Financial Intelligence Centre

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Financial Intelligence Centre For more information on the FIC Act and the work of the FIC visit the About page on www.fic.gov.za.

The Financial Intelligence Centre (FIC) is South Africa’s national centre for the receipt of financial data, analysis and dissemination of financial intelligence to the competent authorities, visit www.fic.gov.za for more information. The FIC’s response approach

As South Africa’s national financial intelligence unit, the FIC is responsible for producing financial intelligence for the use of competent authorities in their investigations, prosecutions, and applications for asset forfeiture. The FIC administers the FIC Act as part of government’s framework for combating money laundering, the financing of terrorism and weapons of mass destruction and identifying the proceeds of crime. In responding to comments and queries, the FIC is limited to providing broad information about its oversight role and function. It can not comment on the work of the supervisory bodies, accountable institutions nor that of the competent authorities, all of which are independent of the FIC. Confidentiality requirements, emanating from the FIC Act and the nature of its work prevent the FIC from disclosing, confirming or denying whether:

✅ Reports on specific persons and/or entities have or have not been made to the FIC
✅ The FIC has or has not supplied financial intelligence on specific persons or organisations to law enforcement, investigating authorities, any other partners or counterparts or competent authorities
✅ The FIC has received regulatory reports, information or requests for information
✅ A matter is or is not being investigated by law enforcement or any other competent authority
✅ Financial intelligence or any other report has or has not been prepared on a particular matter

Any disclosure related to the above would be contrary to the provisions of the FIC Act and could put at risk the FIC, its partners, institutions that report to it, persons who report information to the FIC and any other related persons or entities. In addition to this page, the FIC is also active on the following social media platforms - please do not follow any other platform that purports to be the FIC on social media:

✅ YOUTUBE: https://www.youtube.com/financialintelligencecentre
✅ LINKEDIN: https://za.linkedin.com/company/financial-intelligence-centre
✅ WHATSAPP CHANNEL: https://www.whatsapp.com/channel/0029Vb5sd6bEquiTPbPYEs1J

The Financial Intelligence Centre issued Directive 12, which requires specified accountable institutions to submit a ris...
09/10/2026

The Financial Intelligence Centre issued Directive 12, which requires specified accountable institutions to submit a risk management and compliance programme (RMCP).

Schedule 1 item numbers 1, 2, 9 and 11 are required to submit their RMCPs by Friday, 9 October 2026.

Accountable institutions must please note Step 5 in the submission process, which is a mandatory requirement to insert a comment. Only once a comment is inserted may RMCPs be submitted.

Failure to enter a comment will prevent the submission button from becoming active, thereby preventing the submission of the RMCP. Once the RMCP is received, the FIC will issue an acknowledgement of receipt.

Accountable institutions that have already successfully submitted their RMCPs may ignore this communication.

The Financial Intelligence Centre issued Directive 12, which requires specified accountable institutions to submit their...
08/10/2026

The Financial Intelligence Centre issued Directive 12, which requires specified accountable institutions to submit their risk management and compliance programmes annually through the goAML registration and reporting platform, within prescribed submission periods.

https://thefic.short.gy/Dir12

Disclaimer: This case study is extracted from the Financial Intelligence Centre's (FIC) 2025/26 annual report found here...
02/10/2026

Disclaimer: This case study is extracted from the Financial Intelligence Centre's (FIC) 2025/26 annual report found here: https://thefic.short.gy/ar

CASE STUDY: Murder for insurance

The FIC received a request from the South African Police Service regarding an individual suspected of insurance fraud and murder. The primary suspect opened life policies on several individuals. Ten people died of unnatural causes between 2019 and 2024, and the primary suspect received payouts from claims submitted in respect of all the deceased.

Claims of more than R2 million were made and paid by insurance companies to the primary suspect.

The FIC requested information from Capitec and various other banks that had made the payments against the insurance claims and established which bank accounts were held by the suspect. The FIC then obtained bank statements for those accounts.

Through financial analysis of the bank accounts, the FIC identified all the funds paid against claims received from different insurance companies and financial services providers. The FIC also identified the financial services providers with which the main suspect was a beneficiary or policyholder.

Through financial analysis, the FIC established where the funds had originated and where the premiums were paid. The FIC noted that once the funds were received in the primary suspect’s account, some funds were transferred to her spouse and some to another individual. This analysis helped the FIC identify a possible hitman involved in the murders. The FIC also identified other individuals linked to or involved in the same conduct as the primary suspect.

Financial analysis identified how the funds were used and to whom they were transferred. It also revealed that some funds were transferred by the suspect’s spouse to a motor dealership for the purchase of a vehicle. The Asset Forfeiture Unit (AFU) was informed of the purchase so that the asset could be preserved as proceeds of unlawful activities.

The FIC’s extensive work on this matter has led to the creation of a dataset to support criminal investigations by identifying patterns and gaps in insurance fraud and murder cases.

Collaboration between the FIC, banking institutions, financial services providers and the AFU is helping to address this growing threat.

In 2025/26, the Financial Intelligence Centre responded with agility to rising demand for its products and services whil...
30/09/2026

In 2025/26, the Financial Intelligence Centre responded with agility to rising demand for its products and services while strengthening compliance with South Africa’s anti-financial crime regime. More here: https://thefic.short.gy/J

Directive 12 provides for the manner and timeframes within which specified accountable institutions are required to subm...
07/09/2026

Directive 12 provides for the manner and timeframes within which specified accountable institutions are required to submit a copy of the documentation describing their risk management and compliance programmes to the FIC in terms of the FIC Act. More information here: https://thefic.short.gy/G

The Financial Intelligence Centre is calling for public participation in draft Directive 12 on the submission of risk ma...
03/08/2026

The Financial Intelligence Centre is calling for public participation in draft Directive 12 on the submission of risk management and compliance programme (RMCP). Click here for more information and have your say: https://thefic.short.gy/FGWg6m

30/07/2026

NOTICE: ℹ️ Submission of the 2026 risk and compliance return by 31 July 2026. Click here to read more on the FIC website: https://thefic.short.gy/mP2DiM

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The FIC issued Directive 11 on 31 March 2026, mandating specified accountable institutions to submit their 2026 risk and...
17/07/2026

The FIC issued Directive 11 on 31 March 2026, mandating specified accountable institutions to submit their 2026 risk and compliance returns to the FIC on 30 June 2026 and on 31 July 2026.https://www.fic.gov.za/wp-content/uploads/2026/07/Media-release-RCR-closing-dates.pdf

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