How to complete the FICA process:
Topbet is an accountable institution that is bound by the requirements of the Financial Intelligence Act.
FICA and gambling regulations require that Topbet verify the details of a customer submitted when opening an account
- A copy of their identity document (South African ID document) or valid passport
- Proof of residence not older than 3 months.
Customers are therefore required to submit the following documentation:
#Note: Only clearly visible FICA documentation will be accepted
We kindly request that customers upload all documents to our website or alternatively mail it to:
The Financial Intelligence Centre (FIC) is South Africa’s national centre for the receipt of financial data, analysis and dissemination of financial intelligence to the competent authorities. The FIC was established by the Financial Intelligence Centre Act, 2001 (Act 38 of 2001) and has the mandate to identify the proceeds of crime, combat money laundering and terror financing.It does this by seeking to:
The FIC Act introduces a regulatory framework of measures requiring certain categories of business to take steps regarding client identification, record-keeping, reporting of information and internal compliance structures. The Act obliges all businesses to report to the FIC various suspicious and certain other transactions. The FIC uses this financial data and available data to develop financial intelligence, which it is able to make available to the competent authorities and supervisory bodies for follow-up investigations or administrative action.
All accountable and reporting institutions are required to register with the FIC. The FIC and supervisory bodies have the authority to inspect and impose administrative penalties on non-compliant businesses. The Act also introduced an appeal process and an appeal board.
South Africa is a member of the Financial Action Task Force, the international body which sets standards and policy on anti-money laundering and for combating the financing of terrorism (AML/CFT). In addition, it is also a member of the Eastern and Southern Africa Anti-Money Laundering Group, a regional body of the FATF which aims to support countries in the region to implement the global AML/CFT standards.
The FIC is a member of the Egmont Group, which is made up of financial intelligence units from 153 countries. The primary aim of the organisation is to facilitate co-operation and sharing of financial intelligence information among its members.