BLSA pushes Fica changes

The Star Early Edition - - NEWS -

ON THE EVE of pub­lic hear­ings on the Fi­nan­cial In­tel­li­gence Cen­tre Act (Fica) amend­ment bill, Busi­ness Lead­er­ship South Africa (BLSA) urged Pres­i­dent Ja­cob Zuma to sign it into law ur­gently, dis­miss­ing ob­jec­tions to it as un­founded. “BLSA be­lieves that none of the ob­jec­tions raised are well founded in law or pol­icy,” the or­gan­i­sa­tion said. “This in­cludes the sin­gle con­cern raised by the pres­i­dent, namely that sec­tion 45B (1C) of the amend­ment may be im­per­mis­si­bly over­broad, and may un­jus­ti­fi­ably vi­o­late the right to pri­vacy, be­cause it al­lows for war­rant­less searches.” BLSA said war­rant­less searches were per­mit­ted by other laws. “Fur­ther, the pow­ers to be given to the Fi­nan­cial In­tel­li­gence Cen­tre (FIC) in re­spect of war­rant­less searches ex­tend only to ac­count­able in­sti­tu­tions as de­fined in the FIC Act,” BLSA said. – ANA

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.