Anti Money Laundering (AML) and Know Your Customer (KYC) compliance doesn’t need to be seen as inconvenient and time consuming and can actually be used as a tool to impress customers when you collect their KYC documents. Using DocFox will enable you to onboard new customers quickly, while still meeting all your FICA compliance requirements.
Reduce your risk of working with bad actors
DocFox automates the KYC process steps and eliminates staff having to manually check identities which can often lead to data entry errors. To add to this we screen your customers daily against Domestic Prominent Influential Person (DPIP), Foreign prominent public officials (FPPO), sanctions and criminal lists to identify if they have been associated with financial crimes such as money laundering – ultimately preventing bad actors from misusing your forex service.
Everything you need to be compliant is right here
Not sure where to start or need to become compliant fast? We have the perfect solution for you. Our compliance experts have created FICA in a Box, an end-to-end FICA compliance solution for Forex Traders.
Standardise your risk-based FICA approach
Perform verification and onboarding quickly & accurately
Instantly verify clients bank account details online
Reduce your admin burden & your overall FICA risk