South Africa's FIC Directive 9 implements binding crypto-asset travel-rule requirements for accountable institutions. It requires prescribed originator and beneficiary information to accompany qualifying crypto-asset transfers, sets procedures for missing data, and implements a binding travel-rule layer alongside the broader Financial Intelligence Centre Act framework.
Othereffective
Financial Intelligence Centre Act Directive 9 — Implementation of Travel Rule Relating to Crypto Asset Transfers
Also known as: FIC Directive 9 — Travel Rule relating to crypto asset transfers
South Africa South Africa Financial Intelligence Centre (FIC)
Overview
Key Details
Jurisdiction
South AfricaRegulator
South Africa Financial Intelligence Centre (FIC)
Law Type
Other
Status
In ForceOfficial Law Number
FIC Directive 9
Official Title
Financial Intelligence Centre Act Directive 9 — Implementation of Travel Rule Relating to Crypto Asset Transfers
Enacted Date
November 15, 2024
Effective Date
April 30, 2025
Who This Law Applies To
Accountable institutions conducting covered crypto-asset transfers in South Africa, as defined under the FIC Act.
Key Requirements
- Requires prescribed originator and beneficiary information to accompany qualifying crypto-asset transfers.
- Sets procedures for missing or incomplete transfer information.
- Implements a binding travel-rule layer alongside the broader FIC Act framework for accountable institutions.
Official Sources
Official instrument pageVerify signature/publication date. Relate to existing FIC Act/CASP South Africa profiles.
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