1. All clients should be categorised into High, Medium or Low risk. *

2. FICA training only applies to Representatives of FSPs. *

3. Clients identified as ‘Prominent Persons’ require senior management/ key individual approval when entering into a business relationship. *

4. Identity documents need to be verified against the original source. *

5. The following are alternative methods of verification: *

6. ‘High Risk’ clients include family members of Prominent Persons. *

7. The following factors contribute to the general risk rating of clients: *

8. FSPs may not establish a business relationship with: *

9. Source of funds is a factor to be considered when risk- rating clients. *

10. The verification method and date should be recorded and signed on the identity document by the employee that is interacting with the client, unless verification has been provided by a Commissioner of Oaths. *