Financial Intelligence Centre (FIC)
Public Entity · Finance and Administration Services · reports to National Treasury
The Financial Intelligence Centre is South Africa’s financial intelligence unit, established under the Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001).
It combats money laundering, terrorist financing and proliferation financing by collecting, analysing and disseminating financial intelligence to law enforcement, the National Prosecuting Authority, intelligence services and the South African Revenue Service. Accountable institutions must register with it, verify client identities, keep records and report suspicious and cash transactions above prescribed thresholds.
South Africa’s greylisting by the Financial Action Task Force in 2023 placed its work at the centre of the national response, and it has powers to issue directives and impose administrative sanctions for non-compliance.
Audit record, 5 years
Financial highlights, 2024/25
- Total Revenue
- R410m
- Total Expenditure
- −R418m
- Total Assets
- R197m
- Total Liabilities
- R38m
Values in rand. Sparklines run oldest to newest and are scaled to each series, not to zero.
Leadership, 17 listed
- Director
- Mr Thabiso Thiti
- Chief Financial Officer
- Ms Veronica MarshSmit
- Senior Management
- Mr Pieter Alberts Ms Priya Biseswar Ms Marine Burdette Mr Ettiene Cronje Mr Macs Maboka Ms Grace Madilonga Mr Xolile Majija Mr Christopher Malan Mr Philemon Mashapa Mr Bongani Mbewu Mr Oniel Rajnund Mr Motlatsi Ramoshu Mr Aaron Shongwe Mr Pieter Smit
- Communications Officers
- Ms Panna Kassan
Description written for this directory from the entity’s own published sources: www.fic.gov.za, www.gov.za