Financial Services Providers

We specialise in FSP registration, FICA compliance, and comprehensive regulatory support for Financial Services Providers operating under the FAIS Act.

In addition, we facilitate the buying and selling of FSPs, guiding both buyers and sellers through every stage of the transaction — from due diligence and regulatory approvals to transfer of shareholding, Key Individual appointments, and post-sale compliance transitions.

Mc Kelvey Inc | Attorneys and Conveyancers South Africa
01.

FSP Registration

Our team assists with end-to-end registration and licensing of FSPs:

  • Category I: Advisory Services
  • Category II: Discretionary Investment Management
  • Category III: Administrative FSPs
  • Category IV: Crypto & Hedge Fund Services

We prepare and submit all required FSCA documentation, ensuring your licensing process is smooth and compliant.

02.

FICA Compliance

We help financial institutions and accountable institutions comply with the Financial Intelligence Centre Act (FICA) to prevent money laundering and terrorist financing.
Our FICA compliance services include:

  • FIC Registration
  • Risk Management & Compliance Programmes (RMCPs)
  • Customer Due Diligence (CDD) & Enhanced Due Diligence (EDD)
  • Risk Assessments & Client Ratings
  • Policy Drafting & Staff Training
03.

Ongoing Compliance Support

We provide long-term compliance oversight and support, including:

  • Compliance Monitoring Programmes: Regular reviews to maintain compliance.
  • FIC Inspections & Audit Preparation: Ensuring readiness for FSCA/FIC reviews.
  • Suspicious Transaction Report (STR) Assistance: Helping identify and report unusual transactions.
  • Recordkeeping Templates & FICA Toolkits: Customised compliance resources.
  • DIY FICA Kits & Compliance Packs: Affordable self-management options for FSPs.
04.

Crypto Licence & Specialised Advisory

For fintechs, crypto-asset service providers (CASPs) and regulated gaming operators, we provide tailored support, including:

  • Crypto-Asset Service Provider (CASP) Applications, FSCA-approved licensing and guidance.
  • Gambling Licence Approvals, assistance with National and Provincial Gambling Board applications, key employee disclosures, and regulatory compliance frameworks.
  • Ongoing advisory services on AML, KYC, and cross-border compliance obligations.