FICA Compliance for High-Value Goods Dealers, Built for Speed.
As a High-Value Goods Dealer (HVGD) you must fulfill all FICA
requirements. HVGD’s of various sectors love nCino KYC as we
ensure that your Know Your Client (KYC) process is built for
speed, is hassle free and is automated.
Are you a High-Value Goods Dealer?
Two quick questions tell you whether the FIC Act applies to your business.
- If you answered yes to both questions, you are considered a high-value goods dealer and are required to comply fully with the FIC Act.
Built for every kind of high-value goods dealer
Anyone who sells a single item over R100,000.
Agriculture Equipment
Mining, Engineering & Construction Machinery
Motor Vehicle & Truck Dealers
Kruger Rand, Diamonds, Precious Metals & Stones Dealers
FICA Compliance That Doesn't Slow You Down
A FICA compliant onboarding process doesn’t need to be complicated or time consuming, in fact it could be as simple as the below 4 steps:
Agriculture Equipment
Send your client a welcome
email and invite them to
self-onboard.
Client uploads securely
Your client securely
uploads their relevant
documents and information! Meaning you can focus on what you do best and not chase paperwork!
We run the checks
Once the required information has been uploaded, we run the relevant verification checks.
Review & approve
Once all the checks have been done, all that is left for you to do is review and approve!
Not sure where to even start?
Do not worry we have got you.
nCino KYC is one of the very providers that offer both software and compliance services.
We have a highly experienced compliance team that will offer you all the guidance you need.
Compliance Experts on Call
Get unlimited access to our
compliance team for any quick FICA related questions via email. (Questions should be able to be answered within 15 minutes.)
Expertly Crafted RMCP
Need an RMCP that is tailored to your industry? Let our team assist you with that and a step by step guide to implementing it. The RMCP will address key FICA requirements.
Annual Compliance Review
As compliance & businesses are ever changing, each year we will provide you with a deep dive into the FICA due diligence and nCino KYC compliance within your organisation.
Certified FICA Training
Select from a range of FICA training which covers the latest in FIC Amendment Act, money laundering, terrorist financing and more. Select trainings are FPI approved.
Niche Project Services
Access to our compliance team for more complex questions and project services. Eg. Guidance on finding the UBO or assistance in preparing for a FIC inspection.
NewsWatch Newsletters & Regulatory Watch
Receive updates and guidance on FICA related regulatory changes and their impact on your business and a weekly email with financial crime relates news and updates from South Africa and the world.
The FICA Handbook for High-Value Goods Dealers
A practical, plain-language guide to your obligations under the FIC Act, what to collect, when to verify, and how to stay inspection-ready.
Get FICA-compliant, faster.
Frequently Asked Questions
Q: Is nCino KYC Africa just another compliance checkbox tool?
Q: How long does implementation take?
Q: What if we already have customer records scattered across systems?
We have an open API that you can integrate into. Once everything is in one system, you have a single source of truth for every compliance decision.
Q: Is it expensive?
nCino KYC is very user friendly and we love working on it
Alexia Pretorius
KYC Officer
Book a Demo
Experience the full capabilities of our platform and discover how it can benefit your business.
