of 2001 - 44 Verify source ↗
Section 59 of the Financial Intelligence Centre Act, 2001, is hereby amended by
AI-assisted research summary: This amendment says an accountable institution that does not comply with a judge’s order under section 35 is non-compliant and can face an administrative sanction.
44. Section 59 of the Financial Intelligence Centre Act, 2001, is hereby amended by the addition of the following subsection, the existing provision becoming subsection (1): ‘‘(2) An accountable institution that fails to comply with an order by a judge in accordance with section 35 is non-compliant and is subject to an administrative sanction.’’. 35 40 45 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Algemene Wette (Teengeldwassery en bekamping van Terrorismefinansiering, 2022 Wet no. 22 van 2022 STAATSKOERANT, 29 DESEMbER 2022 No. 47815 43 43 ‘‘(2) ’n Verantwoordingspligtige instelling, verslagdoeningsinstelling of enige ander persoon wat versuim om te voldoen aan ’n bepaling van artikel 26B is nienakomend en is onderhewig aan ’n administratiewe sanksie.’’. Wysiging van artikel 50 van Wet 38 van 2001, soos gewysig deur artikel 40 van Wet 1 van 2017 5 - 41 Verify source ↗
Artikel 50 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby
AI-assisted research summary: Certain institutions or other persons who fail to comply with article 27 are noncompliant and subject to an administrative sanction.
41. Artikel 50 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig deur die volgende subartikel by te voeg, sodat die bestaande bepaling subartikel (1) word: ‘‘(2) ’n Verantwoordingspligtige instelling, verslagdoeningsinstelling of enige ander persoon wat versuim om te voldoen aan ’n bepaling van artikel 27 is nienakomend en is onderhewig aan ’n administratiewe sanksie.’’. 10 Wysiging van artikel 52 van Wet 38 van 2001 - 42 Verify source ↗
Artikel 52 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby
AI-assisted research summary: Certain institutions and other persons must report prescribed suspicious, unusual, or series-of-transactions information to the Centre within the prescribed time, or face an administrative sanction.
42. Artikel 52 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig deur die volgende subartikels na subartikel (2) in te voeg: ‘‘(3) ’n Verantwoordingspligtige instelling, verslagdoeningsinstelling of enige ander persoon wat versuim, binne die voorgeskrewe tydperk, om die voorgeskrewe inligting oor ’n verdagte of ongewone of reeks transaksies of navraag by die Sentrum te rapporteer ooreenkomstig artikel 29(1) of (2), is nienakomend en is onderhewig aan ’n administratiewe sanksie. (4) ’n Verantwoordingspligtige instelling, verslagdoeningsinstelling of enige ander persoon wat redelik moes geweet het of vermoed het dat enige van die feite bedoel in artikel 29(1)(a), (b) of (c) of artikel 29(2) bestaan, en wat nalatig versuim om die voorgeskrewe inligting ten opsigte van ’n verdagte of ongewone transaksie of reeks transaksies of navraag te rapporteer, is nienakomend en is onderhewig aan ’n administratiewe sanksie.’’. Vervanging van artikel 57 van Wet 38 van 2001, soos gewysig deur artikel 20 van Wet 11 van 2008 - 43 Verify source ↗
Artikel 57 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby
AI-assisted research summary: Article 57 is replaced. Certain accountable institutions, reporting institutions, or other persons commit an offence, and are also subject to an administrative sanction, if they fail to comply with a request from the Centre or a supervisory body.
43. Artikel 57 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby deur die volgende artikel vervang: ‘‘Versuim om aan versoek te voldoen 57. (1) ’n Verantwoordingspligtige instelling, verslagdoeningsinstelling of enige ander persoon wat versuim om te voldoen aan ’n versoek gerig deur— (a) die Sentrum [of ’n ondersoekowerheid wat onder die gesag van ’n gemagtigde beampte] optree ingevolge artikel 32(2); of ’n toesighoudende liggaam ingevolge artikel 45(1B)(d), (b) is aan ’n misdryf skuldig. (2) ’n Verantwoordingspligtige instelling, verslagdoeningsinstelling of enige ander persoon wat versuim om te voldoen aan ’n versoek deur— (a) die Sentrum ingevolge artikel 32(2); of ’n toesighoudende liggaam ingevolge artikel 45(1B)(d), (b) is nienakomend en is onderhewig aan ’n administratiewe sanksie.’’. 15 20 25 30 35 40 Wysiging van artikel 59 van Wet 38 van 2001 - 44 Verify source ↗
Artikel 59 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby
AI-assisted research summary: A responsible institution that does not comply with a judge’s order under section 35 may be treated as noncompliant and face an administrative sanction.
44. Artikel 59 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig deur die volgende subartikel by te voeg, sodat die bestaande bepaling subartikel (1) word: 45 ‘‘(2) ’n Verantwoordingspligtige instelling wat versuim om aan ’n bevel van ’n regter ooreenkomstig artikel 35 te voldoen, is nienakomend en is onderhewig aan ’n administratiewe sanksie.’’. This gazette is also available free online at www.gpwonline.co.za - 44 Verify source ↗
No. 47815
AI-assisted research summary: This text is a section heading for an amendment to section 64 of Act 38 of 2001.
44 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 Amendment of section 64 of Act 38 of 2001 44 - 45 Verify source ↗
Section 64 of the Financial Intelligence Centre Act, 2001, is hereby amended by
AI-assisted research summary: This provision adds a rule that prohibits structuring two or more transactions to avoid a reporting duty, and says such conduct is non-compliant and may lead to an administrative sanction.
