Explore Sky FIC
FICA compliance, end to end — risk-rated client onboarding, ongoing due diligence, sanctions and PEP screening, and FIC reporting for SA accountable institutions.
The compliance backbone of your practice
Sky FIC is a complete FICA compliance workspace for accounting and tax practices registered as accountable institutions under Schedule 1.
Onboard clients with a risk-based questionnaire, collect and verify supporting documents, and run sanctions, PEP and adverse media screening against every party.
Maintain your Risk Management and Compliance Programme (RMCP), record ongoing due diligence and generate the suspicious or unusual transaction reports the FIC requires.
All client records are shared with Sky Tax and Sky Sec so onboarding, KYC and beneficial-ownership data live in one place — no duplicate captures.
Built for the way SA practices actually run
Risk-based onboarding
Configurable risk questionnaires that drive the level of due diligence required from day one.
Sanctions & PEP screening
Screen every client and related party against live global watchlists — continuously updated.
FIC reporting ready
Generate and submit STRs, SARs and CTRs with a full audit trail of every review and approval.
Made for the teams that run on it
- FICA compliance officers in accounting and tax firms
- Partners responsible for the firm's RMCP
- Onboarding teams running client KYC and due diligence
How firms put Sky FIC to work
New client onboarding
Risk-rate a prospect, collect KYC documents and screen all related parties before the engagement letter goes out.
Ongoing due diligence
Trigger periodic reviews based on risk rating and re-screen clients automatically against updated sanctions and PEP lists.
Suspicious transaction reporting
Capture, review and submit STRs and CTRs to the FIC with a full audit trail.
RMCP maintenance
Keep your Risk Management and Compliance Programme versioned, approved and ready for FIC inspection.
Everything in Sky FIC
Risk-based onboarding
Configurable risk questionnaires that drive the level of due diligence required.
Sanctions, PEP & adverse media
Screen every client and related party against live global watchlists.
Beneficial ownership
Capture and verify ultimate beneficial owners across complex structures.
FIC reporting
Generate and submit STRs, SARs and CTRs with a full audit trail.
RMCP management
Author, version and approve your Risk Management and Compliance Programme.
Questions about Sky FIC
FICA: NON-COMPLIANCE CAN DESTROY YOUR FIRM - 2 HOURS OF CPD
On demand GoTo webinar