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What is Targeted Financial Sanctions?

Sanctions impose restrictions on activities that relate to particular countries, goods and services, or persons and entities. Targeted Financial Sanctions (TFS) measures generally restrict sanctioned persons and entities from having access to funds and property under their control and from receiving financial services in relation to such funds and property.  In order for these sanctions to be given effect, the FIC Act requires Accountable Institutions to freeze property and transactions pursuant to financial sanctions imposed in the United Nations Security Council Resolutions. Click here for more information.

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Information about searching the TFS List

The Financial Intelligence Centre (FIC) publishes and maintains an updated sanctions list which will be available on its website and which will reflect available identity particulars of persons and entities contained in notices published by the Director. Click here to read more and search the TFS List online

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Applications for Permitted Financial Services

The FIC Act allows the Minister of Finance to permit a sanctioned person or entity to conduct financial services or deal with property affected by a sanction in order to allow such a person or entity access to certain Permitted Financial Services. Click here to read more about this or click here to apply for Permitted Financial Services.

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Subscription/unsubscription to receive alerts

The Financial Intelligence Centre (FIC) publishes and maintains a TFS List of all persons and entities designated for the purposes of sanctions regimes implemented under Sections 26A, 26B and 26C of the Financial Intelligence Centre Act, Act No 38 of 2001 (FIC Act).  You may subscribe to receive alerts each time there are changes to the list by clicking here. If you no longer wish to receive alerts, you may unsubscribe here. Click here to read more about notifications on changes to the list.

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Disclaimer

The FIC provides the Targeted Financial Sanctions List and software to make information more accessible concerning individuals and entities identified in notices issued from time to time by the Director of the FIC under section 26A(3) of the Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001, the FIC Act).

The use of the Targeted Financial Sanctions List and software does not absolve the user from the responsibility of referring to the abovementioned notices.

Users of the Targeted Financial Sanctions List and software are also encouraged to refer to the Consolidated List issued by the United Nations Security Council and further information made available by the United Nations concerning sanctioned individuals and entities.

Users of the Targeted Financial Sanctions List and software are to exercise their own skill and care in relation to the users’ legal obligations under the FIC Act. The FIC accepts no liability for any non-compliance or any loss suffered as a result of reliance on or the use of the Targeted Financial Sanctions List and/or software issued and made available by the FIC. By continuing to use this list and/or software, you take note and agree to the above disclaimer.

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Frequently asked questions about TFS

In this section you will find answers to some of the questions you may have regarding the TFS and related topics.  Click here for frequently asked questions. If your question is still not answered after going through the FAQ, please feel free to contact us.