45. Section 64 of the Financial Intelligence Centre Act, 2001, is hereby amended by the addition of the following subsection, the existing provision becoming subsection (1): ‘‘(2) An accountable institution, reporting institution or any other person that conducts, or causes to be conducted, two or more transactions with the purpose, in whole or in part, of avoiding giving rise to a reporting duty under this Act is non-compliant and is subject to an administrative sanction.’’. Amendment of section 75 of Act 38 of 2001, as amended by section 54 of Act 1 of 2017 - 46 Verify source ↗
Section 75 of the Financial Intelligence Centre Act, 2001, is hereby amended by
AI-assisted research summary: The Minister may add or remove bodies or functionaries from the supervisory list for accountable institutions.
46. Section 75 of the Financial Intelligence Centre Act, 2001, is hereby amended by the substitution in subsection (1) for paragraphs (a) and (b) of the following paragraphs: ‘‘(a) add to the list any entity or functionary which [performs supervisory or regulatory functions] will be responsible for supervising and enforcing compliance with this Act or any order, determination or directive made in terms of this Act in relation to any category of accountable institutions; (b) delete any supervisory body from the list if the Minister reasonably believes that supervisory body is not satisfactorily performing or no longer performs supervisory or [regulatory] enforcement functions in terms of this Act in relation to any category of accountable institutions; or’’. 5 10 15 Amendment of section 79A of Act 38 of 2001, as amended by section 58 of Act 1 of 2017 20 - 47 Verify source ↗
Section 79A of the Financial Intelligence Centre Act, 2001, is hereby amended—
AI-assisted research summary: The Minister may amend the Schedule 3A list of domestic politically exposed persons by notice in the Gazette.
47. Section 79A of the Financial Intelligence Centre Act, 2001, is hereby amended— (a) by the substitution for the heading of the following heading: ‘‘Amendment of list of domestic [prominent influential] politically exposed persons’’; and 25 (b) by the substitution in subsection (1) for the words preceding paragraph (a) of the following words: ‘‘The Minister may, by notice in the Gazette, amend the list of domestic [prominent influential] politically exposed persons in Schedule 3A to—’’. 30 Amendment of section 79B of Act 38 of 2001, as amended by section 58 of Act 1 of 2017 - 48 Verify source ↗
Section 79B of the Financial Intelligence Centre Act, 2001, is hereby amended—
AI-assisted research summary: This section amends Section 79B and lets the Minister change the Schedule 3B list of foreign politically exposed persons by notice in the Gazette.
48. Section 79B of the Financial Intelligence Centre Act, 2001, is hereby amended— (a) by the substitution for the heading of the following heading: ‘‘Amendment of list of foreign [prominent public officials] politically exposed persons’’; and 35 (b) by the substitution in subsection (1) for the words preceding paragraph (a) of the following words: ‘‘The Minister may, by notice in the Gazette, amend the list of foreign [prominent public officials] politically exposed persons in Schedule 3B to—’’. 40 Insertion of section 79C in Act 38 of 2001 - 49 Verify source ↗
The following section is hereby inserted after section 79B of the Financial
AI-assisted research summary: This section inserts a new section after section 79B of the Financial Intelligence Centre Act, 2001.
49. The following section is hereby inserted after section 79B of the Financial Intelligence Centre Act, 2001: This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Algemene Wette (Teengeldwassery en bekamping van Terrorismefinansiering, 2022 Wet no. 22 van 2022 STAATSKOERANT, 29 DESEMbER 2022 No. 47815 45 Wysiging van artikel 64 van Wet 38 van 2001 45 - 45 Verify source ↗
Artikel 64 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby
AI-assisted research summary: Certain institutions and other persons must not split or arrange two or more transactions to avoid a reporting duty under the Act.
45. Artikel 64 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig deur die volgende subartikel by te voeg, sodat die bestaande bepaling subartikel (1) word: ‘‘(2) ’n Verantwoordingspligtige instelling, verslagdoeningsinstelling of enige ander persoon wat twee of meer transaksies doen of laat doen, met die doel, gedeeltelik of in die geheel, om te vermy dat ’n verslagdoeningsplig kragtens hierdie Wet ontstaan, is nienakomend en is onderhewig aan ’n administratiewe sanksie.’’. 5 Wysiging van artikel 75 van Wet 38 van 2001, soos gewysig deur artikel 54 van Wet 1 van 2017 10 - 46 Verify source ↗
Artikel 75 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby
AI-assisted research summary: This section amends article 75 by changing who may be listed as a supervisory body and when a body may be removed from the list.
46. Artikel 75 van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig deur in subartikel (1) paragrawe (a) en (b) deur die volgende paragrawe te vervang: ‘‘(a) enige entiteit of funksionaris wat [toesighoudende of regulerings- werksaamhede] sal verantwoordelik wees vir toesig oor en afdwinging van voldoening aan hierdie Wet of enige bevel, vasstelling of voorskrif ingevolge enige kategorie verant- hierdie Wet gemaak met betrekking tot woordingspligtige instellings [verrig], by die lys te voeg; (b) enige toesighoudende liggaam uit die lys te skrap indien die Minister redelikerwys glo daardie toesighoudende liggaam nie meer toesighoudende of [reguleringswerksaamhede] afdwingingswerksaamhede ingevolge hierdie Wet met betrekking tot enige kategorie verantwoordingspligtige instellings verrig of bevredigend verrig nie; of’’. 15 20 Wysiging van artikel 79A van Wet 38 van 2001, soos gewysig deur artikel 58 van Wet 1 van 2017 25 - 47 Verify source ↗
Artikel 79A van die Wet op die Finansiële Intelligensiesentrum, 2001, word
AI-assisted research summary: The Minister may, by notice in the Gazette, amend the list of domestic politically exposed persons in Schedule 3A.
