Any person who conveys an amount of cash in any currency, or bearer negotiable instruments, that exceeds the prescribed threshold must submit to the FIC a ‘Cash Conveyance Report’ in terms of section 30 of FICA.
If you or your clients transport money across borders, both you and they need to know the reporting responsibilities.
These requirements become effective on 1 July 2026.
- Introduce the context of section 30: Conveyance of Cash to or from the Republic
- Explain what it means to convey cash
- Identify and simplify the requirements of section 30 in order to understand when it becomes applicable
- Help you understand when to report (what the reporting thresholds are), what to report and how to report on the conveyancing of cash
- Confirm the effective date of section 30
Accountable institutions like trust and company service providers, legal and property practitioners, high value goods dealers, credit providers. Auditors and accountants of accountable institutions. FICA compliance officers and second users on goAML
