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:


Individuals

Description Forms
 Personal identification and verification of natural persons  FICA001E
 Declaration by financial adviser  FICA008E
 Identification and verification of non-SA residents  FICA009E
 Confirmation of residential address by co-habitant  FICA011E
 Confirmation of residential address by financial adviser  FICA012E

Legal entities

Description Forms 
 Identification and verification of companies  FICA002E
 Identification and verification of CCs  FICA003E
 Identification and verification of other legal persons  FICA004E
 Identification and verification of trusts  FICA005E
 Identification and verification of partnerships  FICA006E
 Identification and verification of foreign companies  FICA007E
 Declaration by financial adviser  FICA008E
 Identification and verification of non-SA residents  FICA009E
 Identification and verification of listed companies  FICA010E
 Confirmation of business address by financial adviser  FICA012E

Authorised representatives and controlling persons of legal entities

 Personal identification and verification of natural persons   FICA001E
 Identification and verification of non-SA residents  FICA009E
 Confirmation of residential address by co-habitant  FICA011E
 Confirmation of residential address by financial adviser  FICA012E


::  Site map ::
                 Momentum Collective Investments (RF) (Pty) Ltd (registration number 1987/004287/07, VAT number 4870151091).
Powered by GW Soft Consulting