• Implementing Procedures

    • The Implementing Procedures are issued in terms of Regulation 17 of the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR), and are binding on all persons carrying out relevant financial business or relevant activity as from the date on which they are issued.

      The main purpose of these Implementing Procedures is to provide guidance to subject persons in their implementation of the rules set out in the PMLFTR. In so doing, the Implementing Procedures assist subject persons in better understanding and fulfilling their obligations under the PMLFTR, thereby ensuring an effective and harmonised implementation of the salient provisions.

      The Implementing Procedures are divided in two parts.  Part I is applicable to all sectors, while Part II applies to each sector specifically.

      Click on the following page links to access Parts I and II of the Implementing Procedures:

      Part I
      Part II