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Properly, it’s not nice; the implications of non-compliance are fairly heavy, leaving your online business weak to potential administrative sanctions, together with critical monetary penalties.
No person desires that!
However in case you did miss the deadline in December, making an attempt to cover will not be a sustainable long-term answer. It’s higher to go cap in hand and register, as quickly as potential. You don’t need them to catch you later and resolve to make an instance of you.
“You don’t need them to catch you later and resolve to make an instance of you”
The excellent news is that the FIC’s main perform is gathering, analysing, and disseminating monetary intelligence to related authorities, helping within the identification and prevention of illicit monetary actions. If you’re less than nonsense, this implies you ought to be fantastic, so long as you attempt to adjust to their necessities.
The FIC works in affiliation with numerous stakeholders like banks, monetary establishments, and legislation enforcement companies to make sure a coordinated effort in safeguarding the nation from the detrimental results of felony actions. SA already has a poor status on this regard, with gray itemizing and a historical past of high-ranking politicians on the take.
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