Understanding FICA

4.5 CPD
(21 customer reviews)


Accreditation expiry date: 31/05/2024

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.

Professional Body: FPI
Approval Number: FPI23025205

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

21 reviews for Understanding FICA

  1. Dewald Hattingh (verified owner)

    Great learning material.

  2. Ina Breedt (verified owner)

    Learned a lot, good material.

  3. 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.

  4. HILTON GALLEID (verified owner)

    Excellent. A lot of work has been put into the learning material

  5. 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.

  6. Geoff Tanton (verified owner)

    Great material, thoroughly enjoyed the course

  7. 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

  8. Wynoma Stockenstroom (verified owner)

    Course provides extensive information and is suitably structured for the purpose.

  9. Percy Ndlovu (verified owner)


  10. Tendai Magumise (verified owner)

    Very informative! I recommend!.

  11. Carol Scharneck (verified owner)

    Well constructed course which made learning the material easy to follow

  12. Ruth Masia

    It was very informative and great!

  13. 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.

  14. Leanne (verified owner)

    Great learning material, enjoyed the course

  15. Jan Eaglestone (verified owner)

    Always important to stay relevant

  16. Dewald (verified owner)

    Making Fica actually interesting to learn

  17. Nonhlanhla Angel Mkhize (verified owner)

    Great learning materials

  18. Nicky Greener (verified owner)

    Informative and very relevant and necessary for our industry.

  19. Riana Buckle (verified owner)

    Excellent learning material – well put together – easy to read and understand.

  20. Mapula (verified owner)

    Very informative & easy to understand reading material.

  21. Deejay (verified owner)


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