Overview   

Money laundering and corruption are financial diseases that are ravaging our economy, and accounting professionals are well-positioned to combat the scourge. The Financial Intelligence Centre has recognised  that professional accountants are at the coal face with business, and have recruited our position in business to be their eyes and ears. 

In a recent amendment, the Financial Intelligence Centre Act (FICA) elevated the accounting profession to "accountable institutions".  This change in legislation brings with it many compliance and risk complications that need to be unpacked. This amendment will also go a long way to solve South Africa’s greylisting issue by the Financial Action Task Force (FATF).   

Join Caryn Maitland CA(SA) on 14 March 2023 from 9:00 a.m. to 10:00 a.m. for this complimentary webinar where she unpacks this topic of anti-money laundering and how you can play your part in it.

Learning objectives  

By attending this webinar you will gain the following competencies: 

• Understand what an accountable institution is in terms of FICA.  

• Knowledge of who qualifies as accountable institutions according to FICA’s Schedule 1.  

• Have an understanding of compliance implications of being an accountable institution, from registering, to reporting and managing your risk.  

• Be aware of the accounting practitioner's reporting obligations under anti-money laundering laws. 

• Have an understanding of the consequences of not registering as an Accountable Institution.

Content 

The webinar will cover the following topics:  

• What is money laundering? 

• Registration requirements under FICA.  

• Reporting obligations in terms of FICA.  

• Compliance requirements of being an Accountable Institution: 

  • Knowing your client and risk management. 

  • Appointing a compliance officer. 

  • Training your staff.  

• Penalties and fines for non-compliance.   

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 presenter 

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. 

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. 

• Registered auditors. 

• Independent reviewers. 

• Tax Practitioners. 

• Bookkeepers. 

Price              

• R 0.00 - This webinar is free. 

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.