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FIC: PCC 60 re format and manner of completion and submission of the 2026 RCR
- 30 June 2026
- Miscellaneous
- South African Accounting Academy
Summary:
The Financial Intelligence Centre (FIC) has issued the final public compliance communication (PCC) 60 on the format and manner of completion and submission of the 2026 risk and compliance return (RCR) as contemplated by Directive 11 of 2026 by specified accountable institutions as designated items in Schedule 1 of the Financial Intelligence Centre Act, 2001 (FICA).
Article:
The FIC published draft PCC 125 on 31 March 2026 for consultation and received consultation comments from accountable institutions, industry bodies and other persons. Refer to our previous Alert dated 10 April 2026
PCC 60 is a final version of draft PCC 125.
PCC 60 guides the specified accountable institutions on how to prepare for the submission of the specified RCR data information for specified years and periods, and to complete the questionnaire in the 2026 RCRs, and then submit the 2026 RCR electronically in a timely manner to the FIC.
The 30 June submission deadline was imminent for trust and company service providers, casinos, credit providers (excluding banks, mutual banks and co-operative banks), and crypto asset service providers. The current 2026 RCR rate of submissions for these sectors remained low with 655 of 5 614 (11.66 percent) registered entities submitting their 2026 RCRs as at Wednesday, 17 June 2026.
Legal practitioners (item 1), estate agents (item 3) high-value goods dealers (item 20) –including dealers in precious metals, precious stones and Kruger rands – and non-casino gambling institutions (item 9) are required to submit their RCRs by 31 July 2026.
Click here to download the 15-page PCC:
https://www.fic.gov.za/wp-content/uploads/2026/06/2026.6-PCC-60-RCR-_On-RCR-Submission.pdf
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 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 a TCSP that is regarded as an AI, you need to submit your RCR by the deadline date, in the correct format and manner, 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.
- Relevant entities should be aware of amendments, regulations 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 submit their RCR by the deadline date, in the correct format and manner, or face administrative sanctions.