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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

Legal Entities

16. Identification and verification of subsidiaries of listed companies


Exemption 6(1) of the Exemptions, applies to companies that are listed on a stock exchange mentioned in the Schedule to the Exemptions.


This Exemption does not apply to subsidiaries, whether wholly owned or not, of listed companies.