Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001)
Guidance Note 3
Guidance for Banks on Customer Identification and Verification and Related Matters
Establishing and Verifying Identities
Natural Persons - Foreign Nationals
15. Identification and verification
Regulation 6(3) of the Regulations provides for instances in which a bank deems it reasonably necessary to obtain, in addition to a person's identity document (foreign passport), further information or documentation verifying the identity of such a person.
In instances when a bank requires further confirmation of the identity of a foreign national, the bank may obtain such confirmation:
|•||a letter of confirmation from a person in authority (for example, from the relevant embassy), which confirms authenticity of that person's identity document (passport).|
Decisions concerning when further confirmation of the identity of a foreign national may be required and the nature of such information should be based on a bank's risk framework, referred to in paragraph 2 above.
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