SimplB’s onboarding is FICA-compliant and processed through CAEP Asset Managers, the FSP licence holder under which SimplB operates as a Juristic Representative. South African law requires identity verification and source-of-funds documentation before any Bitcoin purchase. This is not optional and protects you and your account from regulatory exposure.
The verification team at CAEP handles the compliance process and will guide you through any requirements specific to your situation. Most clients complete FICA documentation within a few days of submitting the form.
Onboarding is confidential. Your information is not shared with third parties outside of FICA and regulatory obligations, and is used only for the purpose of providing SimplB’s regulated Bitcoin services.