AML Go Showcased at MFSA’s Virtual Workshop: Mastering FICA Compliance
AML Go, a South African subsidiary of UPAY, showcased its compliance solutions at the MicroFinance South Africa (MFSA) Virtual Workshop on April 16, 2025. The event focused on mastering FICA Compliance and attracted over 380 delegates, including compliance officers and Financial Intelligence Centre representatives.
The workshop covered essential aspects of the Financial Intelligence Centre Act (FICA), featuring:
- Core FICA obligations and legislative updates
- Risk Management and Compliance Programs
- Customer Due Diligence implementation
- Employee screening procedures
During a live demonstration, AML Go showcased its platform's capabilities in automating compliance workflows, performing client screening, and generating audit-friendly reports. The company's presentation highlighted how technology can streamline regulatory processes while maintaining high compliance standards in South Africa's microfinance sector.
AML Go, una filiale sudafricana di UPAY, ha presentato le sue soluzioni di conformità al MicroFinance South Africa (MFSA) Virtual Workshop il 16 aprile 2025. L'evento, incentrato sulla padronanza della conformità FICA, ha attirato oltre 380 delegati, tra cui ufficiali di conformità e rappresentanti del Financial Intelligence Centre.
Il workshop ha trattato aspetti fondamentali del Financial Intelligence Centre Act (FICA), includendo:
- Obblighi principali di FICA e aggiornamenti legislativi
- Programmi di gestione del rischio e conformità
- Implementazione della Due Diligence del cliente
- Procedure di screening dei dipendenti
Durante una dimostrazione dal vivo, AML Go ha mostrato le capacità della sua piattaforma nell'automatizzare i flussi di lavoro di conformità, effettuare lo screening dei clienti e generare report adatti ad audit. La presentazione ha evidenziato come la tecnologia possa semplificare i processi regolatori mantenendo elevati standard di conformità nel settore del microcredito sudafricano.
AML Go, una filial sudafricana de UPAY, presentó sus soluciones de cumplimiento en el Taller Virtual de MicroFinance South Africa (MFSA) el 16 de abril de 2025. El evento se centró en dominar el cumplimiento de FICA y atrajo a más de 380 delegados, incluyendo oficiales de cumplimiento y representantes del Financial Intelligence Centre.
El taller cubrió aspectos esenciales de la Financial Intelligence Centre Act (FICA), incluyendo:
- Obligaciones principales de FICA y actualizaciones legislativas
- Programas de gestión de riesgos y cumplimiento
- Implementación de la debida diligencia del cliente
- Procedimientos de evaluación de empleados
Durante una demostración en vivo, AML Go mostró las capacidades de su plataforma para automatizar flujos de trabajo de cumplimiento, realizar evaluaciones de clientes y generar informes aptos para auditorías. La presentación destacó cómo la tecnología puede optimizar los procesos regulatorios manteniendo altos estándares de cumplimiento en el sector de microfinanzas de Sudáfrica.
AML Go는 UPAY의 남아프리카 자회사로서 2025년 4월 16일에 열린 MicroFinance South Africa (MFSA) 가상 워크숍에서 컴플라이언스 솔루션을 선보였습니다. 본 행사는 FICA 준수 마스터링에 중점을 두었으며, 컴플라이언스 담당자와 금융정보센터 대표 등 380명 이상의 참가자를 끌어모았습니다.
워크숍에서는 Financial Intelligence Centre Act (FICA)의 주요 내용을 다루었으며, 다음과 같은 주제가 포함되었습니다:
- FICA 핵심 의무 및 법률 업데이트
- 위험 관리 및 컴플라이언스 프로그램
- 고객 실사 실행
- 직원 검증 절차
라이브 시연에서 AML Go는 컴플라이언스 업무 자동화, 고객 심사, 감사 친화적 보고서 생성 기능을 선보였습니다. 회사 발표는 남아프리카 마이크로파이낸스 분야에서 높은 준수 기준을 유지하면서 기술이 규제 프로세스를 간소화할 수 있음을 강조했습니다.
AML Go, une filiale sud-africaine de UPAY, a présenté ses solutions de conformité lors de l'atelier virtuel MicroFinance South Africa (MFSA) le 16 avril 2025. L'événement, axé sur la maîtrise de la conformité FICA, a réuni plus de 380 délégués, dont des responsables de la conformité et des représentants du Financial Intelligence Centre.
L'atelier a couvert les aspects essentiels du Financial Intelligence Centre Act (FICA), notamment :
- Obligations principales de FICA et mises à jour législatives
- Programmes de gestion des risques et de conformité
- Mise en œuvre de la diligence raisonnable client
- Procédures de contrôle des employés
Lors d'une démonstration en direct, AML Go a montré les capacités de sa plateforme à automatiser les flux de travail de conformité, effectuer le contrôle des clients et générer des rapports adaptés aux audits. La présentation a souligné comment la technologie peut simplifier les processus réglementaires tout en maintenant des normes élevées de conformité dans le secteur de la microfinance en Afrique du Sud.
