KYC/FICA requirements have become even more stringent

We understand that getting to know your clients (KYC) and fully complying with the Financial Intelligence Centre Act (FICA) can be a challenging task - especially when there are so many requirements involved.

In recent times, KYC/FICA requirements have become even more stringent due to the rise of money laundering and the sophistication with which it is being conducted. Therefore it is important to ensure continuous and consistent due diligence to monitor the level of risk clients pose to your business.

DocFox was built to simplify and automate this process. Our end-to-end FICA compliance software and services can streamline your FICA processes, ensuring standardised risk rating and screening of clients. 

We simplify your FICA processes to create consistency across your business by: 

• Efficient & Compliant Client Onboarding: enable clients to digitally and securely complete and upload documents. Documents and information received are automatically verified against 3rd party data from home affairs, credit bureaus, and CIPC.
• Watchlist & Media Screening: reduce the need for manual efforts by implementing ongoing and reliable screening against watchlist sanctions, DPEP and FPEP lists as well as adverse media.
• Consistent Risk Rating: clients are risk-rated in accordance with the rules set out by your business, ensuring consistent procedures are followed by your staff every time.
  

DocFox has a track record of assisting hundreds of businesses to become, and remain, FICA compliant. Trust us to automate your FICA processes, while you spend more time focused on growing your business.