The Money Release Form is a crucial financial document used in South African business and personal transactions to formally authorize the transfer of funds between parties. This document is particularly important in contexts where a clear record of fund release authorization is required, such as property transactions, business settlements, trust disbursements, or estate distributions. The form must comply with South African financial regulations, particularly the Financial Intelligence Centre Act (FICA) and the Consumer Protection Act, requiring specific declarations and information about the source and purpose of funds. It serves as both a authorization mechanism and a record-keeping tool, protecting all parties involved in the transaction while ensuring regulatory compliance. The document is designed to be adaptable for use in various scenarios, from simple personal transactions to complex corporate financial releases, while maintaining its core purpose of providing clear authorization and documentation of fund releases.

1. Parties: Full legal names, identification numbers, and contact details of both the releasing party and recipient

2. Amount Details: Specific amount to be released in numbers and words, currency denomination

3. Purpose of Release: Clear statement of the reason for the money release and its intended use

4. Release Authorization: Explicit authorization statement for the release of funds

5. FICA Declaration: Declaration confirming compliance with FICA requirements and source of funds

6. Bank Account Details: Complete banking details of the recipient, including bank name, account number, branch code

7. Release Conditions: Any conditions that must be met before the release of funds

8. Signatures: Space for dated signatures of all parties and witnesses