AML Go, eine südafrikanische Tochtergesellschaft von UPAY, präsentierte am 16. April 2025 seine Compliance-Lösungen beim MicroFinance South Africa (MFSA) Virtual Workshop. Die Veranstaltung konzentrierte sich auf die Beherrschung der FICA-Compliance und zog über 380 Teilnehmer an, darunter Compliance-Beauftragte und Vertreter des Financial Intelligence Centre.
Der Workshop behandelte wesentliche Aspekte des Financial Intelligence Centre Act (FICA), darunter:
- Kernpflichten von FICA und gesetzliche Aktualisierungen
- Risikomanagement- und Compliance-Programme
- Umsetzung der Kunden-Due-Diligence
- Mitarbeiterscreening-Verfahren
Während einer Live-Demonstration zeigte AML Go die Fähigkeiten seiner Plattform zur Automatisierung von Compliance-Workflows, zur Durchführung von Kundenscreenings und zur Erstellung prüfungsfreundlicher Berichte. Die Präsentation verdeutlichte, wie Technologie regulatorische Prozesse im südafrikanischen Mikrofinanzsektor effizienter gestalten kann, ohne dabei hohe Compliance-Standards zu vernachlässigen.
- Showcased AML compliance platform to 380+ industry delegates, demonstrating market reach and product visibility
- Strategic positioning in the growing South African microfinance compliance sector
- Demonstrated automated compliance solutions targeting specific regulatory requirements (FICA)
- Product capabilities include automation of RMCP workflows and comprehensive client screening, showing technological competitiveness
- No financial metrics or revenue data provided
- No information about market share or customer adoption rates
- Operates in highly regulated market requiring constant compliance updates
JOHANNESBURG, April 29, 2025 (GLOBE NEWSWIRE) -- AML Go (Pty) Ltd (“AML Go”), a South African subsidiary of UPAY Inc. (OTCQB: UPYY) and a leading provider of AML compliance and screening solutions, was honored to be invited to present at the MicroFinance South Africa (MFSA) Virtual Workshop on Mastering FICA Compliance, held on Tuesday, April 16, 2025.
The high-impact virtual workshop brought together more than 380 delegates from across the country, including compliance officers, executives, and representatives from the Financial Intelligence Centre (FIC) and various accountable institutions. Tailored for the credit and microfinance sector, the event delivered practical, high-value insights on navigating South Africa’s Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) regulations.
Empowering the Sector with Practical FICA Insights
The MFSA workshop addressed key areas of the Financial Intelligence Centre Act (FICA), equipping professionals with actionable strategies to strengthen institutional compliance. Topics included:
- Core FICA obligations and recent legislative developments
- Effective implementation of Risk Management and Compliance Programs (RMCPs)
- Execution of a Risk-Based Approach and Customer Due Diligence (CDD)
- Employee screening procedures to enhance internal controls
- FIC investigative practices and audit expectations
The comprehensive sessions highlighted the growing need for technology-enabled compliance tools that streamline implementation while maintaining high regulatory standards.
AML Go’s Role and Live Demonstration
During its live session, AML Go demonstrated how its platform empowers accountable institutions—particularly in the microfinance space—to:
- Automate RMCP workflows
- Perform comprehensive client screening and risk profiling
- Generate audit-friendly reports and maintain real-time monitoring
Participants gained hands-on exposure to AML Go’s intelligent compliance engine and witnessed how the solution simplifies complex regulatory processes while reinforcing operational integrity.
Driving Innovation in Financial Compliance
“We’re honored to have participated in this important industry event,” said a spokesperson for AML Go. “Workshops like these play a critical role in ensuring that institutions remain equipped to uphold their compliance responsibilities in an increasingly complex regulatory landscape. AML Go remains committed to supporting the sector with powerful, accessible, and locally relevant tools.”
About AML Go
AML Go (Pty) Ltd provides cutting-edge, automated AML compliance, client screening, credit vetting, and risk management solutions. Serving financial and non-financial sectors across Africa, AML Go enables institutions to meet regulatory obligations while optimizing operational efficiency.
About UPAY
UPAY Inc. is a publicly traded fintech holding company focused on delivering innovative financial software platforms, data intelligence, and compliance automation. Through its portfolio of solutions—including AML GO, HUNTPAL and ACPAS—UPAY helps clients navigate complex financial ecosystems with confidence and precision.
Forward-Looking Statements
This press release contains "forward-looking statements" as defined under applicable securities laws. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those anticipated. The Company does not undertake any obligation to update or revise forward-looking statements because of new information, future events, or other circumstances. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.
Contact Information
UPAY INC.
Media Relations
info@upaytechnology.com
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