FICA - Money laundering for employees of accounting and auditing firms
DurationAre you aware that your firm may be included as an Accountable Institution under the new FICA amendments?
The Financial Intelligence Centre Act (FICA) places a legal obligation on all Accountable Institutions to ensure their employees understand the Act and your firm’s RCMP and to report possible money laundering transactions to the compliance/reporting officer in the firm.
Make sure your employees understand their responsibilities and the process to follow to be able to comply with the Act and identify and report suspicious acts or transactions.
The session will cover the following:
• What is money laundering?
• What constitutes a money laundering offence i.r.o. POCA?
• Suspicious clients
• Suspicious reports
• Suspicious transactions
• Cash reports
• Reports on Terrorist activity (POCDATARA)
• Reports on bribery, extortion or fraud (PRECCA)
• Whom should employees report to?
• When should employees report?
• How should employees report?
• Examples of when reports should be made
• Specific requirements when making a report
• Effect of a confidentiality clause
• Tipping-off rules
ProBeta Training envisages:
Being viewed by our clients and staff as the preferred professional practice training provider we can be proud of, providing the best service our field has to offer.
Being the undisputed leader in professional practice support, contributing to the social and economic development and employment in South Africa.
Being defined by high standards of excellence to all stakeholders by providing a flexible and unique approach to training solutions for members of the accounting profession.
Mission Statement
Quality is an integral business aspect of ProBeta Training:
We are committed to provide the highest levels of quality and service to our clients, contributing to the full personal and professional development of members of the accounting profession.
Quality assurance shall be continuously conveyed and demonstrated through effective communication with our clients prior to and post delivery of services rendered so that we may ensure ongoing future relationships.
ProBeta Training is committed to upholding the principles of good assessment underpinning the National Qualification Framework for learner achievements.
AML/FICA training is offered by Nkwali Compliance Consultants. Training plays an important role in your organisation by ensuring that all employees are kept up to date of the relevant Acts your business is operating in.
Implementing an AML/FCC Enterprise-Wide Risk Assessment (EWRA) Process course is offered by BMK Advanced Training Centre. Our programs are designed to enhance our clients competence and relevance in an ever changing environment.
Bribery and Corruption Investigations course is offered by RITA (Risk And Investigation Training Academy). With more than 20 years experience in the legal, forensic and audit field we are more than equipped to provide any attendee with enough examples and guidance.
Anti- Money Laundering course is offered by SATHU (Southern Africa Training Hub). SATHU has developed its own unique brand of innovative corporate training.
The public sector is highly regulated to prevent and detect corruption and procurement fraud. Companies and organisations within the private sector are to a lesser extent regulated, but are still subject to a plethora of laws and regulations.
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