How does Mobiloan remain compliant to FIC rules and requirements?

#fica-compliance

Mobiloan complies with the FIC Act by implementing an integrated Client Due Diligence (CDD) process within the Loan Origination Workflow. This inlcudes:

1. Generating CDD/KYC Reports: Reports are automatically created based on RMCP (Risk Management and Compliance Program) settings.

2. TFS List Checks: Real-time screening of clients against the FIC's Targeted Financial Sanctions (TFS) database to identify sanctioned individuals.

3. Risk Assessments: Comprehensive evaluations using a decision matrix based on CDD findings.

For specific details, click on the link below:

4.72.06 - FIC Compliance Updates | What's New