Regulatory requirements

Financial Intelligence Centre Act
The Financial Intelligence Centre Act (38 of 2001) established the Financial Intelligence Centre, to combat money laundering and the financing of terrorist and related activities. The Act further imposes certain duties on financial institutions which might be used for money laundering purposes and terrorist and related activities. The duties include 'know your client', record-keeping and reporting obligations.

Therefore, when transacting with us, the Exchange Control Regulations and the Financial Intelligence Centre Act require you to provide to us:

• Air ticket or proof of reservation
• Passport or identity document

A third party document showing your residential address, such as:

• Cellphone account
• Rates & taxes account
• Electricity account
• Bank statement

For additional detailed information select one of the items below:

• Financial Intelligence Centre Act 38 of 2001.

Code of Banking Practice
The Bank subscribes to the Code of Banking Practice issued by the Banking Association South Africa.
The Code may be accessed by visiting www.banking.org.za