Understanding FICA
4.5 CPDR549.00
Accreditation expiry date: 31/05/2025
This course is aimed at company employees of accountable institutions, and covers basic money-laundering, terrorist financing concepts, proliferation financing, anti-money-laundering legislation in South Africa, the risk-based approach, and looks at the requirements for customer due diligence, reporting of certain transactions and record-keeping requirements.
Who should register:
People employed by accountable institutions who are involved in the facilitating, processing or overseeing of financial transactions.
Once you have completed this course you will be able to:
- show a comprehensive understanding of money laundering, terrorist financing, and proliferation financing.
- show a comprehensive understanding of the domestic and international legal framework for anti-money laundering, counter-terrorist financing and counter-proliferation financing measures.
- distinguish between the Financial Intelligence Centre ("FIC") and supervisory bodies, as well as accountable institutions and reporting institutions.
- show a comprehensive understanding of the legal obligations of accountable and reporting institutions, including: registration with the FIC, adoption and implementation of a risk management and compliance program ("RMCP"), conducting customer due diligence ("CDD"), recordkeeping and reporting of certain activities and transactions to the FIC.
- show a comprehensive understanding of the consequences of non-compliance with obligations imposed on accountable institutions, reporting institutions and other persons by FICA.
- provide a broad overview of the provisions of FICA.
Who Should Register
- Key Individual
- Compliance Officer
- Representative
- Manager
- Employee
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Dewald Hattingh (verified owner) –
Great learning material.
Ina Breedt (verified owner) –
Learned a lot, good material.
Quinten Knox www.insurancewise.co.za (verified owner) –
Great course! Informative, well put together, and easy to use. As has become the norm, the MBSE has done a flawless job. I recommend it to everyone.
HILTON GALLEID (verified owner) –
Excellent. A lot of work has been put into the learning material
Gawie van der Walt (verified owner) –
It was a very informative course, questions and information given was well structured. Will definitely recommend MBSE to others.
Geoff Tanton (verified owner) –
Great material, thoroughly enjoyed the course
Phillip Krynauw (verified owner) –
Excellent, this was a well-constructed course. would like to see more information on the percent problems in the market. ( something that will help arm us to not get court with the new innovation on personal funds).
Thank you
Wynoma Stockenstroom (verified owner) –
Course provides extensive information and is suitably structured for the purpose.
Percy Ndlovu (verified owner) –
Informative
Tendai Magumise (verified owner) –
Very informative! I recommend!.
Carol Scharneck (verified owner) –
Well constructed course which made learning the material easy to follow
Ruth Masia –
It was very informative and great!
Minette de Beer (verified owner) –
The course was visually stimulating that helped with retention to facilitate a successful assessment outcome. Put in the time, read through the material and you will get the results.
Leanne (verified owner) –
Great learning material, enjoyed the course
Jan Eaglestone (verified owner) –
Always important to stay relevant
Dewald (verified owner) –
Making Fica actually interesting to learn
Nonhlanhla Angel Mkhize (verified owner) –
Great learning materials
Nicky Greener (verified owner) –
Informative and very relevant and necessary for our industry.
Riana Buckle (verified owner) –
Excellent learning material – well put together – easy to read and understand.
Mapula (verified owner) –
Very informative & easy to understand reading material.
Deejay (verified owner) –
Good