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Effectively, it’s not nice; the implications of non-compliance are fairly heavy, leaving your online business weak to attainable administrative sanctions, together with severe monetary penalties.
No one desires that!
However if you happen to did miss the deadline in December, attempting to cover is just not a sustainable long-term resolution. It’s higher to go cap in hand and register, as quickly as attainable. 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 operate is accumulating, 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 try to be nice, so long as you attempt to adjust to their necessities.
The FIC works in affiliation with varied stakeholders like banks, monetary establishments, and legislation enforcement companies to make sure a coordinated effort in safeguarding the nation from the detrimental results of prison actions. SA already has a poor popularity on this regard, with gray itemizing and a historical past of high-ranking politicians on the take.
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