National Assembly adopts minor changes on Fica Bill

Members of Parliament have unanimously agreed to pass the amended Financial Intelligence Centre Amendment (Fica) Bill on Tuesday in Parliament.

The Bill deals with laws designed to combat money laundering.

Lawson Naidoo, Council for the Advancement of SA Constitution, says it seems the MPs are trying to send a strong message to President Jacob Zuma.

President Zuma previously refused to sign the Bill into law, saying Section 45 allows for warrantless searches, but the Finance Committee says the issue of warrantless searches issue has been dealt with.

Naidoo says the MPs put a lot of time into trying to address some of the concerns that the President has raised.

We are very pleased that the matter has been dealt with very speedily. We really hope that now the President will sign the Bill very quickly.

Lawson Naidoo, Council for the Advancement of SA Constitution

Minor changes were made to the Bill by MPs.

To hear more from this subject, please listen below:


This article first appeared on CapeTalk : National Assembly adopts minor changes on Fica Bill


Recommended

by NEWSROOM AI

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Legal opinion finds Zuma's contention on Fica Bill has no standing - Coovadia

Legal opinion finds Zuma's contention on Fica Bill has no standing - Coovadia

Banking Association of SA MD says it is not valid to say that the Bill is racist and gives too much power to the banks.

Black entrepreneurs must not use Fica Bill as excuse for breaking law - Carrim

Black entrepreneurs must not use Fica Bill as excuse for breaking law - Carrim

Parliament's Standing Committee on Finance chair, Yunus Carrim, says it is not true that the Fica Bill gives power to the banks.

'Legal opinions are clear - the Fica Bill is Constitutional'

'Legal opinions are clear - the Fica Bill is Constitutional'

The Money Show’s Bruce Whitfield interviews Banking Association of South Africa Managing Director Cas Coovadia.

Fica bill's warrantless searches constitutional, argues Casac

Fica bill's warrantless searches constitutional, argues Casac

President Zuma sent the bill back to Parliament over concerns that searches without a warrant could amount to invasion of privacy.

Contentious clause in Fica Bill back in the spotlight

Contentious clause in Fica Bill back in the spotlight

Several organisations including Business Leadership SA will be in Parliament for the Fica Bill hearings.

‘Jacob Zuma, sign the anti-corruption Fica Bill now!’ - Business Leadership SA

‘Jacob Zuma, sign the anti-corruption Fica Bill now!’ - Business Leadership SA

President Jacob Zuma says the Fica Bill infringes on the rights of powerful people. BLSA says this objection is without merit.

Popular articles
The UAE is pumping billions into the Horn of Africa

The UAE is pumping billions into the Horn of Africa

The Money Show's Bruce Whitfield interviews Africa correspondent Lee Kasumba

Bob Martin’s new adverts celebrate how good pets are for humans

Bob Martin’s new adverts celebrate how good pets are for humans

Bruce Whitfield asks branding and advertising expert Andy Rice to critique the week’s advertising “heroes” and “zeroes”.

'Minnie understood he might become a target'

'Minnie understood he might become a target'

Marianne Thamm wrote the forward to 'The Lost Boys of Bird Island' and worked with Mark Minnie in editing the controversial book.

[WATCH] Dad dresses up as a mom so his sons don't feel left out on Mother's Day

[WATCH] Dad dresses up as a mom so his sons don't feel left out on Mother's Day

Khabazela shares Facebook posts, YouTube videos that have gone viral including one with the smartest dogs.

[LISTEN] Is your phone listening in on your conversations?

[LISTEN] Is your phone listening in on your conversations?

MD at World Wide Worx Arthur Goldstuck explains how your phone may record your voice conversations.

JHB CBD muggings - Where are the police ?

JHB CBD muggings - Where are the police ?

City of Joburg mayor Herman Mashaba says undocumented people living in the city make it difficult to combat crime.

'Black Tax'... working hard, earning well, but struggling financially

'Black Tax'... working hard, earning well, but struggling financially

Young(ish) South Africans tell stories of the mixed emotions they feel when supporting family members, and tips from an advisor.

Castro bodyguard shares tales of dictator’s double life and breath-taking wealth

Castro bodyguard shares tales of dictator’s double life and breath-taking wealth

Juan Sanchez shares stories of Fidel Castro that’ll make you re-examine everything you thought you knew about the Cuban dictator.