--- title: What you Need to Know About the FIC Directive 6 & 7 | nCino KYC Africa description: This Directive informs certain accountable institutions to submit info on their money laundering, terrorist financing and proliferation financing risks. image: https://blog.kycafrica.ncino.com/hubfs/nCino_KYC_Dir_6_7.jpg --- [![Docfox is now nCino KYC](https://blog.kycafrica.ncino.com/hubfs/nCino-KYC-Top-Web-Banner-HS.png)](https://blog.kycafrica.ncino.com/ncino-kyc-africa-a-vision-to-reinvent-the-future-of-fica-compliance) [![Ncino KYC Africa](https://blog.kycafrica.ncino.com/hs-fs/hubfs/raw_assets/public/ncino-theme-2025/images/ci/ncino-logo-color-invert-RGB.png?width=140&name=ncino-logo-color-invert-RGB.png "Ncino KYC Africa")](https://kycafrica.ncino.com/) - [Solutions](https://kycafrica.ncino.com/solutions/) - [Client Onboarding](https://kycafrica.ncino.com/solutions/customer-onboarding/) - [Watchlist Screening](https://kycafrica.ncino.com/solutions/watchlist-screening/) - [Risk Rating](https://kycafrica.ncino.com/solutions/risk-rating/) - [Bank Account Verification](https://kycafrica.ncino.com/solutions/account-verification/) - [Compliance Services](https://kycafrica.ncino.com/solutions/compliance-services/) - [FICA Training & Webinars](https://kycafrica.ncino.com/solutions/training-and-webinars/) - [Industries](https://kycafrica.ncino.com/industries/) - [nCino for Banks](https://www.ncino.com/our-platform/commercial-banking) - [High Value Goods Dealers](https://kycafrica.ncino.com/industries/high-value-goods-dealers/) - [Law Firms](https://kycafrica.ncino.com/industries/law-firms/) - [Real Estate Industry](https://kycafrica.ncino.com/industries/real-estate-industry/) - [Stock Brokers](https://kycafrica.ncino.com/industries/stock-brokerage/) - [Forex Traders](https://kycafrica.ncino.com/industries/forex-traders/) - [Financial Service Providers](https://kycafrica.ncino.com/industries/financial-advisors/) - [Credit and Lending](https://kycafrica.ncino.com/industries/credit-and-lending/) - [Motor Vehicle Dealers](https://kycafrica.ncino.com/industries/motor-vehicle-dealers/) - [Other Accountable Institutions](https://kycafrica.ncino.com/industries/other-accountable-institutions/) - Resources - [FICA & AML Resources](https://kycafrica.ncino.com/fica-aml-resources/) - [Articles](https://blog.docfox.co.za/) - [Customer Stories](https://blog.docfox.co.za/customer-stories) - [Technical & Security Overview](https://kycafrica.ncino.com/industries/technical-and-security-overview/) - [Integration Partners](https://kycafrica.ncino.com/industries/integration-partners/) - [Training and Events Calendar](https://kycafrica.ncino.com/solutions/training-and-webinars/#calendar) - Company - [About](https://kycafrica.ncino.com/about/) - [Careers](https://ncino.wd5.myworkdayjobs.com/nCinoCareers) - [Press Releases](https://kycafrica.ncino.com/press/) - [Contact](https://kycafrica.ncino.com/contact/) - [Knowledge Base](https://kycafrica.ncino.com/#elementor-action%3Aaction%3Dpopup%3Aopen%26settings%3DeyJpZCI6IjI1MDkyIiwidG9nZ2xlIjpmYWxzZX0%3D) - [Solutions](https://kycafrica.ncino.com/solutions/) - [Client Onboarding](https://kycafrica.ncino.com/solutions/customer-onboarding/) - [Watchlist Screening](https://kycafrica.ncino.com/solutions/watchlist-screening/) - [Risk Rating](https://kycafrica.ncino.com/solutions/risk-rating/) - [Bank Account Verification](https://kycafrica.ncino.com/solutions/account-verification/) - [Compliance