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FICA

 
The Financial Intelligence Centre Act 38 of 2001 (FICA) was enacted for the purpose of identifying the proceeds of unlawful activities, combating money laundering and the financing of terrorist and related activities.As the Act indicates, all accountable institutions are obliged to identify and verify the identity of their clientele by collecting copies of identifying documents and storing them for a period of 5 years. Seymore du Toit & Basson is an accountable institution and therefore requires all relevant information before taking on a new matter.Rest assured, all information will only be disclosed for the purposes of our obligation under the Act as maintaining privacy and confidentiality of our client information is a very important part of our policy.Should you have any questions relating to FICA you can contact our Compliance Officer, Asma Cachalia at asma@sdblaw.co.za or 013 752 4459.