Registration with the FIC is a legal obligation in terms of the FIC Act, as amended.
All accountable and reporting institutions – listed in Schedules 1 and 3 of the FIC Act must register with the FIC. It is also important that each branch and Juristic Representatives of a business must register with the FIC , not just the head office.
All registrations must be completed and submitted to the FIC electronically within 90 days from the commencement date of the business, using the goAML registration system. In exceptional circumstances an accountable or reporting institution may make use of a manual paper-based mechanism to register.
Registration is a free, once-off process. No reports can be submitted without registration
Please refer to the videos below for a step-by-step narrated video on how to register or update your details on the FIC’s registration and reporting system.
Section 1 – This video outlines the document required to register with the FIC.
Section 2 – This video is for entities already registered with the FIC and would like to update their details.
Section 3 – Entities registering with the FIC for the first time