DocFox’s Risk Rating and Automated Client Review solution ensures:

Consistent risk rating

Ensure that all clients are risk-rated according to the same rules. DocFox standardises the process across your business and makes your risk rating methodology auditable.

Enhanced due diligence

DocFox enables you to collect enhanced due diligence documents, such as a source-of-funds, for high risk clients. 

Automated review reminders

You can specify a review period for low, medium, or high risk clients. DocFox will send you a date-triggered reminder so you never miss a review date.

Adopting a risk-based FICA approach is prescribed by legislation to help identify, assess and mitigate risk and prevent money-laundering. A one-size-fits-all approach to KYC can no longer be followed as each client will have their own unique risk profile.

The methodology for determining each client’s risk rating is guided by your RMCP and DocFox is configured to adhere to your specified rules.

We created a handy guide that summarises the FIC Amendment Act and it’s impact on Accountable Institutions.

Click here to receive your FICA Handbook.

What our customers are saying

DocFox allows us to apply a consistent approach to our investor AML risk assessments and with the built in reminders, we won’t forget to refresh our ratings and Customer Identification and Verification information. Everything is in one place, with a full audit trail, which enables us to easily demonstrate compliance.

Garth Foster, Prescient

DocFox is a one system solution that meets all our needs when verifying clients and has become even a greater asset with the advent of the new FICA amendment act.

Trevor Berman, Compliance Officer at Afrifocus Securities