FICA applies to accountable institutions — banks, attorneys, estate agents, financial advisors, accountants, casinos, and many other businesses. Accountable institutions must implement a Risk Management and Compliance Programme (RMCP), conduct Customer Due Diligence (CDD), and report suspicious transactions to the Financial Intelligence Centre.
This framework contributes to the following governance domains in your Encircle score:
Encircle maps all FICA accountable institution obligations to D04 Compliance and D03 Risk. Your RMCP completeness score is tracked, CDD procedure gaps generate tasks, and your training register links directly to evidence requirements. Encircle tracks the 6 FICA pillars as separate evidence categories.
Encircle tells you when your FICA RMCP is Ready — meaning your Risk Management and Compliance Programme meets the FATF-aligned requirements and your CDD procedures, reporting workflows, and training records are documented and evidenced. Connect with an FIC-registered compliance officer via the Encircle Network for independent RMCP review.