47. Artikel 79A van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig— (a) deur die opskrif deur die volgende opskrif te vervang: ‘‘Wysiging van lys van [binnelandse-vooraanstaande-invloedryke- persone] binnelandse politiesblootgesteldepersone’’; en 30 (b) deur in subartikel (1) die woorde wat paragraaf (a) voorafgaan deur die volgende woorde te vervang: ‘‘Die Minister kan, by kennisgewing in die Staatskoerant, die lys van binnelandse [binnelandse-vooraanstaande-invloedryke-persone] politiesblootgesteldepersone in Bylae 3A wysig om—’’. 35 Wysiging van artikel 79B van Wet 38 van 2001, soos gewysig deur artikel 58 van Wet 1 van 2017 - 48 Verify source ↗
Artikel 79B van die Wet op die Finansiële Intelligensiesentrum, 2001, word
AI-assisted research summary: The Minister may amend the list of foreign politically exposed persons in Schedule 3B by notice in the Gazette.
48. Artikel 79B van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig— (a) deur die opskrif deur die volgende opskrif te vervang: ‘‘Wysiging van lys van [buitelandse-vooraanstaande-openbare- beamptes] buitelandse politiesblootgesteldepersone’’; en (b) deur in subartikel (1) die woorde wat paragraaf (a) voorafgaan deur die volgende woorde te vervang: ‘‘Die Minister kan, by kennisgewing in die Staatskoerant, die lys van buitelandse [buitelandse-vooraanstaande-openbare-beamptes] politiesblootgesteldepersone in Bylae 3B wysig om—’’. 40 45 Invoeging van artikel 79C in Wet 38 van 2001 - 49 Verify source ↗
Die volgende artikel word na artikel 79B van die Wet op die Finansiële
AI-assisted research summary: This text says a new article is inserted after section 79B of the Financial Intelligence Centre Act, 2001.
49. Die volgende artikel word na artikel 79B van die Wet op die Finansiële 50 Intelligensiesentrum, 2001, ingevoeg: This gazette is also available free online at www.gpwonline.co.za - 46 Verify source ↗
No. 47815
AI-assisted research summary: The Minister may change the Schedule 3C list of prominent influential persons by Gazette notice, but must first give notice, invite submissions, consider them, and get Parliament’s approval for additions or deletions before publication.
46 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 ‘‘Amendment of list of prominent influential persons 46 79C. (1) The Minister may, by notice in the Gazette, amend the list of prominent influential persons in Schedule 3C to— (a) add to the list any person or category of persons; (b) delete any person or category of persons from the list; or (c) make technical changes to the list. (2) Before the Minister amends Schedule 3C in terms of subsection (1), the Minister must— (a) in the Gazette, give notice where a draft of the amendments will be available and invite submissions; and (b) consider submissions received. (3) Any addition to or deletion from the list of persons in Schedule 3C in terms of subsection (1) must, before publication in the Gazette, be submitted to Parliament for its approval.’’. 5 10 Amendment of Schedule 2 to Act 38 of 2001, as amended by Government Notice No. 1105 of 2010 15 - 50 Verify source ↗
Schedule 2 to the Financial Intelligence Centre Act, 2001, is hereby amended by
AI-assisted research summary: This provision amends Schedule 2 to the Financial Intelligence Centre Act, 2001 by deleting items 4 and 9.
50. Schedule 2 to the Financial Intelligence Centre Act, 2001, is hereby amended by the deletion of items 4 and 9. Amendment of Schedule 3A to Act 38 of 2001, as inserted by section 59 of Act 1 of 2017 20 - 51 Verify source ↗
Schedule 3A to the Financial Intelligence Centre Act, 2001, is hereby amended—
AI-assisted research summary: This section amends Schedule 3A so that the heading and wording for “domestic politically exposed person” are revised.
51. Schedule 3A to the Financial Intelligence Centre Act, 2001, is hereby amended— (a) by the substitution for the heading of the following heading: ‘‘DOMESTIC [PROMINENT INFLUENTIAL] POLITICALLY EXPOSED PERSON’’; (b) by the substitution for the words preceding paragraph (a) of the following 25 words: ‘‘A domestic [prominent influential] politically exposed person is an individual who [holds, including in an acting position for a period exceeding six months, or has held at any time in the preceding 12 months, in the Republic]—’’; (c) by the substitution in paragraph (a) for the words preceding subparagraph (i) of the following words: ‘‘holds, including in an acting position for a period exceeding six months, or has held a prominent public function in the Republic, including that of—’’; (d) by the substitution in paragraph (a) for subparagraph (xiv) of the following subparagraph: ‘‘(xiv) an officer of the South African National Defence Force above the rank of major-general; or’’; (e) by the deletion of paragraph (b); and (f) by the substitution for paragraph (c) of the following paragraph: ‘‘(c) holds, including in an acting position for a period exceeding six months, or has held the position of head, or other executive directly accountable to that head, of an international organisation [based in the Republic].’’. 30 35 40 45 Amendment of Schedule 3B to Act 38 of 2001, as inserted by section 59 of Act 1 of 2017 - 52 Verify source ↗
Schedule 3B to the Financial Intelligence Centre Act, 2001, is hereby amended—
AI-assisted research summary: The Minister may amend the Schedule 3C list by Gazette notice, but must first invite and consider submissions, and any addition or deletion must be submitted to Parliament for approval before publication.
