AML Go (Pty) Ltd, the South African subsidiary of UPAY Inc., was invited to present at the MicroFinance South Africa (MFSA) Virtual Workshop on Mastering FICA Compliance, held on April 16, 2025. The workshop gathered over 380 delegates, including compliance officers, executives, and representatives from the Financial Intelligence Centre (FIC) and other accountable institutions. The event focused on providing practical insights into navigating South Africa’s Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) regulations for the credit and microfinance sector.

The MFSA workshop addressed key aspects of the Financial Intelligence Centre Act (FICA), providing professionals with actionable strategies to enhance institutional compliance. Topics covered included core FICA obligations, recent legislative developments, effective Risk Management and Compliance Programs (RMCPs), Risk-Based Approach and Customer Due Diligence (CDD) implementation, employee screening procedures, and FIC investigative practices and audit expectations. The sessions emphasized the growing need for technology-enabled compliance tools to streamline implementation while maintaining high regulatory standards.

During its live session, AML Go demonstrated how its platform assists accountable institutions, particularly in the microfinance sector, by automating RMCP workflows, performing client screening and risk profiling, generating audit-friendly reports, and maintaining real-time monitoring. Participants experienced AML Go’s compliance engine and observed how it simplifies complex regulatory processes while reinforcing operational integrity.

A spokesperson for AML Go stated that these workshops are crucial for institutions to uphold their compliance responsibilities in an increasingly complex regulatory environment. AML Go is dedicated to supporting the sector with accessible and relevant tools.

AML Go (Pty) Ltd offers automated AML compliance, client screening, credit vetting, and risk management solutions, serving both financial and non-financial sectors across Africa. UPAY Inc. is a fintech holding company providing financial software platforms, data intelligence, and compliance automation through solutions like AML GO, HUNTPAL, and ACPAS.