Understanding the requirements and the impact of FICA on accountable institutions

Seminar Information

This seminar will provide you with a comprehensive, up-to-date understanding of the requirements and duties as set out by the Financial Intelligence Centre.

FIC requires that all employees of accountable institutions to be trained and familiar with the requirements of the Act and refresh their knowledge on a regular basis.  By attending this seminar you will be compliant with the FIC Act with regards to training.

CPD hours: 4
Cost for members: R 550,00 (incl VAT)
Cost for non-members: R 850,00 (incl VAT)


Who should attend

All employees of accountable institutions, including attorneys, estate agents, financial advisors, financial instruments traders, bank employees, collective investment schemes employees, foreign exchange agents, gambling agents etc

How will attendees benefit

After attending this seminar, you will:

  • Have a better understanding of FICA, relevant anti-money laundering legislation and the Financial Action Task Force and its purpose.
  • Understand the seven pillars of compliance and the consequences of non-compliance.
  • Be able to submit Cash Threshold Reports, Suspicious Activity Reports and Terrorist Property Reports and be able to explain when this needs to be done.
  • Understand the purpose and responsibilities of the FICA or Section 43 compliance officer.
  • Describe examples of financial crimes and how these can be avoided.
  • Describe the newly signed FIC Amendment Act and how it differs from the existing legislation.

What attendees had to say about this seminar

“A very very big thank you for your time yesterday. Your presentation was well presented and easy to understand. As a KI I feel a lot more confident facing the new legislation head on”

– Kerry Moss | Financial Advisor

“Thank you for the guidance you gave us today, it makes me feel less intimidated by the FIC”

– Marthinus Steyn | Liberty Tied Broker.

MASTHEAD IS

A national supplier of risk management services to independent financial advisors and other licensed financial service providers (FSPs). Established in 2004, we help our clients overcome their risk management challenges so they can grow and thrive in an increasingly regulated industry. Providing professional guidance and practical support, our team of specialists is passionately committed to delivering tangible solutions.

Why Masthead?

CONTACT US

Phone:

+27 21 686 3588

E-mail:

 info@masthead.co.za