In the past, compliance requirements were considered the domain of financial institutions, banks, and insurance companies. But recent changes to South Africa’s regulatory landscape mean that many businesses outside the traditional financial sector are now required to conduct the same level of due diligence, and most don’t even know it.
High-value goods dealers, real estate agents, motor dealerships, and even certain legal professionals are waking up to a new reality: if you handle cash or a single transaction over R100,000 for physical goods, you may be classified as an “Accountable Institution” under the Financial Intelligence Centre Act (FICA).
That means KYC checks, AML screening, and ongoing reporting obligations, or face steep penalties. The Financial Intelligence Centre (FIC) has widened its net, with dozens of business types now subject to anti-money laundering obligations. Unfortunately, many of these businesses are ill-equipped to meet these requirements. Paper-based onboarding, lack of client vetting, and no digital audit trail leave them dangerously exposed. This blind spot presents a major risk for both businesses and the professionals who advise them.
In a world where compliance obligations are becoming more complex and dynamic, businesses must rethink how they approach risk management.
Compliance on Demand offers a smarter path forward, and GloRep is leading the charge.
Enter Compliance on Demand
GloRep, a leading compliance infrastructure platform, has officially launched Compliance on Demand, a self-service solution designed to give businesses instant access to essential regulatory tools without lengthy contracts, integration delays, or costly vendor onboarding.
Built for simplicity.
With a simple sign-up and intuitive interface, startups, SMEs, and enterprise teams can activate KYC, AML, sanctions screening PIP checks, and AML reporting services whenever they need them, all in real time, with no complex development resources required.
Compliance shouldn’t be a blocker to growth.
Built for agility.
In an increasingly regulated global economy, compliance is no longer just a legal checkbox; it’s a strategic business function. From anti-money laundering laws to data privacy regulations, businesses face constant pressure to stay compliant or risk reputational damage and operational disruption.
Frictionless compliance, scaled to your needs
This new offering aligns with GloRep’s mission to simplify compliance and enable companies to be up and running immediately, with an all-in-one solution by removing the need for complex integrations or multiple service providers.
GloReps Compliance on Demand solution helps reduce compliance risk whilst accelerating onboarding and improving operational efficiency. Compliance shouldn’t be a blocker to growth. With GloRep’s digital platform, businesses can stay compliant anytime, anywhere, with just a few clicks.
A smarter investment in risk management
Platforms like GloRep show that Compliance on Demand is not just a solution; it’s a strategic investment. By simplifying compliance, businesses can focus on what matters most: innovation, growth, and customer trust.
Become compliant today.
Visit www.glorep.com for more information, to book a demo or to start using the service.