52. Schedule 3B to the Financial Intelligence Centre Act, 2001, is hereby amended— (a) by the substitution for the heading of the following heading: ‘‘FOREIGN [PROMINENT PUBLIC OFFICIAL] POLITICALLY EXPOSED PERSON’’; and 50 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Algemene Wette (Teengeldwassery en bekamping van Terrorismefinansiering, 2022 Wet no. 22 van 2022 STAATSKOERANT, 29 DESEMbER 2022 No. 47815 47 47 ‘‘Wysiging van lys van vooraanstaande invloedryke persone 79C. (1) Die Minister kan, by kennisgewing in die Staatskoerant, die lys van vooraanstaande invloedryke persone in Bylae 3C wysig om— (a) enige persoon of kategorie van persone by die lys te voeg; (b) enige persoon of kategorie van persone van die lys te skrap; of (c) tegniese veranderinge aan die lys aan te bring. (2) Voor die Minister Bylae 3C ingevolge subartikel (1) wysig, moet die Minister— (a) in die Staatskoerant kennis gee waar ’n konsep van die wysigings beskikbaar sal wees en voorleggings vra; en (b) voorleggings wat ontvang is, oorweeg. (3) Enige byvoeging of skrapping van die lys van persone in Bylae 3C ingevolge subartikel (1) moet, voor publikasie in die Staatskoerant, aan die Parlement voorgelê word vir goedkeuring.’’. 5 10 Wysigng Goewermentskennisgewing No. 1105 van 2010 2 by Wet van Bylae 38 van 2001, soos gewysig deur 15 - 50 Verify source ↗
Bylae 2 by die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby
AI-assisted research summary: This section amends Schedule 2 to the Financial Intelligence Centre Act, 2001, by deleting items 4 and 9.
50. Bylae 2 by die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig deur items 4 en 9 te skrap. Wysiging van Bylae 3A by Wet 38 van 2001, soos deur artikel 59 van Wet 1 van 2017 ingevoeg 20 - 51 Verify source ↗
Bylae 3A by die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby
AI-assisted research summary: This provision amends Schedule 3A to the Financial Intelligence Centre Act, 2001.
51. Bylae 3A by die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig— (a) deur die opskrif deur die volgende opskrif te vervang: ‘‘[BINNELANDSE-VOORAANSTAANDE-INVLOEDRYKE- PERSOON] BINNELANDSE POLITIESBLOOTGESTELDE- PERSOON’’; (b) deur die woorde wat paragraaf (a) voorafgaan deur die volgende woorde te vervang: ‘‘ ’n landse politiesblootgesteldepersoon is Republiek]—’’; [Binnelandse-vooraanstaande-invloedryke-persoon] Binne- [in die ’n individu wat (c) deur in paragraaf (a) die woorde wat subparagraaf (i) voorafgaan deur die volgende woorde te vervang: ‘‘ ’n vooraanstaande openbare funksie in die Republiek beklee of beklee het, insluitend in ’n waarnemende posisie vir ’n tydperk van meer as ses maande, met inbegrip van dié van—’’; (d) deur in paragraaf (a) subparagraaf (xiv) deur die volgende subparagraaf te vervang: ‘‘(xiv) ’n offisier van die Suid-Afrikaanse Nasionale Weermag bo die rang van majoor-generaal; of’’; (e) deur paragraaf (b) te skrap; (f) deur paragraaf (c) deur die volgende paragraaf te vervang: ‘‘(c) die posisie van hoof, of ander uitvoerende beampte regstreeks verantwoordbaar aan daardie hoof, van ’n internasionale organisasie [in die Republiek gebaseer.] beklee, met inbegrip van in ’n waarnemende posisie vir ’n typerk van meer as ses maande.’’; en (g) deur die woorde wat op paragraaf (c) volg te skrap. 25 30 35 40 45 Wysiging van Bylae 3B by Wet 38 van 2001, soos ingevoeg deur artikel 59 van Wet 1 van 2017 50 - 52 Verify source ↗
Bylae 3B by die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby
AI-assisted research summary: This section amends the heading of Schedule 3B in the Financial Intelligence Centre Act, 2001, by replacing the existing heading with a new one.
52. Bylae 3B by die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby gewysig— (a) deur die opskrif deur die volgende opskrif te vervang: ‘‘[BUITELANDSE-VOORAANSTAANDE-OPENBARE- BEAMPTE] BUITELANDSE POLITIESBLOOTGESTELDE- PERSOON’’; en 55 This gazette is also available free online at www.gpwonline.co.za - 48 Verify source ↗
No. 47815
AI-assisted research summary: This section replaces the definition of “foreign politically exposed person.”
48 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 48 (b) by the substitution for the words preceding paragraph (a) of the following words: ‘‘A foreign [prominent public official] politically exposed person is an individual who holds, or has held [at any time in the preceding 12 months], in any foreign country a prominent public function including that of a—’’. 5 Insertion of Schedule 3C in Act 38 of 2001 - 53 Verify source ↗
The following schedule is hereby inserted after Schedule 3B to the Financial
AI-assisted research summary: This section inserts a schedule defining when an individual is a “prominent influential person.”
