FICA sanctions screening for South African businesses.
Under sections 26A to 26C and 28A of the FIC Act, accountable institutions screen clients against the targeted financial sanctions list and report a match to the FIC. Screening applies before you take a client on, and again while the relationship continues.
Who is an accountable institution
Schedule 1 of the FIC Act names them, including banks, insurers, attorneys, estate agents and other designated businesses. Your RMCP says how often you rescreen.
Ongoing screening
A client who was clear at onboarding can be designated later. You rescreen when the list changes, and you report a match under section 28A.
How OnSanctions helps
We check UN, OFAC, UK and EU lists every 60 minutes and include the configured South African enforcement and debarment sources in the catalog. Full customer onboarding under FICA, including identity verification, stays with VerifyNow.
Questions
- Does OnSanctions file my section 28A report?
- No. We return the screen. The report to the FIC is yours.
- Is this a full FICA program?
- No. It is the screening layer.
- Where is identity verification?
- On VerifyNow, for businesses that need the rest of FICA onboarding.
- Are PEP checks separate?
- No. PEP and RCA are on the same OnSanctions license.
Screen your customers against the targeted financial sanctions list and rescreen when it changes.
See every list we screen and how often it refreshes, check one name now with a quick check, or read the API reference to screen your whole customer base.