eFICA

eFICA is a web-based FICA compliance platform for South African accountable institutions that need electronic client onboarding, KYC verification, and AML screening.

Key capabilities include:

• Bespoke risk rating using a customizable risk-rating matrix aligned to an institution’s RMCP
• ID and address verification to confirm client identity and residency details during onboarding
• AML screening and monitoring, including sanctions, PEP, and adverse media checks, plus daily ongoing monitoring
• Customer due diligence workflows that can be automated based on client risk status
• UBO identification and verification using a shareholding-structure organogram
• KYC report generation to produce documented outputs for compliance records
• RMCP Manager (included for clients) with versioning, editing, publishing, and logged audit history

Available on Web (login portal at https://login.efica.co.za/).

Designed for B2B use by South African organisations subject to FICA requirements, including attorneys, real estate practitioners, accountants, financial service providers, high-value goods dealers, and credit providers.

Notable in the South African compliance market for its pay-as-you-go pricing (no monthly, subscription, or user fees; users pay for searches performed) and its focus on ongoing AML screening and RMCP-aligned onboarding. The site states that over 500 accountable institutions use the platform, and it also notes that each accountable institution remains responsible for its own FICA compliance and the regulatory adequacy of its RMCP.