Still Need to Submit Your RCR? That Delay Could Keep SA on the Grey List
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South Africa is inching closer to getting off the global FATF grey list — but there’s one major hold-up: too many accountable institutions, including accountants, still haven’t submitted their Risk and Compliance Returns (RCRs) to the Financial Intelligence Centre (FIC).
If you're a trust or company service provider, a high-value goods dealer, or otherwise listed as a Designated Non-Financial Business or Profession (DNFBP) under the FIC Act, your RCR filing is not optional — it’s urgent.
🛑 Why This Matters
The FIC says RCR submissions are still “unsatisfactory,” especially in high-risk sectors like legal practitioners, estate agents, and trust service providers. If you're part of this group, failure to file puts your practice — and the entire profession — at risk of:
Higher regulatory scrutiny
Poorer risk classifications
Being flagged as high-risk in FATF evaluations
✅ What You Need to Do
Submit your outstanding RCR immediately via the FIC platform
Review Directives 6 and 7 for guidance on filing
Know that non-compliance affects your sector’s risk rating — and the FIC assumes non-filers are high-risk.
❓Unsure Whether This Applies to You?
• Check your CIBA member profile for the full FIC Registration and Reporting Guide, or
• Raise a support ticket directly from your profile.
🧠 Filing your RCR is more than a compliance box-tick — it’s a collective move to rebuild trust in South Africa’s financial system.
Read more in the FIC Media Release here.
