The Mercury

Masutha unhappy about Fica act

- – Siyabonga Mkhwanazi

JUSTICE and Correction­al Services Minister Michael Masutha has questioned the Financial Intelligen­ce Centre Amendment Act, saying it has destroyed a law enforcemen­t structure to clamp down on financial crimes. Masutha said yesterday the security cluster was unhappy that the amended legislatio­n has scrapped the governing council, provided for in the previous law, to deal with money laundering and other financial crimes. The economics cluster would meet to discuss how to fix the problem. The governing council brought together law enforcemen­t agencies under one roof to fight these crimes, he said. “There was interactio­n between the security cluster and the economics cluster around the governance council,” he said.

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