FINANCIAL INTELLIGENCE CENTRE ACT ... - Bay …

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FINANCIAL INTELLIGENCE CENTRE ACT 38 OF 2001 MONEY LAUNDER AND TERRORIST financing control regulations internal rules In terms of Section 42 of the FINANCIAL INTELLIGENCE CENTRE Act, an accountable institution must formulate and implement internal rules concerning inter alia the verification of a client s identity and the maintenance of records The policy must be accessible for public and FINANCIAL INTELLIGENCE CENTRE inspection purposes This policy must be reviewed annually (Annexure A & B section must be updated and signed annually) This policy and internal rules (as it applies) is adopted by Bay Wealth Management (Pty) Ltd a duly authorised FINANCIAL Services Provider (hereunder referred to as the FSP).

FINANCIAL INTELLIGENCE CENTRE ACT 38 OF 2001 MONEY LAUNDER AND TERRORIST FINANCING CONTROL REGULATIONS INTERNAL RULES In terms of Section 42 of the Financial Intelligence Centre Act, an accountable institution must

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