Why do you have to declare that you are a prominent person or related to one?
The Financial Intelligence Centre Act (FICA) requires that you let Mesh know if you are a prominent influential person. The act differentiates between a domestic prominent influential person (DPIP), foreign prominent public official (FPIP) and a known close associate or family member of either. The same person can also have multiple statuses apply to them.
What is a Domestic Prominent Influential Person?
This is an individual who holds a prominent public function in South Africa, including in an acting position for more than 6 months or any time in the preceding 12 months.
Public functions include:
- President or Deputy President
- Government minister or deputy minister
- Premier of a province
- Executive council member of a province
- Executive mayor of a municipality
- Leader of a political party
- Member of a royal family or senior traditional leader
- Head, accounting officer or chief financial officer of a national or provincial department or government component
- Municipal manager or chief financial officer of a municipality
- Chairperson of the controlling body, chief executive officer, chief financial officer or chief investment officer of a municipal entity
- Constitutional court judge or any other judge
- Ambassador or high commissioner or other senior representative of a government based in South Africa
- Officer of the South African National Defence Force above the rank of major-general
Positions include:
- Chairperson of the board of directors
- Chairperson of the audit committee
- Executive officer
- Chief financial officer of a company that provides goods or services to a state organ above a Gazetted annual transactional amount.
What is a Foreign Prominent Influential Person?
This is an individual who holds or has held in the preceding 12 months, a prominent public function in any foreign country, including:
- Head of state or head of a country or government
- Member of a foreign royal family
- Government minister or equivalent senior politician or leader of a political party
- Senior judicial official
- Senior executive of a state-owned corporation
- High ranking member of the military
- Family members and known associates of domestic and foreign influential persons (close associates are individuals who are closely connected to a FPIP)
Who are immediate family members?
- Spouse, civil partner or life partner
- Previous spouse, civil partner or life partner
- Children and stepchildren, their spouses, civil partners or life partners
- Parents
- Siblings and step-siblings, their spouses, civil partners or life partners