10. FIC (Financial Inteligence Centre)

An Estate Agency is considered to be an accountable and reporting entity. It is required by law to register with FIC (Financial Intelligence Centre). Once registered, you will be given an “AI” number. This number will be required by your auditor before they can complete the EAAB Audit reports.

Failure to register with FIC or to update changes is an offence and may result in imprisonment for a period not exceeding five years and/or a fine of R10 million.

Registration is required to be completed within 90 days of the Company being registered. As soon as your registration with the EAAB is complete, make sure you register with FIC. There is no cost involved with this registration.

The following links will guide you through the registration process. Should you have any queries kindly contact them on 012 641 6000.

Annexure 12 – FIC New Registration and Reporting Platform

Annexure 13 – goAML Registration AIRI

 

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