Managing FICA

This course covers registration (of head offices and branches) with the FIC and how changes to registration information and changes in ownership or business should be conducted.

It covers the appointments of FICA Compliance Officers and FICA Money Laundering Reporting Officers.

The course also covers a risk-based approach that is implemented by FICA and the specific risks related to money laundering, terrorist financing and proliferation financing. Risk management, risk identification and assessment as well as risk mitigation are covered.

Customer Due Diligence is discussed in detail regarding FICA and how reporting and record keeping should be conducted.

This course also covers the screening and training of employees and how reporting should take place to comply with FICA.

The course closes with FIC inspections and what the rules with regards to entry and inspection entail. The power of the inspector is covered as well as what to expect at an inspection.