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.

If a client’s transaction feels unusual, don’t ignore it, your career, your clients, and even your freedom could be on the line. Under the Financial Intelligence Centre Act (FIC Act), accountants have a legal duty to report suspicious activity, no matter the amount. Knowing what to look for, how to act quickly, and how to protect yourself isn’t just compliance, it’s good business.