FICA

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.

The course deals with Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT), the Financial Intelligence Centre Act, POCA and POCDATARA, risk-management and compliance programmes (RMCP), customer due diligence, cash threshold and suspicious transaction reporting, terrorist property reporting and record-keeping.

Content:

• Unit 1: Understanding money laundering, terrorist financing and proliferation financing
• Unit 2: Regulation
• Unit 3: Compliance
• Unit 4: Reporting and record-keeping
• Unit 5: FICA in a nutshell