The Financial Intelligence Centre (FIC) urges accountable institutions in South Africa to act quickly to meet an upcoming compliance deadline for the submission of 2026 risk compliance returns. The FIC says the first deadline is approaching soon and emphasizes the need for timely reporting by institutions covered by its requirements. According to the report, fewer than 12% of institutions have submitted the required returns to date. The FIC warns that institutions that do not meet the approaching deadlines face severe penalties. The article frames the deadline as urgent, urging institutions to review their internal processes and ensure their risk compliance documentation is prepared and submitted. It also calls attention to the broader expectation that institutions maintain effective compliance with anti-financial crime and risk-management requirements. The piece presents the current submission rate as an indicator of the challenge institutions face and highlights the consequences of non-compliance as the deadline nears.
Financial Intelligence Centre urges institutions to submit 2026 risk compliance returns
The Financial Intelligence Centre (FIC) urges accountable institutions in South Africa to act quickly to meet an upcoming compliance deadline for the submission of 2026 risk compliance returns. The FI...
- The FIC urges accountable institutions to submit their 2026 risk compliance returns.
- The first submission deadline is approaching soon.
- Fewer than 12% of institutions have submitted returns so far.
- The FIC warns that late or non-submission can result in severe penalties.
- Institutions are encouraged to act swiftly to meet the compliance requirement.
The Financial Intelligence Centre (FIC) urges accountable institutions to act swiftly and submit their 2026 risk compliance returns as the first deadline looms. With less than 12% compliance so far, institutions risk severe penalties if they fail to meet the approaching deadlines.
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