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What is "FICA"?

The Financial Intelligence Centre Act, 38 of 2001 (FICA), came into effect on 1 July 2003. FICA was introduced to fight financial crime, such as money laundering, tax evasion, and terrorist financing activities. 

What are FICA documents?

Original copy of a:

  1. Valid South Africa Identification Document or a valid unexpired passport in the case of a foreign national. 
  2. Proof of Residential Address (not older than three months), for example, a utility bill such as a water and electricity bill, a telephone bill, a current lease agreement or a bank statement. The document must reflect the logo, the details of the individual and exact address the individual captured when the trading account was opened. 
  3. More information regarding FICA Documents can be obtained here