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FICA READINESS QUESTIONNAIRE
Please complete this questionnaire required by the South African Reserve Bank

What is the objective of FIC? List two objectives (2) Required
What is the purpose of FIC? List two purposes (2) Required
What does FICA stand for? (1) Required
What is money laundering? (1) Required
What is terrorism financing? (1) Required
What does ADLA stand for? (1) Required
Is Kawena Exchange an accountable institution? (1) Required
What are the duties imposed on Kawena as an accountable institution? List four duties. (4) Required
Name four documents that are accepted as an identification document. (4) Required
Can you accept a South African passport and Foreign ID? (1) Required
What information is required for sending to a beneficiary online? (4) Required
What is the daily limit to send money/purchase online? (1) Required
What is the maximum rand value a customer can deposit in their E-wallets? (1) Required
What does it cost to send money/purchase online for Zimbabwe and Malawi? (1) Required
What is the Cash Threshold Report (CTR) amount? (1) Required
What must you do when the CTR amount is exceeded? (1) Required
What must you do when a representative of FIC insists on accessing company information? (1) Required
How long must we keep customer information and transactions for? (1) Required
What is the monthly “Rand” limit for sending money/purchasing online to Zimbabwe and Malawi? (1) Required
Where can you find a copy of the Terms and Conditions of Kawena Exchange for Zimbabwe and Malawi? (1) Required
Do staff have access to FICA, regulations and all related documentation and internal rules? (1) Required
Is non-compliance with the provisions of FICA, regulations, internal rules and all related documentation a dismissible offence? (1) Required
List 6 suspicious or unusual transaction or activity indicators. (6) Required
What must you do if you suspect a suspicious transaction or an unusual activity? (2) Required
What does DPIP and FPPO stand for? (2) Required
Name two examples of a DPIP (2) Required
Must all staff comply with FICA and all relative legislation? (1) Required
Who is liable/responsible for the above-mentioned offences? (2)t all staff comply with FICA and all relative legislation? (1) Required
Who is the Compliance Manager and in what method of communication must you report issues to him/her? (2) Required
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