CC Checklist



Checklist for client identification and verification of a

Close Corporation

(A corporation established in terms of the Close Corporation Act, 1984 (Act.No.69 of 1984)


Information Required Verification Procedure

Registered name Registration number
Registered address

Founding Statement and Certificate of Incorpo­ration (form CK1) and Amended Founding Statement (form CK2) if applicable, bearing the stamp of the Registrar of Close Corporations and signed by an authorised member or employee of the close corporation.

Trade name
Head office address
Address of office seeking to establish relationship if not the same as Head Office.

Primary procedure
One of the following (less than three months old)
  • A utility bill reflecting the name and residential address of the person
  • Municipal rates invoice reflecting name and residential address
  • Telkom account reflecting the name and residential address of the person
  • Cell phone account reflecting the name and residential address of the person
  • A payslip or salary advice with name and residential address.
  • Lease or rental agreement reflecting the name and residential address (< 1year)
  • Correspondence from a body corporate or share-block associa¬tion reflecting the name and residential address of the person (< 1year)
  • Television licence reflecting the name and residen¬tial address (< 1 year)
  • Motor vehicle licence documentation with name and residential address (< 1year)
  • Short-term insurance documentation with name and residential address (< 1year)
  • A SARS tax return reflecting the name and address of the person (< 1 year)
Secondary procedure
  • A declaration from another person sharing/owning/leasing the residential address containing:
  • The name and residential address of client being verified;
  • Name, date of birth, identity number and residential address of the person supplying the statement; and
  • The relationship between the persons who share the address.
  • Utility bill
  • Electronic enquiry
SA income tax registration number (not required at present) Primary procedure
Document bearing number and name issued by SARS.

Member Information
If member is SA Citizen
- Full name
- Date of birth
- Identity number

Primary procedure
Green bar-coded identity document

Secondary procedure
If identity document not available, for valid reasons, alternatives are:


  • Drivers licence
  • Passport

If member is a foreigner
- Full names
- Date of birth
- Nationality

Primary procedure
Green bar-coded identity document

Secondary procedure
If identity document not available, for valid reasons:

  • Letter on employment stating full details (To be verified by phone and name of person spoken to recorded on copy retained)
  • Personal reference in the form of an affidavit from an existing client of 5 years standing in respect of whom KYC verification was done; or
  • Personal reference in the form of an affidavit from a staff member in the employ of the Bank for at least two years
Residential addresses of members Information to be obtained

Person who exercises executive control over the close corporation and/or person who is authorised to establish the relationship
- Full names
- Date of birth
- Identity number (SA citizen or resident) or nationality (if foreigner)

Same procedure and verification applicable as for members.

Authorisation of person acting on behalf of the close corporation, to establish the relationship

All members are required to sign the opening account forms
A resolution confirming the authorisation of the person acting on behalf of the CC
One of the following documents may be utilised as written instruction to confirm authority to establish the relationship:


  • Power of Attorney; or
  • Mandate; or
  • Resolution duly executed by authorised signatories; or
  • A court order authorising the third party to conduct business on behalf of another person.

Page last updated: 2019-08-14