Zuma's stand on FIC bill is incorrect - senior counsel
25 January 2017
Cape Town – Two independent senior counsel told MPs of the Standing Committee on Finance on Wednesday that President Jacob Zuma’s interpretation of the Financial Intelligence Centre (FIC) Bill is not correct.
The Financial Intelligence Centre (FIC) Bill will indeed pass constitutional muster, said Advocate Ishmael Semenya SC, who provided a legal opinion on behalf of the Standing Committee on Finance in Parliament.
“We have concluded that the proposed section in the bill... is consistent with the constitution,” Semenya told MPs and stakeholders during public hearings on the bill.
“In view of this, the National Assembly would be perfectly entitled to simply reaffirm the bill in its existing form.”