FIC Training
FEES
MODULE 1
- Introduction to money laundering, terrorist and proliferation financing and how this is relevant for purposes of the FIC Act
- The main features of the FIC Act
- The SA AML/CFT/CPF legislative and regulatory framework
- The financial action task force “FATF”
- Who must comply with the FIC Act
- The Financial Intelligence Centre
- Inspections and enforcements of the FIC Act
- Offences under the FIC Act
MODULE 2
- Control measures for money laundering and financing of terrorist and related activities: an introduction to the risk based approach
- Compliance Pillar – Customer due diligence
- Compliance Pillar – Duty to keep records
- Employee screening and monitoring
- Compliance Pillar – Risk management and compliance program (RMCP)
- Compliance Pillar – Registration, training and governance