PURPOSE OF CONTRIBUTION

This section documents the reason the member is making contributions to the ZEPCC programme. Financial institutions are legally required under FICA, AML, and international regulatory frameworks to record and understand the purpose of transactions to prevent the misuse of financial systems. Capturing this information demonstrates legitimate intent, reduces risk, and ensures alignment with the objectives of the SACCO housing initiative. Since ZEPCC is a structured housing project, the purpose is fixed so that all payments can be correctly allocated, audited, and reconciled against the project’s operational requirements. This declaration supports both transparency and compliance oversight.

SOURCE OF FUNDS (SOF)

This section verifies where the contributed funds originate from. This is a mandatory requirement under AML, FATCA, FICA, and global anti-financial-crime regulations. Declaring the true source of funds helps ensure that contributions come from lawful and traceable origins. It also enables the SACCO and its compliance partners to identify irregular patterns, assess risk, and maintain proper audit trails. Providing an accurate declaration supports regulatory adherence and safeguards the member from future compliance queries.

SUPPORTING DOCUMENTS

Document uploads are required to verify each member’s identity and ensure that the details provided match the official identification documents. This process supports compliance with KYC, AML, FICA, FATCA, and the D-DIP24 Protocol. Proper verification prevents impersonation, fraud, and the misuse of financial channels. The system follows a conditional logic flow to ensure that only the necessary files are requested based on the document type selected. All images must be clear and fully readable to pass automated and manual verification checks.

PEP / PIP DECLARATION

This section determines whether the member is a Politically Exposed Person (PEP) or Prominent Influential Person (PIP). These classifications indicate higher potential risk from a compliance perspective due to increased exposure to corruption, influence, or public authority. Financial institutions must apply enhanced due diligence for such individuals as required by AML, FATCA, and related regulations. Declaring PEP/PIP status ensures transparency and prevents regulatory breaches.

NOMINEE / BENEFICIARY DETAILS

This section captures information about the individual officially nominated to receive or assume the benefits of the housing contribution if anything happens to the contributing member. Recording nominee details in advance prevents disputes, ensures clear beneficiary assignment, and supports structured succession within the SACCO. Beneficiary information is maintained securely and used only for authorised purposes relating to benefit succession.

TERMS OF USE, COMPLIANCE & CONSENT

By submitting this form, I hereby acknowledge, understand, and provide explicit consent for the collection, processing, verification, and secure storage of my personal information in accordance with all applicable South African, regional, and international data-protection and financial-compliance laws. This includes, but is not limited to, the Protection of Personal Information Act (POPIA), the General Data Protection Regulation (GDPR), the Financial Intelligence Centre Act (FICA), the Foreign Account Tax Compliance Act (FATCA), relevant Know Your Customer (KYC) and Anti-Money Laundering (AML) frameworks, Counter-Terrorism Financing (CTF) regulations, and the D-DIP24 verification protocol.

I understand and agree that the information I provide, including my identity documents, biometric information (such as a selfie for identity matching), contact details, residential address, nominee information, and financial declarations, will be used exclusively for regulatory screening, customer due diligence, identity verification, sanctions monitoring, and general compliance assessments required for participation in the ZEPCC housing contribution programme. I acknowledge that these checks may include validating my identity against official databases, screening for sanctions or watchlist matches, reviewing politically exposed person (PEP/PIP) status, and performing background checks required under national and international compliance standards.

I consent to my information being shared strictly with vetted, regulated, and compliant third-party service providers, including identity verification companies, risk-screening platforms, sanctions-list providers, payment processors, and compliance partners who assist in fulfilling legal and regulatory obligations. I understand that such providers operate independently, maintain their own compliance standards, and are obligated to handle all personal data in the manner required by POPIA, GDPR, and equivalent laws. My information will not be shared with any unauthorised parties or used for marketing or non-compliance-related purposes.

I further consent to ongoing monitoring, which includes continuous or periodic identity re-verification, rescreening against updated sanctions and PEP/PIP lists, transaction and behavioural monitoring, and additional compliance reviews as required by law or triggered by changes to my profile, activity, or risk classification. I acknowledge that regulatory compliance is a continuous process and that such monitoring is mandatory for my continued participation in the programme.

I understand that I have the legal right to request access to, correction of, or deletion of my personal information, and may withdraw my consent at any time subject to applicable regulatory constraints. Withdrawal of consent may limit or prevent my ability to continue participating in or making contributions to the ZEPCC programme, as compliance verification is a statutory requirement. Queries relating to data rights may be directed to compliance@damrev.com.

I acknowledge and accept the terms and conditions governing payment processing, including the use of secure payment gateways, the involvement of authorised ZEPCC payment-processing partners, and the requirement for transaction monitoring to ensure that all contributions originate from legitimate and verifiable sources. I consent to the verification of my payments and the tracing of financial flows for compliance, audit, and reconciliation purposes.

By submitting this form, I confirm that I have read, understood, and agree to all compliance, verification, payment, and data-processing terms set forth above. I acknowledge that submission does not guarantee onboarding approval and that additional documentation may be requested.