KEY FEATURES
Our advanced risk rating and verification web application is an innovative tool designed to assist Accountable Institutions with client risk rating, verification, and screening requirements as mandated by the Financial Intelligence Centre Act, 2001 (FICA) and the Money Laundering and Terrorist Financing Control Regulations to FICA (the Regulations).
The FIC requires all accountable institutions to apply a risk-based approach to identify and verify clients and implement further customer due diligence on clients that may pose a higher risk.
EFICA simplifies compliance by electronically risk rating and screening your client, enabling you to create a robust onboarding process and ultimately reduce administration time and the potential.
COMPREHENSIVE SOLUTION
All-in-One KYC Solution
Perform comprehensive Know Your Customer (KYC) screenings, use the customizable risk matrix setting ensuring all your Clients are risk rated by the same rules and perform additional customer due diligence based on the risk status, all in one system.
All-in-One KYC Solution
Perform comprehensive Know Your Customer (KYC) screenings, use the customizable risk matrix setting ensuring all your Clients are risk rated by the same rules and perform additional customer due diligence based on the risk status, all in one system.
Risk-Based Approach
Includes a fully customizable risk rating featureallows
you to implement your own risk matrix solution with configurable drop-down options that is specific to your business. Your client will automatically be risk rated as Low, Medium or High Risk based on your risk score selection.
Risk-Based Approach
Includes a fully customizable risk rating featureallows
you to implement your own risk matrix solution with configurable drop-down options that is specific to your business. Your client will automatically be risk rated as Low, Medium or High Risk based on your risk score selection.
AUTOMATED DATA SCREENING
AND VERIFICATION
Global PEP Screening
Automatically screen clients against global Politically Exposed Persons (PEP) databases that include both local and foreign PEPs.
Global PEP Screening
Automatically screen clients against global Politically Exposed Persons (PEP) databases that include both local and foreign PEPs.
Global Adverse Media Screening
Identify clients involved in adverse media relating to AML and Financial Crimes worldwide.
Global Adverse Media Screening
Identify clients involved in adverse media relating to AML and Financial Crimes worldwide.
Global Sanction Screening
Screen clients against various international sanction and watch lists.
Global Sanction Screening
Screen clients against various international sanction and watch lists.
SA ID Validation
Validate South African identity numbers.
SA ID Validation
Validate South African identity numbers.
SA Address Verification
Verify South African addresses.
SA Address Verification
Verify South African addresses.
Entity Verification
Verify registration details of entity and basic information of Directors as per CIPC data.
Entity Verification
Verify registration details of entity and basic information of Directors as per CIPC data.
ULTIMATE BENEFICIAL
OWNERSHIP (UBO) FEATURES
Organogram
This Unique feature enables you to create the shareholding structure and identify and verify the Ultimate Beneficial Owner (UBO) of juristic entities.
Organogram
This Unique feature enables you to create the shareholding structure and identify and verify the Ultimate Beneficial Owner (UBO) of juristic entities.
Full UBO Screening & Risk Rating
Perform comprehensive UBO screening, including Global Sanction, Adverse Media, and PEP screening, as well as ID and address validation.
Full UBO Screening & Risk Rating
Perform comprehensive UBO screening, including Global Sanction, Adverse Media, and PEP screening, as well as ID and address validation.
Enhanced CDD
Implement automated enhanced due diligence requirements for High-Risk clients based on your RMCP.
Enhanced CDD
Implement automated enhanced due diligence requirements for High-Risk clients based on your RMCP.
Review date
Set review dates for clients according to your risk management compliance programme.
Review date
Set review dates for clients according to your risk management compliance programme.
ONGOING MONITORING AND
USER ACCESSIBILITY
Ongoing Monitoring
Continuously monitor clients for any changes in risk status.
Ongoing Monitoring
Continuously monitor clients for any changes in risk status.
Unlimited Multi-User Access
Provide access to multiple users without additional costs.
Unlimited Multi-User Access
Provide access to multiple users without additional costs.
CUSTOMISABLE AUTHORITY LEVELS
Customisable Authority Levels
Set up access and onboarding decision making according to your authority levels.
Customisable Authority Levels
Set up access and onboarding decision making according to your authority levels.
TRANSPARENT PRICING
AND REPORTING
Transparent Pricing
Enjoy clear and straightforward pricing with no hidden costs.
Transparent Pricing
Enjoy clear and straightforward pricing with no hidden costs.
Comprehensive KYC Reports
Generate detailed KYC reports to maintain robust compliance records.
Comprehensive KYC Reports
Generate detailed KYC reports to maintain robust compliance records.
INTEGRATION OPTIONS
Integration Options
Integration options available via our API functionality.
Integration Options
Integration options available via our API functionality.
COMPREHENSIVE SOLUTION
All-in-One KYC Solution
Perform comprehensive Know Your Customer (KYC) screenings, risk rate your client and perform additional customer due diligence. All in one system.
All-in-One KYC Solution
Perform comprehensive Know Your Customer (KYC) screenings, risk rate your client and perform additional customer due diligence. All in one system.
Risk-Based Approach
Includes a fully customizable risk rating featureallows
you to implement your own risk matrix solution with configurable drop-down options that is specific to your business. Your client will automatically be risk rated as Low, Medium or High Risk based on your risk score selection.
Risk-Based Approach
Includes a fully customizable risk rating featureallows
you to implement your own risk matrix solution with configurable drop-down options that is specific to your business. Your client will automatically be risk rated as Low, Medium or High Risk based on your risk score selection.
With eFICA, Accountable Institutions can ensure compliance with ease and confidence, utilising a powerful tool designed for efficiency and accuracy.
We’re committed to keeping you informed and compliant.
Click
here
for the latest compliance news
GET COMPLIANT CONTACT US
- info@efica.co.za
- +27 (0)76 558 8448
-
20 High Street, Hermanus,
South Africa, 7200
