Stay FICA Compliant & Legally Protected

If your business is listed as an accountable institution under Schedule 1 of the Financial Intelligence Centre Act, then yes. This includes estate agents, attorneys, financial service providers, accountants, motor dealers, crypto asset service providers, and many other business types. If you are unsure, a free assessment can determine whether the obligation applies.

A Risk Management and Compliance Programme (RMCP) is your documented framework for identifying, assessing, and mitigating money laundering risks. It's legally required under FICA and will be your first document requested in any FIC inspection.

The FIC or a relevant supervisory body may visit your premises and review your RMCP, client due diligence files, staff training records, and transaction monitoring processes. If documentation is absent, outdated, or generic, sanctions can range from a reprimand to significant fines, with personal liability possible in serious cases.

FICA documents vary by client type but typically include: proof of identity (ID/passport), proof of address, company registration documents, beneficial ownership declarations, and risk assessment records.

A Risk Management and Compliance Programme is the core document proving that your business has identified its money laundering and terrorist financing risks and implemented controls. It must reflect your actual operations, client base, and transaction patterns. A one-size-fits-all template is not enough.

Yes. The free tier includes RMCP drafting, goAML registration assistance, and an initial risk assessment. Ongoing obligations such as directive monitoring, RMCP updates, and staff training are covered by the paid tiers.

Software platforms can automate document collection. They cannot interpret current guidance, evaluate unusual risk profiles, or advise on whether a specific business activity falls within the accountable institution definition. Our service adds professional judgment and legal reasoning.

For the Free tier, the RMCP can be drafted within five business days of receiving business information. Full compliance from a standing start typically takes two to three weeks depending on responsiveness and the complexity of the business.