FIC Act definition

FIC Act means the Financial Intelligence Centre Act No. 38 of 2001, as amended;

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FIC Act means the Financial Intelligence Centre Act 38 of 2001;

FIC Act means the Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001), as amended.

Examples of FIC Act in a sentence

• In accordance with FIC Act as amended 2017 the Company shall collect via means of an "Appropriateness Test" information related to the Client or potential Client such as the types of service, transaction and financial instrument with which the Client is familiar, the nature, volume and frequency of the Client’s transactions in financial instruments and the period over which they have been carried out as well as the level of education and profession or relevant former profession of the Client.

• We are obliged to comply with the Anti-Money Laundering, Terrorist Financing Control legislation and specific exchange control requirements of the South African Reserve Bank and the Financial Intelligence Centre (FIC) Act.

• FICA verification is required by The Financial Intelligence Centre Act (38 of 2001) (the FIC Act).

More Definitions of FIC Act

FIC Act means the Financial Intelligence Centre Act, 2001;