WHY TEAM BLEX?
01
SINGLE POINT SOLUTION
to motor dealers for compliance to the Financial Intelligence Centre Act 38 of 2001.
02
OUR DEALER
orientated solution allows motor vehicle dealers a paperless cloud-based access point to achieve and maintain compliance status in terms of the prescribed act.
03
OUR DEALER
ORIENTATED SOLUTION
facilitates the entire process, affording the dealership full compliance with little to no effort at all.
04
AVOID NASTY
PENALTIES
and complex administrative processes, join the team that takes the FIC out of difficult.
THE FINANCIAL INTELLIGENCE CENTRE (FIC)
The Financial Intelligence Centre (FIC) plays a vital role in combating money laundering, terrorist financing, and other financial crimes in South Africa. For motor vehicle dealerships, compliance with FIC requirements typically involves adhering to strict regulations to prevent illicit financial activities.
FIC
KEY POINTS-MOTOR VEHICLE DEALERSHIP UNDER THE FIC ACT
- Reporting Obligations
- Customer Identification
- Record Keeping
- Compliance Officer
- Training and Awareness
