New Fica law sound, MPs told


New Fica law sound, MPs told

Bianca Capazorio | 2017-01-26 06:48:47.0

A general view of the National Assembly in parliament in Cape Town. File photo.

Image by: NIC BOTHMA


The controversial Financial Intelligence Centre Amendment Bill, which was sent back to parliament by the president, would pass constitutional muster, the finance committee has heard.

The bill, written to combat corruption by placing greater scrutiny on the financial affairs of prominent individuals, was sent back to parliament last year because President Jacob Zuma said a clause allowing for warrant-less searches of premises was unconstitutional because it limited the right to privacy.

Public hearings are currently under way in parliament to deal with the president’s concerns.

Parliament’s legal adviser, Frank Jenkins, told the committee that the hearings could, according to the rules of parliament, only focus on the exact issues for which the president sent it back.

Ishmael Semenya SC, providing legal opinion for the speaker of the National Assembly, said he believed that the bill as it stood would survive “constitutional scrutiny and pass muster”.

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