53. The following schedule is hereby inserted after Schedule 3B to the Financial Intelligence Centre Act, 2001: ‘‘Schedule 3C PROMINENT INFLUENTIAL PERSON A prominent influential person is an individual who holds, or has held executive officer; or at any time in the preceding 12 months, the position of— (a) chairperson of the board of directors; (b) chairperson of the audit committee; (c) (d) chief financial officer, of a company, as defined in the Companies Act, 2008 (Act No. 71 of 2008), if the company provides goods or services to an organ of state and the annual transactional value of the goods or services or both exceeds an amount determined by the Minister by notice in the Gazette.’’. Substitution of Index of Act 38 of 2001 - 54 Verify source ↗
The Index of the Financial Intelligence Centre Act, 2001, is hereby substituted by
AI-assisted research summary: The Index of the Financial Intelligence Centre Act, 2001 is replaced with a new index starting with “Arrangement of Sections” and “Definitions” as section 1.
54. The Index of the Financial Intelligence Centre Act, 2001, is hereby substituted by the following: ‘‘ARRANGEMENT OF SECTIONS Definitions 1. - 1A Verify source ↗
Application of Act when in conflict with other laws
AI-assisted research summary: Section heading on how the Act applies when it conflicts with other laws; the chapter lists Financial Intelligence Centre topics including establishment, objectives, functions, general powers, appointment and removal of the Director, acting Director, and proof of appointment.
1A. Application of Act when in conflict with other laws CHAPTER 1 FINANCIAL INTELLIGENCE CENTRE Establishment 2. Objectives 3. Functions 4. General powers 5. Appointment of Director 6. Removal from office 7. Acting Director 8. 9. Proof of appointment
Part
CHAPTER 1
- 10 Verify source ↗
Responsibilities of Director
AI-assisted research summary: This provision is titled “Responsibilities of Director.”
10. Responsibilities of Director 11. 12. 13. 14. - 16 Verify source ↗
Delegation
AI-assisted research summary: This provision appears to deal with delegation and related amendments, including a definition of a foreign politically exposed person.
16. Delegation Staff Security screening of staff of Centre other than Director Security screening of Director of Centre Funds and financial year of Centre CHAPTER 2 17. 18. 19. 20. . . . . . . . . . . . . 10 15 20 25 30 35 40 45 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Algemene Wette (Teengeldwassery en bekamping van Terrorismefinansiering, 2022 Wet no. 22 van 2022 STAATSKOERANT, 29 DESEMbER 2022 No. 47815 49 49 (b) deur die woorde wat paragraaf (a) voorafgaan deur die volgende woorde te vervang: ‘‘ ’n [Buitelandse-vooraanstaande-openbare-beampte] Buitelandse politiesblootgesteldepersoon is ’n individu wat [te eniger tyd in die voorafgaande 12 maande] in enige vreemde land ’n vooraanstaande openbare funksie beklee of beklee het, met inbegrip van dié van—’’. 5 Invoeging van Bylae 3C in Wet 38 van 2001
Part
CHAPTER 2
- 53 Verify source ↗
Die volgende bylae word hierby na Bylae 3B by die Wet op die Finansiële
AI-assisted research summary: This provision inserts Schedule 3C, defining a “vooraanstaande persoon met invloed” for companies that supply goods or services to a state organ and meet a transaction-value threshold set by the Minister.
53. Die volgende bylae word hierby na Bylae 3B by die Wet op die Finansiële Intelligensiesentrum, 2001, ingevoeg: ‘‘Bylae 3C VOORAANSTAANDE PERSOON MET INVLOED ’n Vooraanstaande persoon met invloed wat die posisie van— (a) voorsitter van die direksie; (b) voorsitter van die ouditkomitee; (c) uitvoerende beampte; of (d) hoof- finansiële beampte, van ’n maatskappy beklee of te eniger tyd in die voorafgaande 12 maande beklee het, soos omskryf in die Maatskappywet, 2008 (Wet No. 71 van 2008), indien die maatskappy goedere of dienste aan ’n staatsorgaan voorsien en die jaarlikse transaksiewaarde van die goedere of dienste of beide ’n bedrag oorskry soos deur die Minister by kennisgewing in die Staatskoerant vasgestel.’’. Vervanging van Inhoudsopgawe van Wet 38 van 2001 - 54 Verify source ↗
Die Inhoudsopgawe van die Wet op die Finansiële Intelligensiesentrum, 2001,
AI-assisted research summary: Section 54 replaces the table of contents of the Act on the Financial Intelligence Centre, 2001, with a new contents heading.
54. Die Inhoudsopgawe van die Wet op die Finansiële Intelligensiesentrum, 2001, word hierby deur die volgende vervang: ‘‘INDELING VAN ARTIKELS - 1A Verify source ↗
Toepassing van Wet wanneer strydig met ander wette
AI-assisted research summary: This section concerns how the Act applies when it conflicts with other laws.
1A. Toepassing van Wet wanneer strydig met ander wette HOOFSTUK 1 FINANSIËLE INTELLIGENSIESENTRUM Instelling 2. 3. Oogmerke - 4 Verify source ↗
Werksaamhede
AI-assisted research summary: Section headings refer to activities, general powers, appointment of a director, and exemption from office.
4. Werksaamhede 5. Algemene bevoegdhede 6. Aanstelling van Direkteur Ontheffing van amp 7. - 8 Verify source ↗
Waarnemende Direkteur
AI-assisted research summary: Section heading: Acting Director.
8. Waarnemende Direkteur 9. - 10 Verify source ↗
Verantwoordelikhede van Direkteur
AI-assisted research summary: Section heading: responsibilities of a director.
