The Financial Intelligence Centre Act (FICA): Know-your-client checklists
FICA was promulgated in line with legislation from other countries and is designed to reveal the movement of money
derived from unlawful activities, thereby curbing money laundering and other criminal activities such as terrorist
financing. All accountable institutions registered with the FIC are under an obligation to comply with the
‘Know Your Client’ requirements, as set out in the Act. Momentum Collective Investments (RF) (Pty) Ltd
as an accountable institution would then be required to identify and verify all prospective, new and existing
clients in terms of such requirements. FICA provides for the different types of clients and the information
requested as well as the acceptable verification documentation has been categorised as such. Below is a list of the
forms that need to be completed as well as a hyperlink to each one: