This course is designed to assist FICA Compliance Officers and Money Laundering Reporting Officers of accountable institutions and reporting institutions in understanding the Financial Intelligence Centre Act 38 of 2001 (“FICA”) (and incidental legislation) at a greater depth.
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- Higher Certificate in Short-Term Insurance (NQF 5)
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Managing FICA
Managing FICA
Synopsis
This course covers registration (of head offices and branches) with the FIC and how changes to registration information and changes in ownership or business should be conducted.
It covers the appointments of FICA Compliance Officers and FICA Money Laundering Reporting Officers.
The course also covers a risk-based approach that is implemented by FICA and the specific risks related to money laundering, terrorist financing and proliferation financing. Risk management, risk identification and assessment as well as risk mitigation are covered.
Customer Due Diligence is discussed in detail regarding FICA and how reporting and record keeping should be conducted.
This course also covers the screening and training of employees and how reporting should take place to comply with FICA.
The course closes with FIC inspections and what the rules with regards to entry and inspection entail. The power of the inspector is covered as well as what to expect at an inspection.
Who is it aimed at
This course is designed to assist FICA Compliance Officers and Money Laundering Reporting Officers of accountable institutions and reporting institutions in understanding the Financial Intelligence Centre Act 38 of 2001 (“FICA”) (and incidental legislation) at a greater depth. While this course does not focus on a single item listed as an accountable institution in Schedule 1 to FICA, it does focus on the general application of FICA within a listed institution.
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: Registration and Appointments
Unit 6: The Risk-based Approach
Unit 7: The Risk Management and Compliance Programme (RMCP)
Unit 8: Employees and Reporting
Unit 9: FIC Inspections
Method of Training: Online learning
Learning material will be made available on the Learning Management System (LMS).
Students will have access to interactive, online learning material developed by an industry expert which will include relevant additional resources.
Availability:
Students can register online (www.mbse.ac.za )at any time of the week (Monday to Friday).
Students will receive confirmation of registration and be allowed access to the learning material, once the required payment for the course has been made.
Course Duration:
The course can be completed in 5 hours. The student will have access to the material for twelve months.
Certification
Students will receive a Digital Certificate of Completion once the Final Assessment has been successfully completed. A pass mark of 60% is required for the Final Assessment.
overview
FEES
R1 100 (incl. Vat)
Starting Date
All year
Method of Training
Online Learning
Course Duration
The course can be completed in 5 hours. The student will have access to the material for twelve months.
Admission Requirements
No requirements
SHORT COURSES
- National Credit Act
The National Credit Act No 34 of 2005 was passed by Parliament on the 10th of March 2006. It is designed to achieve a number of objectives, most of which are to benefit and protect the consumer. The aim is to introduce a single, functional system of regulation that will apply to all credit activities, thereby ensuring that all credit providers and credit consumers are treated equally.
- FICA Courses
FICA is a crucial piece of legislation in South Africa. Its primary purpose is to combat financial crimes, including money laundering, fraud, tax evasion, terrorist financing activities, and identity theft. To be FICA compliant in South Africa, both organizations and individuals need to adhere to specific requirements and obligations.
- POPIA Courses
The Protection of Personal Information Act (PoPIA) is South Africa’s data protection law. The purpose of the legislation is to ensure all South African institutions conduct themselves in a responsible manner when collecting, processing, storing and sharing another entity’s personal information, by holding them accountable should they abuse or compromise personal information in any way.
- Entrepreneurship
An entrepreneur is someone who creates new business in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying business opportunities and assembling the necessary resources, structures and procedures to capitalize on those opportunities.
Qualifications
- Postgraduate Diploma in Financial Planning (NQF 8)
The qualification is designed to provide advanced financial planning skills, knowledge, attitudes and values in the areas of Financial Management, Asset Management, Investment Planning, Risk Management, Tax Planning, Retirement Planning, Estate Planning and Ethics in order to produce graduates to meet the growing need for financial planning professionals in SA.
- Advanced Certificate in Financial Planning (NQF 6)
The Advanced Certificate in Financial Planning (ACFP) provides the skills and knowledge required to provide holistic financial planning services to the ‘man in the street’ and prepares you for further specialised studies in financial planning. The ACFP also addresses the education requirement to obtain the FINANCIAL SERVICES ADVISOR™ (FSA™) designation awarded by the Financial Planning Institute of South Africa (FPI). Please visit: www.fpi.co.za for more information on ‘a career in financial planning’.
- Occupational Certificate: Compliance Officer (NQF 6)
Companies and organisations are required to comply with various regulations and legislative requirements. Moonstone Business School of Excellence’s Occupational Certificate: Compliance Officer (NQF level 6) qualification equips students with these expert skills, and practical experience in legal matters, compliance risk management as well as the compilation, implementation and reporting of compliance strategies.
- Higher Certificate in Wealth Management (NQF 5)
The Higher Certificate in Wealth Management (HCWM) provides an ideal entry point into the financial services industry in various roles, or to kickstart your career in financial planning. The HCWM is recognised by the Financial Services Conduct Authority for all product sub-categories of Category I FSPs, and can be used to fulfil fit and proper requirements for FAIS roles in Category I FSPs.
- Higher Certificate in Short-Term Insurance (NQF 5)
The qualification covers Short-term Insurance related learning and provides a framework for students to develop competencies that will give them insight into the short-term sub-sector. It introduces a basic understanding of the key terms, rules, concepts and principles of the fields that will prepare them for the industry.
- Further Education and Training (FETC): Short Term Insurance (NQF 4)
The qualification covers Short-term related learning and provides a framework for students to develop competencies that will give them insight into the Short-term insurance sub-sector. It introduces a basic understanding of the key terms, rules, concepts and principles of the fields that will ready them for the industry.
- Further Education and Training (FETC): Wealth Management (NQF 4)
The Qualification is a holistic introduction to Wealth Management and Wealth Creation. It enables intermediaries to understand the Wealth Management environment, the legislative requirements and product-related information. Our qualification is aimed at students with less than four years’ experience, newcomers to the industry, or those who have lots of experience, but would like to brush up on their product knowledge. We developed the Skills Programmes, covered in this qualification, to provide intermediaries with more options to comply with the requirements of the FAIS Act.