INTERNATIONAL FUNDS TRANSFER REPORTING (IFTR) – CONSULTATION ONLY

IFTRs are reported separately as inbound (money being transferred from another country into South Africa) and separately as outbound (money being transferred outside South Africa) cross border transactions.

Accountable institutions with this authorisation are:

  • Authorised Dealers (ADs);
  • Authorised Dealers with Limited Authority (ADLAs);
  • A category of Financial Services Providers (FSP) that have a direct reporting dispensation under the Exchange Control Regulations; and
  • The Post Office