Foreign hires can grow your practice or expose it.
In South Africa’s post-greylist reality, hiring a foreign national isn’t just an HR step, it’s a financial crime compliance event. Every passport, visa, and background check you skip becomes a risk waiting to surface. Regulators are asking: Do you really know who’s on your payroll?
This practical guide breaks down how to protect your firm. From verification and recordkeeping to staff training and real-world risk control. Before you sign that next contract, make sure your compliance file is ready.

Most small firms will fail their next FIC inspection.

Not because they’re criminals, but because they’re drowning in SARS chaos, CPD confusion, and admin overload.

Here’s the harsh truth: KYC isn’t paperwork. It’s survival.
Ignore it, and you’re one inspection away from a fine big enough to kill your practice.

But here’s the kicker: the firms that get KYC right don’t just stay out of trouble, they turn compliance into a billable service their clients will pay more for.

👉 Want to know how? Read on.

Think FIC compliance is just admin? Think again. Audits are up, penalties are real, and ignoring the rules could cost you more than just money. But here’s the kicker, get ahead of the game and you can turn this “headache” into a high-value service your clients will actually pay for. Here's how to make FIC compliance work for your practice, not against it.

When an accounting practice is registered with the Financial Intelligence Centre (FIC), it plays a crucial role in safeguarding the financial system against money laundering, terrorist financing, and other financial crimes. This article explains the responsibilities of implementing a risk based approach with practical guidance on the specific risks accountants may encounter.

Do accountants fall under accountable institutions? There has been much uncertainty regarding when an accounting practice must register with the FIC. At the end, if your business must register you have act now. In this article we explain the FIC’s registration and reporting requirements in a practical way.