# The Financial Intelligence Centre has intensified inspections and imposed sanctions on estate agents and legal practitioners for failing to submit mandatory risk and compliance reports. These sectors are among the final obstacles to South Africa’s removal from the Financial Action Task Force grey list. While compliance rates have improved to approximately 70-percent, the FIC insists on near-total adherence. Non-compliant entities face fines between ten-thousand-rand and 50-thousand-rand. The FIC emphasizes that full compliance is crucial for enhancing risk assessments and facilitating South Africa’s exit from the grey list.
FIC cracks down on estate agents, lawyers amid grey list pressure