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Action taken by SA Government

Action taken by South African Government and Regulators

The South African government worked resolutely to address the deficiencies identfied by the FATF in the MER report. As part of the efforts President Ramaphosa signed the General Laws Amendment Act and the Protection of Consitutional Democary against Terrorist and Related Activities Act in December 2022. The General Laws Amendment Act amended six laws that addresses key recommendations by the FATF.

Document Organisation Topics address Date Issued
General Laws (Anti-Money Laundering and Combating Terrorism Financial) Amendment Act, 22 of 2022 Government Gazette

To Amend

  • The Trust Property Control Act, 1988
  • The Nonprofit Organisation Act, 1997
  • The Financial Intelligence Centre Act, 2001
  • The Companies Act, 2008
  • The Financial Sector Regulations Act, 2017
 29 December 2022
Proclamation notice: Commencement of General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act, 2022 Government Gazette
  • Effective date of the General Laws Amendment Act
31 December 2022
Protection of Constitutional Democracy against Terrorist and Related Activities Act, 23 of 2022 Government Gazette
  • Amendment of Protection of Constitutional Democracy against Terrorist and Related Activities
 29 December 2023
Proclamation notice: Protection of Constitutional Democracy against Terrorist and Related Activities Act, 23 of 2022 Government Gazette
  • Effective date of the Protection of Consitutional Democracy against Terrorist and Related Activities Act
 4 January 2023