On 31 March 2026, the Financial Intelligence Centre (FIC) officially issued Directive 11 of 2026, mandating Legal practitioners and other Accountable Institutions (AIs) to submit their 2026 Risk and Compliance Return (RCR) electronically by 31 July 2026.
The questionnaire aims to provide the FIC with an understanding of how Accountable Institutions understand and manage money laundering, terrorist financing, and proliferation financing risks in various sectors within South Africa. They are looking to test your business to see if you understand the risk your business faces, how you measure it, if you know your clients, do you know how to identify something suspicious and if you act – and how.
Directive 11 Frequently Asked Questions
As the deadline draws closer, we are seeing an influx of questions and guidance needed. It’s worth noting that the submission isn’t something that will take you 10 minutes to complete!
For a clear breakdown of what Directive 11 requires and answers to the most common questions, take a look at nCino KYC’s Directive 11 FAQ guide.
Compliance Doesn’t End on 31 July 2026 The 31 July deadline is only the starting point — FICA compliance is an ongoing responsibility. If your firm doesn’t yet have the right tools in place to manage it, now is the time to find a reliable partner. Reach out to nCino KYC for any FICA-related questions, or to see how our software can streamline your processes.