CATEGORIES
- (3) Negotiating Tax Debt and Payment Arrangements with SARS
- (2)Account / Profile
- (535)Accounting
- (2)Accounting and Finance
- (21)Audit
- (156)Auditing and Assurance
- (1)Business
- (1)Business Management
- (3)Business Rescue
- (94)CIPC
- (7)Compliance
- (18)Ethics and Professionalism
- (46)Financial Reporting
- (1)Government Funding Applications
- (4)Guides
- (1)Individuals Tax
- (19)Law
- (37)Legal and Compliance
- (2)Management
- (5)Miscellaneous
- (22)Money Laundering
- (1)Personal & Professional Development
- (2)Practice Management
- (2)Professional Ethics
- (3)Public Sector
- (145)Regulatory Compliance and Legislation
- (41)SARS Issues
- (26)Sustainability Reporting
- (33)Tax
- (1)Tax Update
- (5)Technology
- (1)Wills, Estates & Trusts
- Show All
FIC: Accountable institutions to visit goAML message board daily
- 02 September 2025
- Money Laundering
- South African Accounting Academy
Summary:
The Financial Intelligence Centre (FIC) has issued a notice urging all accountable institutions to visit the goAML message board on a daily basis.
Article:
The goAML message board is the predominant means for the FIC to communicate directly with all the entities registered on the goAML system. The FIC uses this goAML message board channel to inform an entity on operational intelligence instructions and requests arising from regulatory reporting issued by FIC to that specific entity.
In addition, the FIC uses the goAML message board to convey critical information and advisories applicable to all or specific entities on the FIC goAML system as well as more general regulatory, legislative, guidance, and other necessary general information of significance to its entities and its regulatory reporting community.
For this reason, it is of cardinal importance that all entities in all designated categories in Schedule 1 of the FIC Act, 2001, ensure that they:
- are at all times correctly registered with the FIC on the goAML system to be able to receive and then access the messaging conveyed through the goAML message board
- immediately access and attend to all outstanding FIC instructions, requests and information that entities have not yet attended to and
- promptly and in a regular manner access the goAML message board, at least daily, as a matter of good general business practice.
The goAML message board is available on the FIC registration and reporting platform.
Click here to download the document:
Relevance to Auditors, Independent Reviewers & Accountants:
- The Financial Intelligence Centre Act (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 consider amendments, regulations, guidance and directives that are gazetted relating to FIC and accountable institutions, to ensure that your clients (or even your own practice) comply with their reporting obligations.
- As an Accountable Institution, you need to be up to date with all communication from FIC to ensure their compliance, or face administrative sanctions.
Relevance to Your clients:
- Relevant entities (specifically accountable institutions) have a duty to comply with the FIC Act, otherwise they could be held liable. This includes online submission of their RMCP to FIC, as well as submitting other relevant report as required by FICA.
- Relevant entities should be aware of amendments, regulations, guidance and directives that are gazetted relating to FIC and accountable institutions, to ensure that they comply with their reporting obligations.
- All accountable institutions need to be up to date with all communication from FIC to ensure their compliance, or face administrative sanctions.