THE RISK
FICA Compliance Starts Before The First Engagement
Attorneys and accountants are classified as accountable institutions and must perform customer due diligence before entering into professional relationships.
Failing to verify client information can result in: FICA compliance breaches, regulatory penalties, fraudulent client onboarding, increased risk exposure, reputational damage, and audit and compliance challenges.
Veriseal helps professionals verify client information quickly and consistently before services are provided.
HOW IT WORKS
How KYC Verification Works
1
Capture Client Information
2
Submit Verification Request
3
Verify Identity & Address Information
4
Review Verification Results
5
Proceed With Confidence
BUSINESS VALUE
What Can Be Verified?
Full Name
Verify client identity information.
South African ID Number
Validate identity details against trusted records.
Residential Address
Support FICA address verification requirements.
Contact Information
Confirm customer communication details.
Business Representatives
Verify directors, trustees, partners and authorised persons.
Due Diligence Requirements
Support customer due diligence and risk management processes.
USE CASES
Common Use Cases
Legal Client Onboarding
Verify clients before opening new matters or accepting mandates.
Trust Account Administration
Perform due diligence before handling client funds.
Accounting Services
Verify individuals and businesses before engagement.
Tax & Advisory Services
Validate client information during onboarding.
Company Registrations
Verify directors, shareholders and authorised representatives.
Estate & Trust Administration
Support compliance requirements when acting on behalf of clients.
