Fica for your holiday
I’M IN PRINCIPLE in favour of the Financial Intelligence Centre Act, commonly known as Fica. The steps to prevent money laundering and corruption are commendable, but it makes life difficult for the good guys. You regularly hear complaints about information having to be submitted repeatedly to the banks and about accounts being frozen, as our family has also experienced.
But the problem that we can’t solve is that my daughter, who lives and works in the United States, couldn’t change foreign currency when she was recently on holiday in SA.
As a South African citizen she must have an SA bank account, Fica clearance and proof of a residential address in SA to exchange US dollars for rand. Proof of her residential address and bank account in New York, as well as a passport showing that she was in SA for the first time in two years, weren’t acceptable.
Does anyone know what an SA citizen who lives overseas can do if he/she wants to holiday in SA – without making false statements or distorting the truth?