Accountable and Reporting Institutions (AI’s and RI’s) are all too familiar with the headache surrounding FICA requirements of verifying customers. Thankfully, the risk-based approach adopted with the 2017 Amendments to FICA puts the power in the hands of AIs and RIs.
Our suite of products and services provide confirmation of an individual’s identity, most probable address, contact number, and employer information in real time, allowing our clients to corroborate information and documents they’ve been supplied with.
When riskier transactions present themselves, elevated risk checks supporting enhanced due diligence exercises can easily be performed via the same platform.