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.
Who should apply?
This course is designed to assist FICA Compliance Officers and Money Laundering Reporting Officers of accountable institutions and reporting institutions in understanding the Financial Intelligence Centre Act 38 of 2001 (“FICA”) (and incidental legislation) at a greater depth. While this course does not focus on a single item listed as an accountable institution in Schedule 1 to FICA, it does focus on the general application of FICA within a listed institution.
Content
Unit 1: Understanding money laundering, terrorist financing and proliferation financing
Unit 2: Regulation
Unit 3: Compliance
Unit 4: Reporting Obligations and Consequences of Non-compliance
Unit 5: Registration and Appointments
Unit 6: The Risk-based Approach
Unit 7: The Risk Management and Compliance Programme (RMCP)
Unit 8: Employees and Reporting
Unit 9: FIC Inspections
Accreditation and Certification
Learners will receive a MBSE certificate after successful completion of the course.
How to Apply
Applications are open throughout the year. The learner will receive the learning material online after registration and proof of payment is send to our office.
Assessments
After studying the material, the learner will complete an online Final Assessment.
60% is required to be competent.