Overview   

Schedule 1 to the Financial Intelligence Centre Act (FICA) gives a list of new categories of Accountable Institutions (AIs) that are required to comply with the full suite of the Act's requirements. Some of these institutions include: 

• Credit providers subject to the NCA. 

• High-value goods dealers. 

• Trust and company service providers. 

• Crypto assets service providers. 

This webinar is going to provide information on what each listed Accountable Institution needs to do to become fully compliant. Join Caryn Maitland CA(SA) and Tertia Barrett on 14 July 2023 from 9:00 a.m. to 11:00 a.m. for a discussion that will give you full understanding of FICA obligations that you and your clients must fulfil. Caryn and Tertia will also show you a  practical FICA compliance approach to apply as a guide in your firm.   

Learning objectives  

By attending this webinar you will gain the following competencies: 

• Possess background information of the Financial Intelligence Centre Act (FICA). 

• Have knowledge of the new Accountable Institutions as per the Schedule 1 amendments to FICA. 

• Gain insights into the 7 key steps required to become FICA compliant.   

• Get an overview of the consequences of non-compliance with FICA.  

• Have a practical FICA compliance guide that you can implement in your firm.  

Content  

The webinar will cover the following topics:  

• Who are Accountable Institutions? 

• How do I register with the FIC? 

• What is a Risk Management and Compliance Programme (RMCP). 

• How to perform proper customer due diligence (CDD). 

• How to identify and verify  the identity and address of the client. 

• How to identify and verify related parties. 

• How to identify and verify a Ultimate Beneficial Owners (UBOs). 

• How to identify and verify Domestic Politically Exposed Persons (DPEPs). 

• How to identify and verify Foreign Politically Exposed Persons (FPEPs). 

• How to identify and verify Prominent Influential Persons (PIPs). 

• What is Sanctions Screening? 

• How can FoxDox help you? 

Obtaining your CPD certificate 

This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognised for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAICA and SAIPA. 

 All attendees are issued with a CPD certificate available in an online profile.   

About the presenters 

Caryn Maitland CA(SA) 

Caryn Maitland is a Chartered Accountant (SA). She has been a member of IRBA as a registered auditor and accountant since 2002 and is also a registered member of SAICA. 

Caryn has lectured Auditing and Accounting at various institutions and has conducted independent workshops and seminars for professional accountants since 2006 on various topics. She has presented on the national tour for the annual Legislation Update with ProBeta Training (Pty) Ltd in 2014 and 2015, as well as on the FASSET national tour for the Tax Administration Act in 2014.  Caryn is also involved with the annual SAICA SMP Technical tour. 

Tertia Barrett   

Tertia Barett is the Sales Director at DocFox. She is passionate about engaging with people and moving business forward through smart technology. With over 20 years' experience in the B2B SaaS environment, working in a variety of highly competitive and fast-paced industries, Tertia has become accustomed to easily identifying and solving business issues and processes through the use of technology.  

Who should attend? 

The following persons will benefit from attending this webinar: 

• Practising accountants including: CA(SA), Professional Accountant (SA), AGA(SA), FCCA, BAP(SA), BA(SA) and ACCA. 

• Accounting officers. 

• Tax Practitioners. 

• Bookkeepers. 

• Trainee accountants. 

Price              

• R 450.00 - Online admission - Individual. 

• Group Price 1 - From R184 per person (up to 5 users) 

• Group Price 2 - From R121 per person (up to 10 users) 

• Group Price 3 - From R109 per person (over 11 users)

Steps to register for the event:  

If you already have a profile, login and register for the webinar. 

If you don’t have a profile, create a free profile then login and register for the webinar. 

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series). 

Click here to find out about the Technical Resource Centre & CPD Subscription options. 

Additional material 

By attending this webinar you will be provided with: 

• A summarised slide presentation. 

• Reference documents and/or course material where available. 

• You can ask questions during the webinar and you will also have access to the presenter after the webinar.