Financial Intelligence Centre Act
List Your Property
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Explanation of FICA

FICA (Financial Intelligence Centre Act) = Protection against Money Laundering. Estate Agents are Accountable Institutions ito FICA.

Estate Agents are required to:

  1. Verify the Identity of any Buyer, Seller, Landlord or Tenant.
  2. Keep records of all transactions done.
  3. Report certain Info to FIC.

Furthermore, Estate Agents have a Responsibility to:

  1. Guard against crime and unlawful practices.
  2. Report alleged or attempted crimes and unlawful or unethical activities without protecting any party involved.


FICA DOCUMENTS REQUIRED FROM CLIENTS:

Individuals:

  • Completed authorization form (Landlords) Application Form (Tenants)
  • Signed FICA declaration
  • Copy of ID
  • Proof of residence (dated within the last 3 months)

Companies

  • Completed Authorization form (Landlords) Application Form (Tenants)
  • Signed FICA Declaration
  • Company Registration Documents
  • Resolution
  • Signatory ID & Proof of residence
  • Company Proof of Residence
Trusts
  • Completed Authorization form (Landlords) Application Form (Tenants)
  • Signed FICA Declaration
  • Trust Documents
  • Letter of Authority stamped by master of high court
  • Resolution
  • Signatory ID & Proof of residence
  • Trust Proof of Residence (If there is one)

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