Are you confident in your compliance processes under the Financial Intelligence Centre Act? Many accountable institutions still face significant challenges in navigating Customer Due Diligence (CDD), TFS screening, and the various reporting requirements. Identifying Beneficial Owners of different entities remains a complex and often misunderstood aspect of compliance.

Non-compliance with any of the required processes under FICA can result in hefty financial penalties and reputational damage. This course ensures that you and your team are equipped with the knowledge and practical tools to comply effectively, protect your organisation, and maintain high standards of integrity.

Content

In this comprehensive session, we will:

• Address the most common areas of uncertainty in FICA compliance.
• Provide a detailed, step-by-step walkthrough of the Customer Due Diligence process and TFS screening.
• Offer practical guidance on identifying Beneficial Owners across various entity types.
• Clarify all reporting requirements and how to meet them effectively.
• Emphasize the importance of adhering strictly to your Risk Management and Compliance Programme (RMCP) to avoid non-compliance and the risk of severe penalties