Licences and FSP Application
ADLA Application
An Authorised Dealer is a person authorised by the Financial Surveillance Department to deal in gold or to deal in foreign exchange, for transactions relating to gold and foreign exchange respectively.
TPPP License Application Assistance
Third Party Payment Providers are non-bank Payment Providers.
There are two types of TPPP:
a. Beneficiary Service Providers (BSP); and
b. Payer Service Providers (PSP).
A PSP or BSP, in terms of SARB Directive 1 of 2007, accepts money or the proceeds of payment instructions from payers for on-payment to third persons to whom the money is due.
A TPPP may hold funds for payment due to in its own bank account for a limited time. It is typically enabled by a System Operator (SO)
All TPPP’s have to be registered by a clearing participant.
Compliance Monitoring and Profile Changes
- Profile changes
- Compliance monitoring
- FIC Reporting
- Financial Surveillance Reporting