10. Verantwoordelikhede van Direkteur 11. 12. 13. 14. - 16 Verify source ↗
Delegering
AI-assisted research summary: This section appears to be a heading and fragmentary index text about delegation, proof of appointment, personnel security screening, the Director, funds, and the financial year.
16. Delegering Bewys van aanstelling Personeel Sekerheidskontrolering van personeel van Sentrum behalwe Direkteur Sekerheidskontrolering van Direkteur van Sentrum Fondse en boekjaar van Sentrum HOOFSTUK 2 17. 18. 19. 20. . . . . . . . . . . . . 10 15 20 25 30 35 40 45 50 This gazette is also available free online at www.gpwonline.co.za - 50 Verify source ↗
No. 47815
AI-assisted research summary: This section is about identifying clients and other persons as part of customer due diligence for money laundering and terrorist financing control measures.
50 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 50 CHAPTER 3 CONTROL MEASURES FOR MONEY LAUNDERING AND FINANCING OF TERRORIST AND RELATED ACTIVITIES MONEY LAUNDERING, FINANCING OF TERRORIST AND RELATED ACTIVITIES AND FINANCIAL SANCTIONS CONTROL MEASURES PART 1 Customer due diligence Identification of clients and other persons
Part
PART 1
- 20A Verify source ↗
Anonymous clients and clients acting under false or fictitious names
AI-assisted research summary: This section is about anonymous clients and clients acting under false or fictitious names.
20A. Anonymous clients and clients acting under false or fictitious names 21. - 21A Verify source ↗
Understanding and obtaining information on business relationship
AI-assisted research summary: Section 21A concerns understanding and obtaining information on a business relationship.
21A. Understanding and obtaining information on business relationship - 21B Verify source ↗
Additional due diligence measures relating to legal persons,
AI-assisted research summary: Section heading for additional due diligence measures relating to legal persons, trusts and partnerships.
21B. Additional due diligence measures relating to legal persons, trusts and partnerships - 21C Verify source ↗
Ongoing due diligence
AI-assisted research summary: This section is titled “Ongoing due diligence.”
21C. Ongoing due diligence - 21D Verify source ↗
Doubts about veracity of previously obtained information and when reporting
AI-assisted research summary: This section concerns doubts about the truth of previously obtained information and reporting suspicious or unusual transactions.
21D. Doubts about veracity of previously obtained information and when reporting suspicious and unusual transactions - 21E Verify source ↗
Inability to conduct customer due diligence
AI-assisted research summary: This section concerns inability to conduct customer due diligence.
21E. Inability to conduct customer due diligence - 21F Verify source ↗
Foreign politically exposed person
AI-assisted research summary: Section heading: Foreign politically exposed person.
21F. Foreign politically exposed person - 21G Verify source ↗
Domestic politically exposed person and prominent influential person
AI-assisted research summary: Section 21G is titled “Domestic politically exposed person and prominent influential person.”
21G. Domestic politically exposed person and prominent influential person - 21H Verify source ↗
Family members and known close associates
AI-assisted research summary: Section heading for “Family members and known close associates” in Part 2, “Duty to keep record.”
21H. Family members and known close associates PART 2 Duty to keep record
Part
PART 2
- 22 Verify source ↗
Obligation to keep customer due diligence records
AI-assisted research summary: This section concerns an obligation to keep customer due diligence records.
22. Obligation to keep customer due diligence records - 22A Verify source ↗
Obligation to keep transaction records
AI-assisted research summary: This section concerns the obligation to keep transaction records and the period for which those records must be kept.
22A. Obligation to keep transaction records 23. Period for which records must be kept - 24 Verify source ↗
Records may be kept in electronic form and by third parties
AI-assisted research summary: Records may be kept electronically and by third parties.
24. Records may be kept in electronic form and by third parties - 25 Verify source ↗
Admissibility of records
AI-assisted research summary: Section 25 is titled “Admissibility of records.”
25. Admissibility of records 26. . . . 5 10 15 20 25 PART 2A Financial sanctions
Part
PART 2A
- 26A Verify source ↗
Notification of persons and entities identified by Security Council of the United
AI-assisted research summary: Section 26A concerns notification of persons and entities identified by the United Nations Security Council.
26A. Notification of persons and entities identified by Security Council of the United 30 Nations - 26B Verify source ↗
Prohibitions relating to persons and entities identified by Security Council of
AI-assisted research summary: This section concerns prohibitions relating to persons and entities identified by the United Nations Security Council.
26B. Prohibitions relating to persons and entities identified by Security Council of the United Nations - 26C Verify source ↗
Permitted financial services and dealing with property
AI-assisted research summary: Section 26C is titled “Permitted financial services and dealing with property.”
26C. Permitted financial services and dealing with property PART 3
Part
PART 3
- 27 Verify source ↗
Accountable institutions, reporting institutions and persons subject to reporting
AI-assisted research summary: Section 27 is about accountable institutions, reporting institutions, and persons subject to reporting, focusing on reporting duties and access to information for advising the Centre about clients.
27. Accountable institutions, reporting institutions and persons subject to reporting Reporting duties and access to information obligations to advise Centre of clients - 27A Verify source ↗
Powers of access by authorised representative to records of accountable
AI-assisted research summary: This section concerns access powers by an authorised representative to records of accountable institutions.
27A. Powers of access by authorised representative to records of accountable institutions - 28 Verify source ↗
Cash transactions above prescribed limit
AI-assisted research summary: Section 28 is titled “Cash transactions above prescribed limit.”
