Registered with the FIC? That was the easy part. Now the real work begins. Too many firms think compliance is a once-off admin task, until an audit proves otherwise. FIC registration turns your practice into a permanently accountable institution, where every client, every transaction, and every employee decision carries regulatory risk. Here’s what every accountable institution needs to get right before the regulator comes knocking.

Before accepting a new client, a structured risk assessment helps identify financial, compliance, and ethical risks. Verifying identity, checking tax compliance, and reviewing financial stability prevent future issues. Clear payment terms and an engagement letter set expectations, while ongoing monitoring ensures a low-risk, professional relationship. Careful client selection protects your practice and supports long-term success.