South Africa's Financial Intelligence Center (FIC) maintains a Targeted Financial Sanctions (TFS) page, with enforcing the South African legal requirement for the implementation of TFS and applicable TFS regimes under the United Nations Security Council, Chapter VII, Article 41 of the UN Charter.
South Africa's TFS measures generally restrict sanctioned persons and entities from having access to funds and property under their control and from receiving financial services in relation to such funds and property. In order for these sanctions to be given effect, the FIC Act requires Accountable Institutions to freeze property and transactions pursuant to financial sanctions imposed in the United Nations Security Council Resolutions. Click here for more information.
The FIC provides the Targeted Financial Sanctions List and software to make information more accessible concerning individuals and entities identified in notices issued from time to time by the Director of the FIC under section 26A(3) of the Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001, the FIC Act).