On 31 March 2023, the Financial Intelligence Centre (FIC) issued a directive requiring accountable institutions to screen employees for competence and integrity to help manage the risks of illegal activities.
In this practical guideline, our experts, Peter Grealy, Dhevarsha Ramjettan, Kent Davis, Keah Challenor, Prineil Padayachy and Mateen Memon, summarise the directive and how it applies to accountable institutions.