Page 117 - FIC ANTI MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING LEGISLATION

Definitions I REGULATIONS
115 “the Amendment Act” means the Financial Intelligence Centre Amendment
Act, 2008 (Act 11 of 2008); “trust” . . . . . .
1A. Prescribed amount of a single transaction
(1) For the purposes of the definition of a single transaction as contemplated in the Act, the prescribed value of a transaction is an amount not less than R5 000,00;