We have partnered with many stock brokers to simplify and automate their FICA compliance processes. DocFox enables you to spend more time watching the stock markets and understanding your clients instead of spending hours dealing with paperwork.
Seamless Client Onboarding
We know how important it is for you to gain and maintain your clients trust
One way that you can do this is by delivering a seamless experience from day one. DocFox enables you to accelerate your clients onboarding by providing a secure custom online portal where clients can upload their required documents. Once the client has uploaded their documents, DocFox automatically checks and extracts information from any document type – including non-standard forms such as trust deeds or lease agreements, saving you the hassle. We also then safely store your documents ensuring you have an audit trail.
Industry regulations surrounding Anti Money Laundering
As interest in the stock markets grows it seems so do the regulations. Industry regulations surrounding Anti Money Laundering (AML) are now tougher than ever to keep up with but are important to adhere to in order to protect all parties involved. When onboarding clients, the client identification process and Client Due Diligence (CDD) should be top of mind for all brokerage businesses in order to truly know your client and eliminate the facilitation of money laundering tactics – put us to the test and let us take care of this for you.
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 Stock Brokers.
Risk Rating as per the FICA Amendment Act
Remote digital onboarding and collection of documents
Verify bank account details in real time
Daily AML screening against global watchlists and sanctions