Services](https://kycafrica.ncino.com/solutions/compliance-services/) - [FICA Training & Webinars](https://kycafrica.ncino.com/solutions/training-and-webinars/) - [Industries](https://kycafrica.ncino.com/industries/) - [nCino for Banks](https://www.ncino.com/our-platform/commercial-banking) - [High Value Goods Dealers](https://kycafrica.ncino.com/industries/high-value-goods-dealers/) - [Law Firms](https://kycafrica.ncino.com/industries/law-firms/) - [Real Estate Industry](https://kycafrica.ncino.com/industries/real-estate-industry/) - [Stock Brokers](https://kycafrica.ncino.com/industries/stock-brokerage/) - [Forex Traders](https://kycafrica.ncino.com/industries/forex-traders/) - [Financial Service Providers](https://kycafrica.ncino.com/industries/financial-advisors/) - [Credit and Lending](https://kycafrica.ncino.com/industries/credit-and-lending/) - [Motor Vehicle Dealers](https://kycafrica.ncino.com/industries/motor-vehicle-dealers/) - [Other Accountable Institutions](https://kycafrica.ncino.com/industries/other-accountable-institutions/) - Resources - [FICA & AML Resources](https://kycafrica.ncino.com/fica-aml-resources/) - [Articles](https://blog.docfox.co.za/) - [Customer Stories](https://blog.docfox.co.za/customer-stories) - [Technical & Security Overview](https://kycafrica.ncino.com/industries/technical-and-security-overview/) - [Integration Partners](https://kycafrica.ncino.com/industries/integration-partners/) - [Training and Events Calendar](https://kycafrica.ncino.com/solutions/training-and-webinars/#calendar) - Company - [About](https://kycafrica.ncino.com/about/) - [Careers](https://ncino.wd5.myworkdayjobs.com/nCinoCareers) - [Press Releases](https://kycafrica.ncino.com/press/) - [Contact](https://kycafrica.ncino.com/contact/) - [Knowledge Base](https://kycafrica.ncino.com/#elementor-action%3Aaction%3Dpopup%3Aopen%26settings%3DeyJpZCI6IjI1MDkyIiwidG9nZ2xlIjpmYWxzZX0%3D) [Sign In](https://kycafrica.ncino.com/#elementor-action%3Aaction%3Dpopup%3Aopen%26settings%3DeyJpZCI6IjE2NzI3IiwidG9nZ2xlIjpmYWxzZX0%3D) [Request a Demo](https://kycafrica.ncino.com/request-a-demo/) Apr 17, 2023 # What you Need to Know About the FIC Directive 6 & 7: Risk & Compliance Returns ![Risk and Compliance Return Details](https://blog.kycafrica.ncino.com/hubfs/nCino_KYC_Dir_6_7.jpg) SHARE ``` Directive 6 & Directive 7 serve to inform certain Accountable Institutions that they must submit information regarding their understanding of money laundering (ML), terrorist financing (TF) and proliferation financing (PF) risks and their assessment of compliance with obligations in terms of the FIC Act to the FIC through a risk and compliance return. ``` The information obtained from the risk and compliance return will assist the FIC in forming an understanding of the levels of risk awareness and compliance of the responding Accountable Institution with the FIC Act and in identifying the ML, TF and PF risks facing different Accountable Institution sectors. The completion of the risk and compliance return is compulsory for all identified accountable institutions specified in Directive 6 & 7. Non-submission of the risk and compliance return will be considered non-compliance and may result in an administrative sanction, in accordance with section 62E read with section 43A(3) of the FIC Act. Directive 6 & 7 requirements are effectively identical, but apply different reporting periods and