FICA COMPLIANCE
MADE EASY.
eFICA simplifies compliance by electronically risk rating, screening and verifying your client, enabling you to create a robust onboarding process.
Pay as you go.
Simple, secure and easy to use.
OVER 500 ACCOUNTABLE INSTITUTIONS ACROSS VARIOUS INDUSTRIES TRUST EFICA.
EASY-TO-USE AND EFFECTIVE FICA COMPLIANCE WITH A PAY-AS-YOU-GO MODEL.
EFFECTIVE COMPLIANCE IS OUR MISSION.
eFICA is designed by an experienced team that understands FICA compliance and the KYC (know your client) requirements. With our combined years of experience in FICA compliance, our diverse backgrounds have come together to create eFICA—a user-friendly and cost-effective solution for seamless client onboarding.
Our core management team of three is one of the key reasons eFICA stands out. Their diverse expertise and extensive experience drive our commitment to delivering top-notch compliance solutions. Here’s a closer look at the team behind eFICA:
Peter Jones
With a robust background in financial services and banking, Peter Jones founded the Charter Group in 2002 after identifying a niche in third-party banking administration. Partnering with Investec Bank, the Charter Group now manages over 2 billion on behalf of 300 law firms. As a key player in eFICA’s development, Peter directs the company’s strategic vision and day-to-day operations, ensuring that eFICA remains at the forefront of FICA compliance.
Melissa Mellett-Kriel
Melissa Mellett-Kriel brings a wealth of legal expertise to eFICA. A graduate of the University of Stellenbosch with a BComm LLB, Melissa was admitted as an attorney in 2013. Her background includes asset management and compliance within private equity and investment management. Since joining the Charter Group in 2016, Melissa has been instrumental in developing eFICA, focusing on legal and compliance aspects while actively shaping the company’s strategic direction.
Waynne Meintjes
Waynne Meintjes holds a BA (Hons) in Biokinetics with Business Administration from the University of the Free State. His career spans from working as a Biokineticist in professional rugby to establishing major projects in Europe. Joining the Charter House Group in 2007, Waynne has been vital in expanding fiduciary services and integrating eFICA into the company’s offerings. His expertise in operational management and fiduciary administration supports eFICA’s mission to provide effective compliance solutions.
KEY FEATURES
Bespoke Risk Rating
Bespoke Risk Rating
ID and address verification
ID and address verification
Sanction screening
Sanction screening
Adverse Media screening
Adverse Media screening
PEP screening
PEP screening
Customer Due Diligence
Customer Due Diligence
Ongoing Monitoring
Ongoing Monitoring
Ultimate Beneficial Owner
Ultimate Beneficial Owner
WHAT SETS US APART?
Our system operates on a unique pay-as-you-go model, which means:
You only pay for the searches you perform.
There are no user fees, no subscription fees, and no monthly charges.
HOW IT WORKS
- Register for eFICA
- KYC and AML screening of clients and UBO’s
- Upload Your Clients Details
- Make onboarding decision
- Risk Rates clients and UBO’s
- Generate your KYC Report
FAQ’S
Got Questions? We've Got Answers! Here's everything you need to know about FICA and why eFICA is your next best business choice on your path to compliance.
FICA stands for the Financial Intelligence Centre Act, 2001. It is South Africa’s legislative framework aimed at combating money laundering, terrorist financing, and other financial crimes.
Money Laundering: The process of disguising the origins of illegally obtained money, typically by passing it through a complex sequence of banking transfers or commercial transactions.
Terrorist Financing: The provision of funds to support terrorism activities, either directly or indirectly.
Proliferation Financing: The funding of activities related to the development, acquisition, and distribution of weapons of mass destruction (WMD), including nuclear, chemical, and biological weapons.
An Accountable Institution is any organization required by law to comply with FICA regulations. This includes financial institutions (like banks), legal practitioners, estate agents, and other entities involved in financial transactions or services.
Verify Clients: Conduct due diligence to confirm client identities.
Keep Records: Maintain detailed transaction and client records.
Manage Risk: Implement risk management procedures.
Report Suspicious Activity: Notify the Financial Intelligence Centre (FIC) of any suspicious transactions.
Compliance Program: Establish and maintain compliance measures and staff training.
Monitor Continuously: Regularly review and monitor client transactions.
Yes, an Accountable Institution (AI) can outsource certain functions, such as customer due diligence or compliance tasks. However, the AI remains responsible for ensuring that the outsourced activities comply with FICA regulations and that the outsourcing provider meets all legal and regulatory requirements.
We’re committed to keeping you informed and compliant.
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GET COMPLIANT CONTACT US
- info@efica.co.za
- +27 (0)76 558 8448
-
20 High Street, Hermanus,
South Africa, 7200
