FICA
The landscape of money laundering and terrorist financing is continually evolving, with criminals employing increasingly sophisticated tactics. For South Africa to rid itself of its Greylisting, the solution cannot be a once-off“ fix”.
In response, South African businesses and regulatory bodies must, therefore, adopt advanced technologies and robust compliance measures to protect the financial system. Solutions like nCino KYC, which incorporate biometric authentication and liveness testing, offer effective tools to detect and prevent financial crimes. By embracing these innovations, organisations can enhance security, ensure compliance, and contribute to the integrity of the financial sector.
To discover how our nCino KYC’ s biometric liveness and facial authentication feature can help your business simplify your client onboarding and ensure FICA compliance.
Enquire here
FICA
About the author Hawken McEwan is a Director of Risk & Compliance at nCino KYC Africa
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