deadlines to different institutions ## Who does this apply to? Under Directive 6 FIC Schedule 1 Item 1: Attorneys, Advocates FIC Schedule 1 Item 2: Trust & Company Service Providers FIC Schedule 1 Item 3: An Estate Agent FIC Schedule 1 Item 9: Firms licences under the National Gambling Board Under Directive 7 FIC Schedule 1 Item 11: Credit Providers FIC Schedule 1 Item 14: SA Postbank FIC Schedule 1 Item 20: High Value Goods Dealers FIC Schedule 1 Item 21: SA Mint FIC Schedule 1 Item 22: Virtual Asset Service Providers ## What must be done? For institutions under Directive 6: [Complete the online risk and compliance return](https://forms.office.com/Pages/ResponsePage.aspx?id=szVSHGOkAUqWp9wmNLKqdLU4BubRDmlBiXfcI1Q1ibJURU0wOTUwMkZCVENXOVUzOVZNMVVQU1FDUS4u) covering the reporting period from 1 April 2022 to 31 March 2023, both dates inclusive. For institutions under Directive 7: [Complete the online risk and compliance return](https://forms.office.com/pages/responsepage.aspx?id=szVSHGOkAUqWp9wmNLKqdI9HhQsnLBNOhNaH9pW2gUtUN1NLOTJBUTNINkdKME45QVFQVTA5UURORC4u) covering the reporting period from 1 January 2023 to 30 June 2023, both dates inclusive. ## When must this be done? For institutions under Directive 6: The risk and compliance return must be submitted to the FIC no later than 17:00 on Wednesday, 31 May 2023. For institutions under Directive 7: The risk and compliance return must be submitted to the FIC no later than 17:00 on Monday, 31 July 2023.     ![Hawken McEwan](https://blog.kycafrica.ncino.com/hubfs/Hawken.png) ### About the author: ### Hawken McEwan Hawken has over 25 years’ experience in financial crime compliance, regulatory operations, banking operations, risk and change. Specialising in FICA and Anti-Money Laundering, Hawken holds a Masters from the Edinburgh University, the AMLCPrac(SA) designation, and is a Certified Anti Money Laundering Specialist, Member of the Association of International Financial Crime Investigators and South African Board member for ACAMs ## Related Articles - ### [RMCP Compliance: What Directive 10, 12 and GN 7B Require](https://blog.kycafrica.ncino.com/rmcp-compliance-what-directive-10-12-and-gn-7b-require) ![RMCP Compliance: What Directive 10, 12 and GN 7B Require](https://blog.kycafrica.ncino.com/hubfs/RMCP%20Compliance_%20What%20Directive%2010%2c%2012%20and%20GN%207B%20Require.jpg) - ### [Important FIC Regulatory Updates: Directive 10, Draft Directive 12 & Guidance Note 7B](https://blog.kycafrica.ncino.com/fic-updates-directive-10-draft-directive-12-guidance-note-7b) ![Important FIC Regulatory Updates: Directive 10, Draft Directive 12 & Guidance Note 7B](https://blog.kycafrica.ncino.com/hubfs/Important%20FIC%20Regulatory%20Updates_%20Directive%2010%2c%20Draft%20Directive%2012%20%26%20Guidance%20Note%207B.jpg) - ### [What Are The Key Requirements That Need to be Met in Order to be FICA Compliant?](https://blog.kycafrica.ncino.com/the-key-requirements-that-need-to-be-met-in-order-to-be-fica-compliant) ![What Are The Key Requirements That Need to be Met in Order to be FICA Compliant?](https://blog.kycafrica.ncino.com/hubfs/The%20Key%20Requirements%20That%20Need%20to%20be%20Met%20in%20Order%20to%20be%20FICA%20Compliant.jpg) - ### [What is the Complete list of Accountable Institutions Under FICA?](https://blog.kycafrica.ncino.com/accountable-institutions-under-fica-complete-list-and-compliance-obligations) ![What is the Complete list of Accountable