Please be advised that:

In August 2008, the FICA was amended to provide that accountable institutions must register with the FIC "within the prescribed period and in the prescribed manner".

The period and manner have now been prescribed i.t.o. an amendment to the Money Laundering & Terrorist Financing Control Regulations (copy herewith). 

All existing accountable institutions, which include estate agents, must register between 1 December 2010 and 1 March 2011.  Anyone who opens a new business which is an accountable institution must register within 90 days of opening the business. 

Registration must be done electronically through the FIC website (www.fic.gov.za).  There is no registration fee, and no licence will be issued. 

Note that "accountable institutitons" refers to the Agency and not the individual Agent.  ALL agencies are accountable institutions.

For copies of additional flyers from FIC clarifying the process and addressing queries please view the following:

FICA Update for Estate Agents

Compulsory Registration Requirements

Important Notice to Estate Agents

The Financial Intelligence Centre can be contacted on:

Tel +27 860 FIC FIC (0860 342 342)

Fax +27 12 641 6439

http://www.fic.gov.za