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 understand that each business differs in size, structure and service offering. If you are an FSP, Legal Practitioner, Estate Agent, or any other Accountable Institution which includes Motor Dealers, we can help customise and implement your FICA RMCP in your business. Our team of experienced professionals, who are knowledgeable in the FIC Act and have experience in implementing FIC requirements in businesses, will guide and assist you in ensuring that your FICA RMCP is customised and implemented in your business.
What a client had to say about our implementation service
“We did not know where to start with developing and implementing our customised RMCP. I am thrilled that Masthead stepped in and managed the whole process. The implementation was done meticulously and I am now confident that my RMCP complies and my staff are properly trained. Getting Masthead to help us was the best decision.”
Nico Zandberg I Engelsman Magabane Inc.
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.