Accountants' Discussion Forum: How to ensure your compliance with FICA
CPD Hours: 1
Price: Complimentary
Accountants' Discussion Forum: How to ensure your compliance with FICA
Presenters : Caryn Maitland CA(SA) , Tertia Barrett
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:
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Credit providers subject to the NCA.
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High-value goods dealers.
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Trust and company service providers.
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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:
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Possess background information of the Financial Intelligence Centre Act (FICA).
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Have knowledge of the new Accountable Institutions as per the Schedule 1 amendments to FICA.
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Gain insights into the 7 key steps required to become FICA compliant.
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Get an overview of the consequences of non-compliance with FICA.
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Have a practical FICA compliance guide that you can implement in your firm.
Content
The webinar will cover the following topics:
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Who are Accountable Institutions?
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How do I register with the FIC?
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What is a Risk Management and Compliance Programme (RMCP).
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How to perform proper customer due diligence (CDD).
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How to identify and verify the identity and address of the client.
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How to identify and verify related parties.
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How to identify and verify a Ultimate Beneficial Owners (UBOs).
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How to identify and verify Domestic Politically Exposed Persons (DPEPs).
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How to identify and verify Foreign Politically Exposed Persons (FPEPs).
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How to identify and verify Prominent Influential Persons (PIPs).
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What is Sanctions Screening?
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How can FoxDox help you?
