FICA

FICA

In terms of the Financial Intelligence Centre Act 38 of 2001, and the regulations thereto, Satori is obliged to identify and verify the identity of its investors. Satori will only accept investments once all supporting documents have been received. Satori reserves the right to request additional information. The persons listed below must supply Satori with certified copies of the following documents:

 

South African Citizens and Residents (Natural Person)

1.1 ID document containing a photo, full names, date of birth and ID number (a passport containing the above information will only be accepted with written substantiation) or a valid driver’s licence, or unabridged birth certificate for minors.

 

1.2 A document less than 3 months old containing residential address that is a utility bill, bank statement, rates account or tax invoice.

 

Foreign Nationals (Natural Person)

2.1 A passport containing a photo, full names, date of birth and ID number.

 

2.2 A document less than 3 months old containing residential address that is a utility bill, bank statement, rates account or tax invoice.

 

South African Companies

3.1 Certificate of Incorporation (CM1), Certificate of Name Change (if applicable), Notice of Registered Office and Postal Address (CM22) containing Registrar’s stamp and signed by the Company Secretary, FAIS licence (if applicable), and an organogram showing shareholders with 25% or more of the voting rights at a general meeting.

 

3.2 A document less than 3 months old containing trade name and business address that is a utility bill, bank statement, rates account or tax invoice.

 

3.3 ID document/passport and residential address, as set out in 1 and 2 above, in respect of the manager and all authorised representatives and all individuals holding 25% or more of the voting rights at a general meeting.

 

3.4 Applicable documents referred to in 3.1 & 3.2 or 4.1 & 4.2 & 5.1 & 5.2 or 6.1 or 7.1 or 8.1 in respect of any authorised representative who is a legal entity.

 

3.5 Proof of authority to act for the company, e.g., a directors’ resolution.

 

3.6 Applicable documents referred to in 3.1 & 3.2 or 4.1 & 4.2 or 5.1 & 5.2 or 6.1 or 7.1 or 8.1 in respect of institutions holding 25% or more of the voting rights at a general meeting.

 

3.7 Proof of income tax and VAT registration numbers (on a SARS document).

 

South African Close Corporations

4.1 Founding Statement and Certificate of Incorporation (CK1), Amended Founding Statement (CK2) (if applicable), containing Registrar’s stamp and signed by an authorised representative/employee, and FAIS licence (if applicable).

 

4.2 A document less than 3 months old containing trade name and business address that is a utility bill, bank statement, rates account or tax invoice.

 

4.3 ID document/passport and residential address, as set out in 1 and 2 above, in respect of each member and all authorised representatives.

 

4.4 Applicable documents referred to in 3.1 & 3.2 or 4.1 & 4.2 & 5.1 & 5.2 or 6.1 or 7.1 or 8.1 in respect of any authorised representative who is a legal entity.

 

4.5 Proof of authority to act for the close corporation, e.g., a members’ resolution.

 

4.6 Proof of income tax and VAT registration numbers (on a SARS document).

 

Foreign Companies

5.1 Official document from foreign regulator witnessing incorporation, bearing the name, number and address, and an organogram showing shareholders with 25% or more of the voting rights at a general meeting.

 

5.2 A document less than 3 months old containing SA and foreign trade names and business address that is a utility bill, bank statement, rates account or tax invoice.

 

5.3 ID document/passport and residential address, as set out in 1 and 2 above, in respect of the SA manager and all authorised representatives, all individuals holding 25% or more of the voting rights at a general meeting.

 

5.4 Applicable documents referred to in 3.1 & 3.2 or 4.1 & 4.2 & 5.1 & 5.2 or 6.1 or 7.1 or 8.1 in respect of any authorised representative who is a legal entity.

 

5.5 Proof of authority to act for the company, e.g., a directors’ resolution.

 

5.6 Applicable documents referred to in 3.1 & 3.2 or 4.1 & 4.2 or 5.1 & 5.2 or 6.1 or 7.1 or 8.1 in respect of institutions holding 25% or more of the voting rights at a general meeting.

 

5.7 Proof of income tax and VAT registration numbers (on a SARS document).

 

Other Legal Persons (Club, Association, Body Corporate, Retirement Fund)

6.1 The constitution or other founding document in terms of which legal person is created.

 

6.2 ID document/passport and residential address, as set out in 1 and 2 above, in respect of all authorised representatives.

 

6.3 Applicable documents referred to in 3.1 & 3.2 or 4.1 & 4.2 & 5.1 & 5.2 or 6.1 or 7.1 or 8.1 in respect of any authorised representative who is a legal entity.

 

6.4 Proof of authority to act for legal person.

 

Partnerships

7.1 Partnership agreement.

 

7.2 ID document/passport as set out in 1.1 and 2.1 above and residential address in respect of all partners and authorised representatives or persons exercising executive control.

 

7.3 Proof of authority to act for partnership.

 

7.4 Applicable documents referred to in 3.1 & 3.2 or 4.1 & 4.2 or 5.1 & 5.2 or 6.1 or 7.1 or 8.1 in respect of any institutional partners or an institution exercising executive control.

 

7.5 Proof of income tax and VAT registration numbers (on a SARS document).

 

Trusts

8.1 The main deed or other founding document (e.g., a will).

 

8.2 Letters of authority from the Master (SA trust) or foreign regulator (foreign trusts).

 

8.3 ID document/passport and residential address, as set out in 1 and 2 above, in respect of any individual founder of the trust, each individual trustee, each authorised representative and all individual beneficiaries, or details of how beneficiaries are determined if not mentioned by name.

 

8.4 A death certificate where founder died or certificate of deregistration where founder ceased to exist.

 

8.5 Applicable documents referred to in 3.1 & 3.2 or 4.1 & 4.2 or 5.1 & 5.2 or 6.1 or 7.1 or 8.1 in respect of any institutional founder, any institutional trustees or institutional beneficiaries of the trust, or details of how beneficiaries are determined if not mentioned by name.

 

8.6 Proof of income tax and vat registration numbers (on a SARS document).

 

Legal Incapacity or Third Party representing another Individual (including a parent representing a minor child)

ID document/passport as set out in 1.1 and 2.1 above in respect of both parties.

 

A document less than 3 months old containing a residential address as set out in 1.2 above in respect of the representative individual.

 

Proof of authority to act, e.g., birth certificate (where investor is the minor child of the representative), power of attorney*, mandate*, resolution*, partnership agreement or court order.

 

*Original certified copy required BEFORE application will be processed.

 

Any Other (Please contact Satori for the required documentation)