Institutions Under FICA?](https://blog.kycafrica.ncino.com/hubfs/nCino-KYC-Accountable-Institutions-Under-FICA-Complete-List-and-Compliance-Obligations-1.jpg) - ### [Everything You Need to Know About Ultimate Beneficial Owners \[Part 1\]](https://blog.kycafrica.ncino.com/everything-you-need-to-know-about-ultimate-beneficial-owners) ![Everything You Need to Know About Ultimate Beneficial Owners \[Part 1\]](https://blog.kycafrica.ncino.com/hubfs/Business%20man%20looking%20through%20a%20filling%20cabinet%20with%20illustrated%20diagram%20of%20UBO%20structure.png) ![nCino Full colour Logo](https://blog.kycafrica.ncino.com/hubfs/nCino%20Full%20colour%20Logo.svg) Subscribe to our newsletter [Subscribe](https://share-eu1.hsforms.com/1EGe3layITCaXlgtYEX6fSwetu2j) - - - - ### Solutions - [Client Onboarding](https://kycafrica.ncino.com/solutions/customer-onboarding/) - [Watchlist](https://kycafrica.ncino.com/solutions/watchlist-screening/) - [Risk Rating](https://kycafrica.ncino.com/solutions/risk-rating/) - [Bank Account Verification](https://kycafrica.ncino.com/solutions/account-verification/) - [Compliance Services](https://kycafrica.ncino.com/solutions/compliance-services/) - [Training and Webinars](https://kycafrica.ncino.com/solutions/training-and-webinars/) ### Industries - [nCino for Banks](https://www.ncino.com/) - [High Value Goods Dealers](https://kycafrica.ncino.com/industries/high-value-goods-dealers/) - [Law Firms](https://kycafrica.ncino.com/industries/law-firms/) - [Real Estate Industry](https://kycafrica.ncino.com/industries/real-estate-industry/) - [Stock Brokers](https://kycafrica.ncino.com/industries/stock-brokerage/) - [Forex Traders](https://kycafrica.ncino.com/industries/forex-traders/) - [Financial Service Providers](https://kycafrica.ncino.com/industries/financial-advisors/) - [Credit and Lending](https://kycafrica.ncino.com/industries/credit-and-lending/) - [Motor Vehicle Dealers](https://kycafrica.ncino.com/industries/motor-vehicle-dealers/) - [Other Accountable Institutions](https://kycafrica.ncino.com/industries/other-accountable-institutions/) ### Company - [About](https://kycafrica.ncino.com/about/) - [Press Releases](https://kycafrica.ncino.com/press/) - [Careers](https://www.ncino.com/our-company/careers) - [Contact](https://kycafrica.ncino.com/contact/) - [Partner with us](https://kycafrica.ncino.com/industries/our-partners/) - [FICA FAQ's](https://kycafrica.ncino.com/fica-faqs/) ### Legal & Compliance - [Terms and Conditions](https://kycafrica.ncino.com/terms-and-conditions/) - [Privacy Statement](https://kycafrica.ncino.com/privacy-policy/) - [PAIA Manual](https://kycafrica.ncino.com/wp-content/uploads/2025/03/nCino-SA-PAIA-Manual-March-2025-2.pdf) - Cookie Settings © 2016 – 2026 nCino. All rights reserved ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Hawken McEwan", "url" : "https://blog.kycafrica.ncino.com/author/hawken-mcewan" }, "dateModified" : "2026-04-08T10:03:02.591Z", "datePublished" : "2023-04-17T07:12:21.000Z", "headline" : "What you Need to Know About the FIC Directive 6 & 7 | nCino KYC Africa", "image" : [ "https://blog.kycafrica.ncino.com/hubfs/nCino_KYC_Dir_6_7.jpg" ], "mainEntityOfPage" : { "@id" : "https://blog.kycafrica.ncino.com/fic-directive-6-7-risk-compliance-returns", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.kycafrica.ncino.com/hubfs/nCino%20KYC%20Hubspot%20-%20Full%20Colour.png" }, "name" : "nCino KYC Africa" } } ```