The FICA Awareness Training is aimed at employees of accountable institutions and covers basic money-laundering and terrorist financing concepts, anti-money-laundering legislation in South Africa, the risk-based approach, and looks at the requirements for customer due diligence, reporting of certain transactions and record-keeping requirements.
Understanding FICA
This course is aimed at company employees of accountable institutions, and covers basic money-laundering, terrorist financing concepts, proliferation financing, anti-money-laundering legislation in South Africa, the risk-based approach, and looks at the requirements for customer due diligence, reporting of certain transactions and record-keeping requirements.
The course deals with Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT), the Financial Intelligence Centre Act, POCA and POCDATARA, risk-management and compliance programmes (RMCP), customer due diligence, cash threshold and suspicious transaction reporting, terrorist property reporting and record-keeping.
Who should register?
- People employed by accountable institutions who are involved in the facilitating, processing or overseeing of financial transactions.
- Key Individual
- Compliance Officer
- Representative
- Manager
- Employee
Content
Unit 1: Understanding money laundering, terrorist financing and proliferation financing
Unit 2: Regulation
Unit 3: Compliance
Unit 4: Reporting Obligations and Consequences of Non-compliance
Unit 5: FICA in a nutshell
Learning Material
The learning material is developed by an industry expert according to industry requirements.
Availability of Understanding FICA
One can register at any time of the week (Monday to Friday). The learner will be linked to the learning material, on the Learning Management System, after registration and proof of payment is send to our office. After studying the material, the learner will complete the Final Assessment electronically
Dates
Registration deadline:
Learners can register at any time.
Learners can register at any time.
Payment deadline:
Payment should be done when a student register.
Accreditation and Certification
Certification
Students will receive a Certificate of Completion once the Final Assessment has been completed.
Students will receive a Certificate of Completion once the Final Assessment has been completed.
Method of training
Online learning
- No classroom training will be available.
- Learning material will be made available on the Learning Management System (LMS).
Admission Requirements
No admission requirements.
How to Register?
Registration is flexible and can be done 5 days a week for online learning.
Assessments
Online assessment
overview
Fee:
R 549 (incl VAT)
Starting Date
All year
Method of Training
Online learning
Course Duration
The student will have access to the material for twelve months.
Admission Requirements
No requirements