South Africa’s targeted financial sanctions obligations require accountable institutions (Property Professionals and Conveyancers), to analyse information concerning clients against TFS lists, apply freezes to the assets of designated persons or entities, and file terrorist property regulatory reports with the Centre.
Furthermore, no persons may provide or make available funding to designated persons or entities.
Accountable institutions are required to screen against the TFS lists on an ongoing basis. Information must be scrutinised at onboarding, when conducting transactions and as and when the TFS list is updated.
These sanctions lists can be accessed online at https://tfs.fic.gov.za/ and https://main.un.org/ securitycouncil/en/content/un-sc-consolidated-list