Fickle

The South African FIC corpus, mapped.

Corpus last synced 15 May 2026 at 11:22 SAST.

Automated best effort research support. Fickle uses deterministic rules and AI assistance to resolve relationships and statuses where it can. It can be wrong, incomplete, or superseded. Check the cited source before relying on it.

Statutes section 22A

Section 22A: Obligation to keep transaction records

In force from 2 October 2017

## 22A. Obligation to keep transaction records

(1) An accountable institution must keep a record of every transaction, whether the transaction is a single transaction or concluded in the course of a business relationship which that accountable institution has with the client, that are reasonably necessary to enable that transaction to be readily reconstructed.

(2) Without limiting subsection (1), records must reflect the following information:

(a) The amount involved and the currency in which it was denominated;

(b) the date on which the transaction was concluded;

(c) the parties to the transaction;

(d) the nature of the transaction;

(e) business correspondence; and

(f) if an accountable institution provides account facilities to its clients, the identifying particulars of all accounts and the account files at the accountable institution that are related to the transaction.