Understanding 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.
Who should apply?
- People employed by accountable institutions who are involved in the facilitating, processing or overseeing of financial transactions.
- Key Individual
- Compliance Officer
- Representative
- Manager
- Employee
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: FICA in a nutshell
Learning Material
Students will have online access to their study material which will include a study guide, self-assessments and relevant additional resources.
Accreditation and Certification
Learners will receive a MBSE certificate after successful completion of the course.
Assessments
After studying the material, the learner will complete an online Final Assessment.
60% is required to be competent.