Coming soon: FICA Compliance administration service

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Our service provides end to end administrative support for FICA compliance on behalf of Accountable Institutions, while ensuring that the institution retains full control over client onboarding decisions and remains aligned with its own risk based approach and Customer Due Diligence (CDD) policies.

Key Benefits:

  • Reduces administrative burden on internal teams
  • Ensures efficient, compliant processing of FICA obligations
  • Preserves the institution’s control over risk appetite and client approval
  • Seamless alignment with your internal policies and onboarding framework

 

This service is ideal for institutions looking to streamline FICA compliance without compromising governance, oversight, or regulatory accountability.

Scope of Work:

  • eFICA System Setup and Customization
    We configure and maintain your institution’s profile on the eFICA web-based screening platform, including integration of your customized risk rating criteria and FICA compliance policies.
  • Client Information Collection
    We manage the process of gathering accurate and complete FICA documentation and information directly from your clients, in line with your institution’s specific requirements.
  • Information Processing and System Capture
    All collected data is securely processed and captured on the eFICA system, ensuring compliance with regulatory standards and alignment with your institution’s defined risk rating and due diligence procedures.
  • Risk Rating Application
    We apply your institution’s customized risk rating model to each client profile, ensuring consistency with your internal FICA and AML framework.