The overall objective of this analysis was to examine the provisions of the Financial Intelligence Centre (Amendment) Act No. 16 of 2020 and assess the ramifications or impact of the amendments. The provisions which include enhanced cooperation between the FIC and law enforcement agencies and supervisory authorities as well as empowering of the FIC to impose sanctions on non-complaint entities will, if adequately implemented, go a long way towards addressing systemic loopholes. Although a creation of statute, it is recommended that the FIC be allowed to implement its mandate with minimal interference. It is also recommended that the FIC, in partnership with civil society organisations, develop an advocacy strategy to educate the public on the roles, functions and importance of the FIC.