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.

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.