Minister of Finance appoints Acting Director for Financial Intelligence Centre

by
1 min read
f i

On September 1, 2023, South Africa’s Minister of Finance, Enoch Godongwana, announced that Advocate Pieter Smit will assume the role of Acting Director of the Financial Intelligence Centre (FIC). This appointment will be in effect for six months, ending on February 29, 2024, or until a new Director is appointed.

Extensive legal and policy expertise

Adv. Pieter Smit’s career is rooted in legal and policy expertise. He joined the FIC in 2004 as the Executive Manager of Legal and Policy. As a key member of the team responsible for the establishment of the FIC, his contributions have been foundational to the organization’s growth. Smit’s work primarily involves developing proposals to amend the FIC Act and guiding the processes for the passage of the FIC Amendment Bills through Parliament.

Multifaceted role within FIC

Adv. Smit’s role within the FIC is multifaceted. He develops policies for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT), stays current on international policy developments, and monitors money laundering and terror financing risk typologies. Additionally, he directs the process of formulating domestic AML/CFT policies within the organization.

Experienced delegate

Adv. Smit is an experienced delegate and has been a longstanding member of the South African delegation to the Financial Action Task Force (FATF) and the Eastern and Southern Africa Anti-Money Laundering Group. He holds a Baccalaureus Iuris degree and a Bachelor of Laws degree from the University of Pretoria, as well as a Master of Laws degree from Rand Afrikaans University. Adv. Smit was admitted as an Advocate of the High Court of South Africa in 1990.

Gratitude for former Director

Minister Godongwana expressed gratitude to Adv. Xolisile Khanyile for her service as the Director of the FIC since January 2018. Her critical role in shaping the FIC’s trajectory and dedication to the organization will not be forgotten. The Minister wished her well in her future endeavors.

Continued vigilance in the fight against money laundering and terror financing

With a wealth of expertise and a proven track record, Adv. Pieter Smit is well-positioned to lead the Financial Intelligence Centre during this interim period. His appointment underscores the importance of maintaining strong leadership and continued vigilance in the fight against money laundering and terror financing. The process of appointing a new Director is underway, and the FIC will undoubtedly benefit from the guidance of a seasoned professional like Smit in the meantime.

A Russian-Spanish journalist and Cape Town native, channels his lifelong passion for South Africa into captivating stories for his local blog. With a diverse background and 50 years of rich experiences, Serjio's unique voice resonates with readers seeking to explore Cape Town's vibrant culture. His love for the city shines through in every piece, making Serjio the go-to source for the latest in South African adventures.

View all

Leave a Reply

Your email address will not be published.

p u
Previous Story

Western Cape Infrastructure Supports Citizens with Extended Housing Services during Public Service Month

s o
Next Story

Premier Alan Winde’s Visit to Paarl: Ensuring Essential Services Continue During Power Cuts

Latest from Blog

streetlight vandalism community engagement

Battling Streetlight Vandalism in Kraaifontein: A Community’s Struggle and Hope

In Kraaifontein, a lively part of Cape Town, the community faces a tough battle against streetlight vandalism. Broken lights not only make the neighborhood dark and unsafe but also waste resources meant for other important services. The City of Cape Town is fighting back by quickly fixing the lights and encouraging locals to report vandalism. With teamwork between residents and city officials, there is hope for a brighter, safer future where the community can shine together once more.

heritage preservation urban redevelopment

The Good Hope Centre: A Legacy in Transformation

The Good Hope Centre in Cape Town is getting a fresh start! Plans are underway to transform this historic site into a lively hub with homes, shops, and spaces for people to enjoy, all while keeping its beautiful dome intact. The city wants everyone to have a say in this exciting change, making sure it benefits the community and boosts the economy. With a rich past as a cultural center, the Good Hope Centre is ready to become a vibrant part of Cape Town’s future, blending its heritage with new opportunities for all.

my cape town market cape town culture

Discover the My Cape Town Market: A Celebration of Culture and Commerce

The My Cape Town Market is a lively summer event in the beautiful Company’s Garden, where local culture and creativity shine. Each year, it brings together talented artisans and small business owners, showcasing their unique handmade goods and delicious treats. Visitors can enjoy live performances and fun activities, making it a delightful outing for families and friends. With its rich history and vibrant atmosphere, the market is a perfect place to celebrate Cape Town’s spirit and support local entrepreneurs. Join in the fun this December and discover the heart of Cape Town!

marine innovation boatica cape town

Boatica Cape Town: A Celebration of Marine Innovation

Boatica Cape Town is Africa’s biggest boating show, taking place from October 2527, 2024, at the beautiful V&A Waterfront. This exciting event showcases over 70 exhibitors and features cool activities like live boat demonstrations and sailing lessons. It’s a celebration of South Africa’s amazing boatbuilding skills and highlights the potential for jobs and growth in the marine industry. With a lively atmosphere filled with innovation and community spirit, Boatica promises to be a fun and inspiring experience for everyone who loves the sea!

saps crime prevention

Navigating the Crime Landscape: South African Police Service’s Dynamic Approach

The South African Police Service (SAPS) is taking strong steps to fight crime and keep communities safe. Their big operation, OPERATION SHANELA, led to over 13,000 arrests in just a week, targeting serious crimes like murder and rape. SAPS is also focusing on issues like genderbased violence and drug crimes, with many arrests made for these offenses. With efforts to tackle illegal immigration and improve road safety, SAPS shows a commitment to protecting the public and creating a safer South Africa. Their teamwork and determination in the face of challenges highlight the spirit of resilience in the country.