| Document | Accepted | Age limit |
|---|---|---|
| Identity | South African ID, smart card or passport | Current |
| Proof of address | Utility bill, bank statement, lease, municipal account | Three months |
| Tax number | SARS notice or eFiling confirmation | Current |
| Bank account proof | Stamped statement or bank confirmation letter | Three months |
| Source of funds | Payslip, statements, sale agreement | Risk dependent |
| For a company | CIPC documents, directors' IDs, shareholding | Current |
| Client risk | What is required |
|---|---|
| Standard | Identity and address verification |
| Higher risk | Source of funds and enhanced monitoring |
| Politically exposed person | Senior management approval and source of wealth |
| Foreign client | Additional verification of residence and source |
| Ongoing | Records refreshed periodically, not once at onboarding |
| Report | Trigger | To |
|---|---|---|
| Cash threshold report | Cash of R49,999.99 or more | Financial Intelligence Centre |
| Suspicious transaction report | Any suspicion, no threshold | Financial Intelligence Centre |
| Terrorist property report | Property linked to a listed person | Financial Intelligence Centre |
| International funds transfer report | Cross-border transfers above the threshold | Financial Intelligence Centre |
Data maintained by TradeAnswers · updated as the figures change