Internationally, governments have agreed to fight organised crime and terrorism by among others, seizing the proceeds of crime and making money laundering a criminal offence. For purposes of control the South African Government has promulgated the following acts in an attempt to fight organised crime:

• The Banks Act 94 of 1990
• The Prevention of Organised Crime Act 121 of 1998
• The Financial Intelligence Centre Act 38 of 2001

The focus of abovementioned is on control requirements and as a provider of Financial Products and Services it is required of Axial to comply with the requirements of the abovementioned acts.

The information and documents required vary depending on whether you are our customer on a personal individual capacity or part of an entity. These categories are further broken down as per the list under FICA requirements on the left top side of this web page. Please click on the appropriate item which will take you to the relevant web page detailing all the requirements as per the act.