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FIC: Reminder re 2026 RCR submissions
- 08 June 2026
- Miscellaneous
- South African Accounting Academy
Summary:
The Financial Intelligence Centre (FIC) has reminded certain accountable institutions, as defined in Directive 11 of 2026, to submit their 2026 Risk and Compliance Return (RCR) through its online platform (before the stated deadlines).
Article:
The return spans the 2023–2026 reporting period and focuses on specified businesses and professions’ exposure to financial crime risks and the controls they have in place.
Submissions must be made electronically, with deadlines ranging from 30 June 2026 to 31 July 2026, depending on the type of business.
- Trust and company service providers (item 2), casinos (item 9), credit providers (item 11, excluding banks, mutual banks, and co-operative banks), the Post Bank, the South African Mint, crypto asset service providers (item 22) must file their RCRs by 30 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.
Refer to our previous Alert dated 9 April 2026
Accountable Institutions are encouraged to use the 38-page 2026 RCR composite questionnaire to gather information before transposing it online, which is available at https://www.fic.gov.za/wp-content/uploads/2026/03/Risk-and-compliance-return-2026-Composite-questionnaire-sample.pdf
Access Directive 11 at https://www.fic.gov.za/wp-content/uploads/2026/03/Directive-11-–-Risk-and-compliance-return.pdf
Click here to download the FIC Notice:
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, 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, or face administrative sanctions.