28. Cash transactions above prescribed limit - 28A Verify source ↗
Property associated with terrorist and related activities and financial sanctions
AI-assisted research summary: This section concerns property linked to terrorist and related activities, financial sanctions, electronic transfers to or from the Republic under United Nations Security Council resolutions, and suspicious or unusual transactions.
28A. Property associated with terrorist and related activities and financial sanctions Electronic transfers of money to or from Republic pursuant to Resolutions of United Nations Security Council Suspicious and unusual transactions 29. - 30 Verify source ↗
Conveyance of cash to or from Republic
AI-assisted research summary: Section title: Conveyance of cash to or from the Republic.
30. Conveyance of cash to or from Republic 31. - 32 Verify source ↗
Reporting procedures and furnishing of additional information
AI-assisted research summary: Section 32 is titled “Reporting procedures and furnishing of additional information.”
32. Reporting procedures and furnishing of additional information - 33 Verify source ↗
Continuation of transactions
AI-assisted research summary: Section heading: “Continuation of transactions”.
33. Continuation of transactions Intervention by Centre 34. - 35 Verify source ↗
Monitoring orders
AI-assisted research summary: Section 35 is titled “Monitoring orders.”
35. Monitoring orders 36. - 37 Verify source ↗
Reporting duty and obligations to provide information not affected by
AI-assisted research summary: This section appears to concern reporting duties, information-sharing obligations, confidentiality rules, and protection for people who make reports.
37. Reporting duty and obligations to provide information not affected by Information held by supervisory bodies and South African Revenue Service confidentiality rules Protection of persons making reports 38. - 39 Verify source ↗
Admissibility as evidence of reports made to Centre
AI-assisted research summary: This section is titled “Admissibility as evidence of reports made to Centre.”
39. Admissibility as evidence of reports made to Centre 35 40 45 50 55 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Algemene Wette (Teengeldwassery en bekamping van Terrorismefinansiering, 2022 Wet no. 22 van 2022 STAATSKOERANT, 29 DESEMbER 2022 No. 47815 51 51 HOOFSTUK 3 BEHEERMAATREËLS TEN OPSIGTE VAN GELDWASSERY EN DIE FINANSIERING VAN TERRORISTE- EN VERWANTE AKTIWITEITE BEHEERMAATREËLS VIR GELDWASSERY, FINANSIERING VAN TERRORISTE EN VERWANTE AKTIWITEITE EN FINANSIËLE SANKSIES DEEL 1 Klante-omsigtigheid Identifisering van kliënte en ander persone 20A Anonieme kliënte en kliënte wat onder vals of fiktiewe name handel 21. - 21A Verify source ↗
Begrip en verkryging van inligting oor sakeverhouding
AI-assisted research summary: This section is titled “Understanding and obtaining information about a business relationship.”
21A. Begrip en verkryging van inligting oor sakeverhouding - 21B Verify source ↗
Bykomende omsigtigheidsmaatreëls
AI-assisted research summary: This section concerns additional due diligence measures for legal persons, trusts, and partnerships.
21B. Bykomende omsigtigheidsmaatreëls regspersone, aangaande trusts en vennootskappe - 21C Verify source ↗
Voortgesette omsigtigheid
AI-assisted research summary: The provision is titled “Voortgesette omsigtigheid” (continued diligence) and the supplied text does not include an operative rule.
21C. Voortgesette omsigtigheid - 21D Verify source ↗
Twyfel oor geloofwaardigheid van inligting wat voorheen verkry is
AI-assisted research summary: Heading only: “Twyfel oor geloofwaardigheid van inligting wat voorheen verkry is”.
21D. Twyfel oor geloofwaardigheid van inligting wat voorheen verkry is - 21E Verify source ↗
Onvermoë om klante-omsigtigheid uit te voer
AI-assisted research summary: This section concerns inability to carry out customer due diligence.
21E. Onvermoë om klante-omsigtigheid uit te voer - 21F Verify source ↗
Buitelandse politiesblootgesteldepersoon
AI-assisted research summary: Section 21F is titled “Buitelandse politiesblootgesteldepersoon.”
21F. Buitelandse politiesblootgesteldepersoon - 21G Verify source ↗
Binnelandse politiesblootgesteldepersoon en vooraanstaande persoon met
AI-assisted research summary: Section 21G heading: internal politically exposed person and prominent person with influence.
21G. Binnelandse politiesblootgesteldepersoon en vooraanstaande persoon met invloed - 21H Verify source ↗
Gesinslede en bekende nabye vennote
AI-assisted research summary: Heading for a section on family members and known close associates, under a duty to keep records and the period for which records must be kept.
21H. Gesinslede en bekende nabye vennote DEEL 2 Plig om rekord te hou Tydperk waarvoor rekords gehou moet word - 22 Verify source ↗
Verpligting om klante-omsigtigheidrekords te hou
AI-assisted research summary: Section 22 is titled “Obligation to keep customer due diligence records.”
22. Verpligting om klante-omsigtigheidrekords te hou - 22A Verify source ↗
Verpligting om transaksierekords te hou
AI-assisted research summary: This provision concerns an obligation to keep transaction records.
22A. Verpligting om transaksierekords te hou 23. - 24 Verify source ↗
Rekords kan in elektroniese formaat en deur derde partye gehou word
AI-assisted research summary: Section heading indicating records may be kept in electronic form and by third parties.
