Page 29 - IFX Internal Information Guide

FICA CHECKLIST

Trusts

This checklist contains details of the verification documents that must be supplied when validating Natural
Persons: South African Citizens / Residents client information, in order to comply with the KYC (Know-Your-
Client) requirements of FICA (the Financial Intelligence Centre Act, 38 of 2001).

Information to be Obtained Acceptable Verification Documents
Name and number of the trust Trust deed;

Authorization given by Master of the High Court to
each Trustee.
The address of the Master of the High Court where Authorization given by Master of the High Court to
the trust is registered each Trustee.

Particulars of how the beneficiaries are determined Trust deed;

Full Names;
Date of Birth; If Natural Person Identity Document
Identity Number;

OR

Full Names; If Foreign National Passport
Date of Birth;
Name of Country;

OF

Each Trustee of the Trust; and

Each Natural person who is authorized to establish a Resolution/Mandate authorizing the person to
business relationship or single transaction on behalf establish the transaction or business relationship.
of the trust;

Each Beneficiary of the Trust referred to by name in
the Trust deed OR Particulars of how the
Beneficiaries of the Trust are determined.

The Founder of the Trust..

FICA CHECKLIST
Trusts
Last updated: 25 April 2018
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