Understanding FICA – Non CPD

R595.00

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.

SKU: FICA

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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