FICA Requirements

The Financial Intelligence Centre Act (”FICA”) requires some institutions, such as Truck and Cargo Salvage Solutions (Pty) Ltd, to establish and verify clients’ identities to combat money laundering and the financing of terrorism. The documentation as set out below is required by us in order to comply with the obligations set out in FICA. Please note the requirements may differ depending on the type of entity investing.

The FICA Amendment Act places a duty on accountable institutions to establish a legal person’s ownership and control structure. An accountable institution must in addition to this establish who the beneficial owner of the legal person is. We reserve the right to request additional information to the information mentioned below

FICA REQUIRED IDENTITY VERIFICATION DOCUMENTS

The following documents are acceptable to verify a client’s identity:

Valid passport

Valid asylum seeker or refugee permit

Valid work permit

ID document such as Green Bar-Coded ID Book or both sides Smart Identity Card

LEGAL ENTITY VERIFICATION DOCUMENTS

PRIVATE INDIVIDUAL

1. Verifiable Identity Document
2. Proof of physical residential address of the individual, e.g. utility bill (not older than 3 months) reflecting the name of the individual and physical address.

COMPANY

1. Notice of Incorporation (CoR 14.1).
2. Certificate of Registration (CoR 14.3).
3. Certificate of name change (CoR 14.3) where the company has changed its name.
4. Notice of registered office and postal address (CoR 21.1).
5. Proof of business address of the company e.g. utility bill (not older than 3 months) reflecting the name of the company & the business address.
6. Resolution specifying who is authorised to act on behalf of the company.
7. Confirmation of shareholding.
8. Identity documents of the persons managing the company, authorised signatories and individuals holding 25% or more of the voting rights.
9. Written confirmation of the residential address and contact particulars of the person(s) managing the company, authorised signatories and individuals holding 25% or more of the voting rights.
10. The same requirements for legal persons holding 25% or more shareholding
11. Written confirmation of business addresses and contact particulars of the legal person(s) holding 25% or more of the voting rights in the company

CLOSE CORPORATION (CC)

1. Founding Statement or Certificate of Incorporation (CK1).
2. Amended Founding Statement (CK2) (if the member of the CC has changed).
3. Resolution specifying who is authorised to act on behalf of the Close Corporation.
4. Proof of business address of the Close Corporation e.g. utility bill (not older than 3 months) reflecting the name and business address.
5. Identity document(s) of the member(s) and authorised signatories of the Close Corporation e.g. ID book.
6. Written confirmation of the residential address and contact particulars of the member(s) of the Close Corporation reflecting the name and residential address.
7. Identity document(s) of the person(s) authorised to act on behalf of the Close Corporation e.g. ID book.

TRUST

1. Letter of Authority signed by the Master of the High Court.
2. Trust deed or other founding document.
3. Resolution specifying who is authorised to act on behalf of the Trust.
4. Identity document(s) of the person(s) authorised to act on behalf of the Trust e.g. ID book.
5. Written confirmation of residential address and contact particulars of the person(s) authorised to act on behalf of the Trust.
6. Identity documents for the founder of the trust, all the trustees and beneficiaries e.g. ID book.
7. Written confirmation of the residential address and contact particulars for the founder of the trust, all the trustees and beneficiaries.