Accountable Institution: Your Practical Implementation Guide
CPD Hours: 0
Price: R450.00
Accountable Institution: Your Practical Implementation Guide
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:
-
Credit providers subject to the NCA.
-
High-value goods dealers.
-
Trust and company service providers.
-
Crypto assets service providers.
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?
