FICA Compliance in South Africa after exiting the grey list
Don’t let the new regulatory demands following the country’s removal from the grey list compromise your operations. Our solution integrates digital onboarding, AML, and transactional risk management into a comprehensive 360º defense aligned with FICA, SARB, and Joint Standard 2/2024. With explainable AI, full traceability, and audit‑ready controls for the South African market.
-
Built on 20 years of European regulatory expertise.
Compliant with GDPR and ISO 27001.
Claim your free compliance audit
We detect your location:
We see that you're in United States
Not your country?
Trusted by leading clients
International certifications and standards
ISO 30107-3
iBeta Level 2
ISO 27001
SOC 2
Why compliance expectations are rising in South Africa
Post-FATF grey list excellence
Historic milestone: FATF grey list removal (October 2025) following completion of an Action Plan addressing key deficiencies, including beneficial ownership transparency, MLTF prosecutions, and supervisory effectiveness.
Key Compliance Requirements
-
DHA biometric verification (fingerprint and facial recognition)
-
PEPs screening (DPIPs – Domestic Prominent Influential Persons, FPPOs – Foreign Prominent Public Officials)
-
Beneficial ownership (25% threshold, CIPC registry access)
-
Real-time sanctions screening (UN, domestic TFS)
-
PASA 2016 interoperable biometric standards
-
Cybersecurity incident reporting (24 hours)
Facephi capabilities for South Africa
-
Digital Onboarding
DHA API integration, <1% biometric error rates, ISO 29794-5 liveness detection
-
Biometric Authentication
PASA 2016 compliant multi-modal biometrics (facial, fingerprint, voice)
-
AML Screening
UN sanctions, domestic TFS, PEPs (DPIPs/FPPOs), adverse media monitoring
-
Behavioral Biometrics
Joint Standard 2 cybersecurity compliance, continuous authentication
-
Mule Account Detection
Network analysis supporting sustained MLTF prosecution requirements
-
Transaction Monitoring
FICA-compliant with 15-day STR automation, cash reporting (ZAR 24,999.99), structuring detection