The RCR is an online self-assessment questionnaire<\/strong> that requires designated institutions to submit information on money laundering, terrorist financing and proliferation financing risks, along with the controls they have in place to mitigate them. <\/p>\n\n\n\n For casinos, the 2026 RCR covers the period from April 1, 2023 to March 31, 2026<\/strong>. Casinos form part of the first group of entities required to submit by June 30, alongside trust and company service providers, credit providers (excluding banks, mutual banks and co-operative banks) and crypto asset service providers. Non-casino gambling institutions have until July 31 to file their returns.<\/p>\n\n\n The FIC said only 655 of the 5,614 registered entities subject to the June 30 deadline had submitted their 2026 RCRs as of June 17, a compliance rate of 11.66 per cent. Christopher Malan<\/strong>, FIC executive manager for compliance and prevention, said: “We urge accountable institutions not to leave their submissions until the last minute, and risk non-compliance should they miss the deadline.”<\/p>\n\n\n\n Under Directive 11 of 2026, designated accountable institutions are required to complete and submit the RCR to the FIC. The FIC said information collected through the questionnaire helps it better understand and monitor financial crime risks<\/strong> at both an institutional and sector-wide level. <\/p>\n\n\n\n The regulator also uses a risk-rating tool to analyse submitted data and identify higher-risk accountable institutions, helping to guide its risk-based supervision and compliance monitoring activities. <\/p>\n\n\n\n The FIC noted that it introduced the RCR mechanism in May 2023 as part of its risk-based supervision framework and South Africa’s efforts to meet requirements linked to the Financial Action Task Force (FATF). <\/p>\n\n\n\n Casinos are classified as accountable institutions under the Financial Intelligence Centre Act (FICA) and\u00a0are required to\u00a0implement measures such as customer due diligence, record-keeping<\/strong>, employee training and the reporting of suspicious and unusual transactions.\u00a0<\/p>\n\n\n\n The FIC said the information gathered through the returns enables it to identify institutions that may be more vulnerable to money laundering and terrorist financing risks, allowing for a more targeted supervisory approach. <\/p>\n\n\n\n Institutions that fail to submit their returns within the prescribed deadlines may be deemed non-compliant and could face administrative sanctions, including financial penalties<\/strong>. <\/p>\n\n\n\n To support compliance efforts, the regulator has published Public Compliance Communication 60 of 2026, providing guidance on the submission process through the FIC’s online platform. <\/p>\n\n\n![\"\"](\"https:\/\/focusgn.com\/africa\/wp-content\/uploads\/sites\/7\/2026\/06\/CASINO-JC28-900x570.png\")
FIC steps up oversight <\/h2>\n\n\n\n
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