Let’s face it, FICA can be a real pain in the behind to do when you sign up to a bookie. So to save you time and trouble we thought we’d make this guide on the best FICA practises so that you do not need to struggle to get your account up and running.
What is FICA?
The Financial Intelligence Centre Act, 38 of 2001 (FICA), came into effect on 1 July 2003. FICA was introduced to fight financial crime, such as money laundering, tax evasion, and terrorist financing activities. This law brings South Africa in line with similar legislation in other countries
designed to reveal the movement of moneys derived from unlawful activities, thereby curbing money laundering and other criminal activities.
What do I need to FICA my Account?
Your green barcoded South African identity document or the new smart identity card.
A utility bill (such as your water or electricity account) that shows the stand/erf number of your property and your name and address. You can also use other account bills for this but some bookies are picky about what documents they want from you.
How do I avoid the hassle every time I sign up with a bookmaker?
Keep all your documents in a folder on your pc or stored on the cloud ready for use. This way you have access to them and don’t have to both with making new scans etc. You can also forward the same email that you sent to other bookies to the one you just signed up with!
Are there other ways that I can FICA?
Yes! Some bookmakers are offering a Whatsapp service where you simply take a picture of the required documents and send it to them over Whatsapp. Very convenient!
I’m still stuck and unable to FICA?
Many bookies have simple guides on their websites showing you how :
We hope we were able to help you with the process, if you have any troubles, questions or feedback then please drop us a comment or an email.