2.9.1 Maintain Financial Intelligence Centre Act

This topic provides information on maintaining Financial Intelligence Centre Act (FICA).

The Financial Intelligence Centre Act (FICA) came into full operation on 30 June 2003. FICA enforces the fund houses to produce identity to their customers. The identity can be produced based on the information given by the customer such as some identification document, residential address via utility bills or any other legal rental/ lease agreements and so forth. The non-FICA customers are constrained to only certain transactions. Following are the list of transactions that are restricted to non-FICA customers.