Financial Intelligence Centre Act definition
Examples of Financial Intelligence Centre Act in a sentence
The Lessee acknowledges the Lessor’s duty to comply with the Financial Intelligence Centre Act 31 of 2001 as amended and hereby agrees to provide the Lessor, within 5 (five) business days of the signature hereof, with the relevant documentation as required by Law, as per Annexure C attached hereto.
Such documentation and other evidence as is reasonably requested by the Facility Agent (for itself or on behalf of any other Finance Party) to carry out and be satisfied that it has complied with all necessary know your customer or similar identification procedures under applicable laws and regulations (including the Financial Intelligence Centre Act, 2001) pursuant to the transactions contemplated in the Finance Documents.
The Transferring Attorneys are authorised to invest all funds deposited by the Purchaser and not required immediately in an interest- bearing account in terms of Section 86(4) of the Legal Practice Act 28 of 2014 (“LPA”) and approved in terms of the LPA, upon receipt by the Transferring Attorneys of proof of payment by the Purchaser together with the required Financial Intelligence Centre Act, 38 of 2001 ("FICA") documentation.
You warrant that you did not obtain the funds, directly or indirectly, due to any unlawful activity as defined in the Prevention of Organised Crime Act, No. 121 of 1998, as amended, and the Financial Intelligence Centre Act, No. 38 of 2001 as amended.
The Conveyancer shall only be able to invest the monies paid to the Conveyancer upon (1) delivery of the documentation to the Conveyancer required to be provided in terms of the Financial Intelligence Centre Act, 38 of 2001 and (2) signature of such documentation as may be required by the Conveyancer (or the investing bank) to enable the Conveyancer to invest the monies and comply with the investing bank’s investment requirements.
The purchaser and seller hereby agree to comply with all the terms and conditions of the Financial Intelligence Centre Act (FICA) and to furnish the conveyancers with such documents as they may require to satisfy themselves that the terms of FICA are complied with.
Such registration must meet the requirements of FICA (Financial Intelligence Centre Act, 2001) and that person must sign the registration entry.
As an authorized financial services provider, we are obligated in terms of the following legislation to collect your personal information insofar as it relates to the rendering of the relevant financial services to you: • Financial Advisory and Intermediaries Services Act 37 of 2002; • Financial Intelligence Centre Act 38 of 2001; 70 We collect, hold, use and disclose your personal information mainly to provide you with access to the services and products that we provide.
The PURCHASER undertakes to provide the SELLER or his Agent with a copy of his Identity Document and a copy of his last salary advice slip within 3 days of signature hereof, as well as proof of residential address, and income tax reference number, for purposes of compliance with the Financial Intelligence Centre Act.
Such documentation and other evidence as is reasonably requested by the Lender to carry out and be satisfied that it has complied with all necessary know your customer or similar identification procedures under applicable laws and regulations (including the Financial Intelligence Centre Act, 2001) pursuant to the transactions contemplated in the Finance Documents.