FIC Registration : Financial Intelligence Centre

Organisation : Financial Intelligence Centre
Type of Facility : Financial Intelligence Centre Registration
Head Office : Centurion

Website : https://www.fic.gov.za/Compliance/Pages/Registration.aspx

FIC Registration :

Registration Requirement :
Who :
** Registration with the Financial Intelligence Centre (FIC) is a legal requirement applying to all accountable and reporting institutions – listed in Schedules 1 and 3 of the FIC Act, respectively.

Related : City of Cape Town Plumbers registration : www.southafricain.com/1643.html

Why :
** Registration with the FIC is a legal obligation in terms of the FIC Act, as amended.
** Registration with the FIC enables accountable and reporting institutions to fulfil other FIC Act compliance obligations.

** The failure to register with the FIC or the failure to update registration information when it has changed are offences, and may result in imprisonment for a period not exceeding five years and/or a fine not exceeding R10 million.

When :
** Persons who commence new businesses which are regarded as accountable or reporting institutions are required to register with the Centre within 90 days from the date the business commenced.

How :
** All registrations must be completed and submitted to the FIC electronically within the prescribed period using the goAML registration system.
** In exceptional circumstances an accountable or reporting institution may make use of a manual paper-based mechanism to register.
** There is no cost to register the business.
** The process is easily done on the FIC website.

Note :
** If you have any queries regarding registering your business, call the FIC contact centre on 0860 222 200 or click here to submit your query.

To add your institution to the new goAML system please follow the steps :
Step 1 :
** Access the goAML website by clicking on this link (goweb.fic.gov.za/goAMLWeb_PRD)

Step 2 :
** Click on “Register as a person” to commence the updating of registration related information.

Note :
** Existing registrants should not click on “Register as an organisation” as this will create a duplicate registration which will be rejected by the FIC.
** Ensure that the first person using the Org ID No, as provided by the FIC, on the system is the appointed section 43 Compliance Officer (S43CO) for your entity.

Step 3 :
** Insert the Org ID and complete the registration form for the S43CO, and then add the relevant attachments (certified copy of ID/Passport document and authorisation letter) to the S43CO profile, and only then “click submit” to the FIC for approval.

Note :
** The authorisation letter must contain the details of the S43CO user, such as user name and surname, ID/passport number, occupation of the user and the role of the user to be allocated on the system.

Step 4 :
** Upon receiving an email from the FIC confirming successful account registration, the S43CO then logs onto the registration platform, using the Org ID and approved user credentials, to update and verify the institution’s details, by making changes where necessary.

Note :
** The mandatory details such as Email, Name, Trade As Name, Incorp. /Reg Number, Telephone and address details either must be provided or updated to ensure successful submission of all reports to the FIC.

Step 5 :
** Once confirmation has been sent by the FIC confirming the successful updating of the institutions details (account registration), the registration is complete if no further users need be added, and the S43CO is now able to file reports with the FIC.

Note :
** If the entity requires the registration of further delegated users, then the S43CO must communicate the Org ID to these delegated users (including the Money Laundering Reporting Officers (MLROs), so they can commence their user registration as an MLRO of the entity.

Contact Address :
Private Bag X177
Centurion
0046