Faurie Nell Inc - Attorneys Notaries Conveyancers
Home What We Offer How We Do It Calculators Online Progress Report Knowledge Centre Client Experience Contact Us
 
 

 

FICA Cash Threshold Reporting

 
Publications
FAQ
Ghost Convey Articles

 

 

 

 

 

 

 

 

Get Adobe PDF Reader
Get Adobe PDF Reader

   
 

Financial Intelligence Centre advises that Section 28 of the Financial Intelligence Centre Act, 38 of 2001 makes it obligatory for all accountable- and reporting institutions to report cash transactions (meaning transactions involving domestic and foreign notes and coins, and travelers cheques) above the prescribed limit of R25 000,00.

An electronic reporting mechanism is provided through the Centre's webpage from where you will be able to acquire secure login credentials. For further information, please visit www.fic.gov.za/Default.aspx

In the interest of good governance it is advisable to introduce a policy, depending on your circumstances, to direct clients to your bank to make direct cash deposits and not to receive cash at your offices.

 

Download as PDF


Back to Top


Legal Disclaimer     |     Sitemap
Copyright © Faurie Nell Inc, All rights reserved