FICA requires all Accountable Institutions to apply a risk-based approach to identify, assess and understand its money laundering & terrorist financing risks in respect of the products and services it offers to clients, and develop control measures to manage and mitigate the identified risks. Where there are higher risks, to apply additional measures to manage and mitigate these risks. All of this must be documented in the FICA Risk Management and Compliance Programme.
We also host FICA RMCP webinars where we will practically guide you through all the elements that need to be included in your FICA RMCP.
Read more and register for the webinar here.