24. Rekords kan in elektroniese formaat en deur derde partye gehou word 25. 26. Toelaatbaarheid van rekords . . . DEEL 2A Finansiële sanksies - 26A Verify source ↗
Kennisgewing van persone en entiteite deur Veiligheidsraad van Verenigde
AI-assisted research summary: This section concerns notice of persons and entities identified by the United Nations Security Council.
26A. Kennisgewing van persone en entiteite deur Veiligheidsraad van Verenigde Nasies geïdentifiseer - 26B Verify source ↗
Verbodsbepalings aangaande persone en entiteite deur Veiligheidsraad van
AI-assisted research summary: Section title about prohibitions concerning persons and entities identified by the United Nations Security Council.
26B. Verbodsbepalings aangaande persone en entiteite deur Veiligheidsraad van Verenigde Nasies geïdentifiseer - 26C Verify source ↗
Toegelate finansiële dienste en hantering van eiendom
AI-assisted research summary: This section is titled “Allowed financial services and handling of property.”
26C. Toegelate finansiële dienste en hantering van eiendom 5 10 15 20 25 30 35 DEEL 3 Verslagdoeningspligte en toegang tot inligting - 27 Verify source ↗
Verantwoordingspligtige instellings, verslagdoeningsinstellings en persone
AI-assisted research summary: Certain accountable institutions, reporting institutions, and persons subject to reporting obligations must inform the Centre about clients.
27. Verantwoordingspligtige instellings, verslagdoeningsinstellings en persone onderhewig aan verslagdoeningsverpligtings moet Sentrum oor kliënte inlig - 27A Verify source ↗
Toegangsbevoegdhede deur gemagtigde verteenwoordiger tot rekords van
AI-assisted research summary: This section concerns access powers by an authorised representative to records of accountable institutions.
27A. Toegangsbevoegdhede deur gemagtigde verteenwoordiger tot rekords van 40 verantwoordingspligtige instellings - 28 Verify source ↗
Kontanttransaksies bo voorgeskrewe perk
AI-assisted research summary: This section concerns cash transactions above the prescribed limit.
28. Kontanttransaksies bo voorgeskrewe perk - 28A Verify source ↗
Eiendom geassosieer met terroriste- en verwante aktiwiteite en finansiële
AI-assisted research summary: This section concerns property linked to terrorist and related activities, and financial sanctions under United Nations Security Council resolutions, including electronic money transfers to or from the Republic.
28A. Eiendom geassosieer met terroriste- en verwante aktiwiteite en finansiële sanksies ingevolge resolusies van Verenigde Nasies Veiligheidsraad Elektroniese oorplasings van geld na of van Republiek - 29 Verify source ↗
Verdagte en ongewone transaksies
AI-assisted research summary: Section 29 concerns suspected and unusual transactions.
29. Verdagte en ongewone transaksies - 30 Verify source ↗
Vervoer van kontant na of van Republiek
AI-assisted research summary: Section title about transporting cash to or from the Republic.
30. Vervoer van kontant na of van Republiek 31. - 32 Verify source ↗
Verslagdoeningsprosedures en voorsiening van bykomende inligting
AI-assisted research summary: Section heading: reporting procedures and provision of additional information.
32. Verslagdoeningsprosedures en voorsiening van bykomende inligting - 33 Verify source ↗
Voortsetting van transaksies
AI-assisted research summary: Section title referencing continuation of transactions and intervention by the Centre.
33. Voortsetting van transaksies Ingryping deur Sentrum 34. - 35 Verify source ↗
Moniteringsbevele
AI-assisted research summary: Fragmentary text about monitoring orders and supervisory bodies.
35. Moniteringsbevele 36. toesighoudende liggame gehou deur Inligting Inkomstediens en Suid-Afrikaanse - 37 Verify source ↗
Verslagdoeningsplig en verpligtings om inligting te voorsien nie deur
AI-assisted research summary: This provision concerns reporting duties and obligations to provide information, and says confidentiality rules do not affect them.
37. Verslagdoeningsplig en verpligtings om inligting te voorsien nie deur vertroulikheidsreëls geraak nie - 38 Verify source ↗
Beskerming van persone wat verslag doen
AI-assisted research summary: Section heading about protection of persons who report.
38. Beskerming van persone wat verslag doen 39. Toelaatbaarheid as getuienis van verslae aan Sentrum 45 50 55 This gazette is also available free online at www.gpwonline.co.za - 52 Verify source ↗
No. 47815
AI-assisted research summary: 52 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 52
52 No. 47815 GOVERNMENT GAZETTE, 29 DEcEMbER 2022 Act no. 22 of 2022 General Laws (Anti-Money Laundering and combating Terrorism Financing) Amendment Act, 2022 52 - 40 Verify source ↗
Access to information held by Centre
AI-assisted research summary: Section 40 is titled “Access to information held by Centre” and is followed by section 41, “Protection of confidential information.”
40. Access to information held by Centre 41. Protection of confidential information - 41A Verify source ↗
Protection of personal information
AI-assisted research summary: This section is about protecting personal information and measures to promote compliance by accountable institutions.
41A. Protection of personal information PART 4 Measures to promote compliance by accountable institutions 5
Part
PART 4
- 42 Verify source ↗
Risk Management and Compliance Programme
AI-assisted research summary: This section is titled Risk Management and Compliance Programme.
42. Risk Management and Compliance Programme - 42A Verify source ↗
Governance of anti-money laundering, counter terrorist financing and financial
AI-assisted research summary: This section concerns governance of anti-money laundering, counter-terrorist financing, and financial sanction obligations compliance.
42A. Governance of anti-money laundering, counter terrorist financing and financial sanction obligations compliance
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