Mosi-oa-Tunya Gold Coins: RBZ Releases Documents You Need To Make A Purchase
The Reserve Bank of Zimbabwe (RBZ) has released a list of documents you need to purchase the Mosi Oa Tunya gold coins.
According to the central bank, the gold coins will be sold to individuals and corporates where KYC and CDD assessments have been done.
Individuals who want to purchase a Mosi Oa Tunya gold coin should have a valid identification document. Minors can make purchases if they have a birth certificate.
A buyer should also produce proof of address of not less than three months old or an affidavit in the form of a sworn statement from a commissioner of oaths.
Individual buyers should also produce an original bank statement, not older than three months. In the event that an individual is buying coins on another person’s behalf, the identity of the other person will be verified and the client’s authority to conclude the transaction on behalf of the other person will be established.
iHarare presents the full statement published by the RBZ regarding the purchase of gold coins:
KYC DOCUMENTS FOR GOLD COIN TRANSACTIONS
All appointed agents should ensure that gold coins are sold to buyers where KYC and CDD assessments have been done. In instances where such an agent does not have the KYC assessment for the buyer, the following guidelines shall apply: –
(i) Individual Buyers
The RBZ shall require Agents to ensure that individual buyers have any of the following documents to purchase the gold coins
a. National Identity Card;
b. a valid passport;
c. a valid driver’s license;
d. a birth certificate for a minor not yet in possession of an identity document.
Proof of address of not less than three months old (e.g. telephone account, rates and taxes account, levy account and retail accounts). If the buyer is unable to provide proof of residential address, an affidavit may be considered instead. An affidavit should be in the form of a sworn statement from a commissioner of oaths such as the police Service attesting to the correctness of the information given under oath.
Bank statements: an original bank statement, not older than three months, or a bank statement not older than three months obtained over the counter and stamped by the issuing branch.
In cases where a buyer is acting on behalf of another person, the identity of the other person will be verified and the client’s authority to conclude the transaction on behalf of the other person will be established.
In the event of the lawful owner being a company, the registered name as well as the trading name should be provided if the two differ. The physical address from which the company operates should also be provided (if there are multiple addresses, the street address of the office wishing to sell the coin and the Head Office address must be obtained and verified). In order to verify the identity of the above, the following documents will be sufficient:-
i. Company: Certification of Incorporation and Memorandum of Incorporation, and any other forms amending company information, as applicable (e.g. certificate of change of name of company).
ii. Listed and public companies: No verification documents are required. iii. Other legal entities such as organs of state: A valid identity document of the person representing the company must be provided. iv. In order to verify the address of the company/close corporation, any of the following documents will be acceptable:
a. A bank statement on official bank documentation or utility bill (municipal water and electricity account or a letter from a property managing agent;
b. Recent lease or rental agreement;
c. Municipal rates and taxes invoice;
d. Telephone or cellular telephone account; or
e. Valid ZIMRA Tax clearance certificate.
(iv) Deceased estate For the deceased:
i. Certified copy of death certificate;
ii. Confirmation letter of the estate account from the bank.
(v) For the executor(s)
i. A national identity card, a valid passport, a valid driver’s license
ii. Letter of executorship; and
iii. Proof of address not older than three months.
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