FICA Changes 2026 for Motor Dealerships | Team BLEX
16 September 2026
Compliance, built for dealerships that don't have time to become compliance experts.
Who we are, the law behind what we do, the services we offer — and the person building it.
Every dealership is already an Accountable Institution. Most just don't run it that way yet.
Team BLEX (Pty) Ltd provides outsourced FIC Act compliance services to motor vehicle dealerships across South Africa — and the reason we exist starts with a piece of legislation most sales floors have never had reason to read closely.
Under Schedule 1, Item 20 of the Financial Intelligence Centre Act 38 of 2001 ("the FIC Act"), any business that deals in high-value goods — including every motor vehicle dealership — is classified as a High-Value Goods Dealer. That classification carries a legal label most dealer principals don't realise applies to them: Accountable Institution.
Being an Accountable Institution isn't optional and it isn't a formality. It means your dealership carries statutory obligations around customer identification, recordkeeping, screening, and reporting — the same category of obligations placed on banks and estate agents, just scaled to your business.
This is where Team BLEX fits in. We operate as your outsourced service provider under Section 24 of the FIC Act. We take on the operational work — the due diligence, the screening, the record preparation — but the Act is clear that outsourcing operational tasks does not transfer legal liability. Your dealership remains the Accountable Institution. Our job is to make that responsibility easier to carry properly, not to take it off your books.
The operational side of compliance, handled.
Team BLEX exists so your team can sell cars, not become FIC Act specialists. Here's what we take off your plate:
CDD & EDD
Customer Due Diligence and Enhanced Due Diligence — verifying who you're dealing with, before the deal closes.
Screening
Sanctions, PEP, and adverse media screening on every customer, run through an automated third-party screening system.
RMCP Drafting
A Risk Management and Compliance Programme tailored to your dealership, as required under the Act.
CTR & STR Records
Cash Threshold and Suspicious Transaction record preparation — ready for your Compliance Officer to file.
Three ways to work with us
Starter Pack
Once-Off
Compliance Portal
Monthly
Per-Deal Screening
Per Deal
§ 03 THE PERSON BEHIND IT
Meet the founder.
Lee Flattery
FOUNDER & CEO, TEAM BLEX
Before founding Team BLEX, Lee spent 15 years in business development and quality control — including 15 years working as a qualified ISO auditor. That background shapes how Team BLEX is run: every report, checklist, and template we produce is built the way an auditor builds a working paper — traceable, consistent, and ready to withstand scrutiny.
15
YEARS, BUSINESS
DEVELOPMENT
15
YEARS, ISO AUDITOR
QC
QUALITY CONTROL BACKGROUND
Team BLEX was built on a simple observation: motor dealerships are excellent at selling cars and were never meant to become anti-money-laundering specialists. Lee founded Team BLEX to bring an auditor's discipline to FIC Act compliance — so dealerships get the rigour of a formal quality system, without having to build one in-house.
Not sure where your dealership stands?
Book a free compliance assessment and find out what your FIC Act exposure looks like today.
Team BLEX prepares compliance documentation and processes on behalf of client dealerships. Each dealership remains the Accountable Institution under the Financial Intelligence Centre Act 38 of 2001 and retains full statutory responsibility for its own compliance.
