Overview
The Financial Intelligence Centre Act (FIC Act) places significant compliance responsibilities on Accountable Institutions, making it essential for accountants, auditors and bookkeepers to understand their obligations and implement effective compliance measures. Failure to comply can result in administrative sanctions, financial penalties, reputational damage and, in certain circumstances, criminal prosecution.
This practical webinar provides delegates with a comprehensive understanding of the complete FIC compliance journey, from determining whether an organisation qualifies as an Accountable Institution to implementing a Risk and Compliance Management Programme (RMCP), conducting Customer Due Diligence (CDD), identifying Ultimate Beneficial Ownership (UBO), performing sanctions screening, fulfilling regulatory reporting obligations and maintaining ongoing compliance. Practical guidance, best practices and common compliance pitfalls will also be discussed to help delegates confidently apply the FIC Act within their firms and when assisting clients.
Join Mél Wolmarans on 29 September 2026 from 10:00 am to 12:00 pm as she provides practical guidance on implementing the Financial Intelligence Centre Act (FIC Act), developing effective compliance processes and managing ongoing regulatory obligations to ensure firms remain compliant while confidently supporting clients with their FIC requirements.
Learning objectives
Attending this webinar will equip you with the following skills:
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Understand the legislative requirements of the Financial Intelligence Centre Act (FIC Act) and determine whether your organisation qualifies as an Accountable Institution.
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Develop and implement an effective Risk and Compliance Management Programme (RMCP) using a practical risk-based approach.
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Apply Customer Due Diligence (CDD) procedures, including client verification, Ultimate Beneficial Ownership (UBO) identification and ongoing due diligence.
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Conduct risk assessments, perform Targeted Financial Sanctions (TFS) screening and meet regulatory reporting obligations.
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Implement practical FIC compliance measures within your firm while avoiding common compliance pitfalls and preparing for regulatory inspections.
Content
The webinar will cover the following topics:
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Introduction to the Financial Intelligence Centre Act (FIC Act)
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Purpose and objectives of the FIC Act
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Accountable Institutions
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Legislative compliance obligations
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Regulatory framework and responsibilities
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Registration and the Risk and Compliance Management Programme (RMCP)
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FIC registration requirements
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Compliance Officer responsibilities
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Developing and implementing an effective RMCP
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Customer Due Diligence (CDD)
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Client identification and verification
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Ultimate Beneficial Ownership (UBO)
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Ongoing due diligence procedures
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Risk-Based Compliance
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Conducting risk assessments
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Targeted Financial Sanctions (TFS) screening
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Politically Exposed Persons (PEPs) and Prominent Influential Persons (PIPs)
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Regulatory Reporting
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Risk and Compliance Returns (RCRs)
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Suspicious Transaction Reports (STRs)
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Cash Threshold Reports (CTRs)
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Record-keeping requirements
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Practical Implementation
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Practical compliance workflow
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Common compliance challenges
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Best practices for accountants, auditors and bookkeepers
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
Mél Wolmarans
Mél Wolmarans is the General Manager and FIC Compliance Officer at Sekretari (Pty) Ltd, with extensive experience in company secretarial services, corporate governance and Financial Intelligence Centre Act (FICA) compliance.
In her role, Mél oversees the firm's anti-money laundering and counter-terrorist financing compliance framework, including the implementation and ongoing monitoring of its Risk Management and Compliance Programme (RMCP).
She works closely with accountable institutions, accountants, business owners, company secretaries and trust administrators, providing practical guidance on FICA compliance, beneficial ownership identification, customer due diligence, corporate governance and regulatory requirements.
Mél has developed practical compliance tools, policies and training programmes to assist organisations in meeting their obligations under the Financial Intelligence Centre Act.
She is passionate about simplifying complex legislation and presenting it in a practical, easy-to-understand manner. Her training focuses on real-life scenarios, practical examples and regulatory best practices, enabling delegates to confidently apply legislative requirements in their day-to-day operations.
Who should attend?
The following persons will benefit from attending this webinar:
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Practising accountants including: CA(SA), Professional Accountant (SA), AGA(SA), FCCA, BAP(SA), BA(SA) and ACCA.
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Registered auditors.
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Audit managers.
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Trainee accountants.
Price
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R 450.00 - Online admission - Individual.
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Group Price 1 - From R337 per person (up to 5 users)
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Group Price 2 - From R260 per person (up to 10 users)
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Group Price 3 - From R224 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:
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A summarised slide presentation.
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Reference documents and/or course material where available.
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You can ask questions during the webinar and you will also have access to the presenter after the webinar.
Corporate training solutions
At the Accounting Academy, we recognize the evolving needs of businesses in today's dynamic environment. Beyond our standard webinar offerings, we provide tailored corporate training solutions designed to empower your team with the latest in accounting and professional skills. Whether you're looking for online sessions or face-to-face training, our programs are crafted to ensure a comprehensive and engaging learning experience.
Drawing inspiration from modern training methodologies, our corporate solutions are interactive, adaptable, and focused on real-world applications. We prioritize hands-on learning, ensuring your team can immediately apply their newfound knowledge in practical scenarios.
Interested in a bespoke corporate training experience? Reach out to us at corporate@accountingacademy.co.za or call 010 593 0466. Together, let's design a training program that elevates your team's capabilities and aligns with your organizational goals.
Contact us
Have any questions or need any assistance? Contact us today!
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Online chat through our website.
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WhatsApp: Start chatting (+27635026114)
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Phone: 010 593 0466
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E-mail: ticket@accountingacademy.co.za