As an accountable institution, defined in section 1 of the Financial Intelligence Centre Act No. 38 Of 2001 (“FICA”), the Land and Agricultural Development Bank of South Africa (“the Land Bank”) is required to comply with the KYC (know-your-customer) requirements of FICA.
The Land Bank is required to:
The KYC requirements apply to all natural persons, juristic persons, partnerships and trusts. There is no exception to the application of the KYC requirements. All new and existing clients are required to comply.
Copyrights 2018 © LAND BANK. All Rights Reserved | Registered Credit Provider: NCRCP18 | VAT number: 4560121081
Land Bank shall not be liable for any loss or damage arising from any unauthorised use of Land Bank website/ Customer eServices Portal, whether as a result of the client sharing their passwords with representatives, exceeding their authority, fraud, theft of client`s equipment or as a result of any compromise to the confidentiality of the verification mechanisms and the client indemnifies Land Bank accordingly.