#FICA Laws

FICA Amendment Act will further complicate property transactions

FICA Amendment Act will further complicate property transactions

Posted on 8 January, 2019 by Debi

The imminent FICA Amendment Act adds new layers to an already onerous transaction, say agents. With the compliance deadline for the Financial Intelligence Centre (FIC) Amendment Act fast-approaching, estate agents are becoming increasingly apprehensive as they have yet to receive implementation guidance and clarity about its implications for the industry. According to a large Estate Agency industry professionals are becoming increasingly apprehensive as the broad scope of stipulations...