FIC: 2025/26 Annual Report

---

FIC: 2025/26 Annual Report

• 01 October 2026
• Miscellaneous
• South African Accounting Academy

Summary:
The Financial Intelligence Centre (FIC) has published its Annual Report for the financial year 1 April 2025 to 31 March 2026, setting out how they responded with agility to rising demand for its products and services while strengthening compliance with South Africa’s anti-financial crime regime.

Article:

The 2025/26 Annual Report demonstrates the tangible impact of the FIC’s work in assisting in the detection, investigation and prosecution of money laundering and illicit financial flows. The FIC produces financial intelligence for use by law enforcement, the revenue service and other competent authorities in their investigations, prosecutions and applications for asset forfeiture.

In the last year alone, close to 5 000 additional entities registered with the FIC, representing an 8.7 percent increase from 55 262 in 2024/25 to 60 072 in 2025/26.

As part of the FIC’s risk-based approach to supervision, entities at higher risk of being abused for money laundering and terrorist financing are identified through a self-assessment questionnaire submitted by accountable institutions. Higher-risk institutions are identified for inspections and reviews with the aim of raising the level of compliance with their FIC Act obligations. A total of 549 risk-based inspections were conducted during the financial year.

2025/26 Highlights:

• Achieved and/or exceeded 86 percent of performance targets (19 out of 22)
• Contributed to the recovery of close to R37.5 million in criminal proceeds
• Blocked R34.2 million as suspected proceeds of crime
• Produced 4 194 proactive and reactive financial intelligence reports, relating to the flow of financial transactions
• Issued 142 high-priority financial intelligence reports
• Produced 140 illicit financial flow reports
• Conducted 49 awareness initiatives
• Completed 160 compliance reviews
• Retained a clean audit – fourth year running

Access the Media release at https://www.fic.gov.za/wp-content/uploads/2026/09/Media-release-FIC-Annual-Report-2025-26.pdf 

Contents of the Annual Report:

1. General information
2. Performance information
3. Governance
4. Human Resource Management
5. PFMA Compliance Report
6. Financial information

Click here to download the 175-page Report:

https://www.fic.gov.za/wp-content/uploads/2026/09/FIC-Annual-Report-2025-2026.pdf 

Relevance to Auditors, Independent Reviewers & Accountants:

• FICA is yet another piece of legislation that your clients must comply with, and which you must assess compliance with.  If they don’t comply with the relevant laws and regulations, you have certain reporting obligations in terms of NOCLAR (NOn-Compliance with Laws And Regulations) – this could include reporting to management, qualifying your audit opinion, reporting a Reportable Irregularity, etc.
• As an auditor and independent reviewer, you need to be aware of the latest publications by FIC.
• Accountable Institutions should stay up-to-date with the latest developments that affect professional accountants, money laundering and terrorism financing – specifically publications issued by the FIC.

Relevance to Your clients:

• An entity (company or close corporation) has a duty to comply with the FIC Act, and directors have to fulfil their duties accordingly, otherwise they could be held liable.

• Accountable Institutions should stay up-to-date with the latest developments that affect money laundering and terrorism financing – specifically publications issued by the FIC.

0 COMMENTS

LEAVE A COMMENT