FICA Compliance Training.
Simple. Flexible. Cost-effective.
Who are we?
We have more than 21 years’ experience
We focus on legal compliance training
We have trained more than 120 000 trainees
We have rolled out more than 200 000 training units
We have more than 80 localised programmes
What do we offer?
We are a specialist provider of legal and regulatory compliance training solutions to private and public sector entities.
We assist with the design and development of customisable online training programmes and a range of awareness-raising tools.
We have developed technology that caters specifically for the intricacies of online compliance training. Our training platform is state-of-the-art; developed using the latest technology; and specifically designed to eliminate distractions.
Financial Intelligence Centre Act
The South African Financial Intelligence Centre Act (FICA) is a comprehensive regulatory framework designed to curb the increasing menace of financial crimes, including money laundering and terrorist financing.
FICA lays down certain rules that high-risk institutions must follow to make the administration around the detection of money laundering easier.
All businesses have an obligation to take steps to prevent money laundering and the financing of terrorist activities. FICA requires that accountable institutions must ensure that their employees know and understand what it requires from them – and training is part of that requirement.
Our up-to-date programme provides more information on the South African Financial Intelligence Centre Act (FICA) and explains what steps you should take to ensure compliance with FICA.
Be prepared – contact us to assist you with a proactive approach to meeting your FICA training obligations.
Our programmes are CPD accredited.
On completion of our FICA training programme, trainees will understand:
- • The meaning of money laundering and terrorism financing.
- • The importance of anti-money laundering legislation.
- • Who regulates money laundering in South Africa.
- • The consequences of non-compliance.
- • The objectives of FICA.
- • The FIC’s expectation of an accountable institution.
- • The steps an accountable Institution must take to ensure compliance.
- • What the Risk Management and Compliance Programme (RMCP) must cover.
- • What an accountable institution must do to understand, manage, mitigate, and monitor its risks in terms of FICA.
- • What a client risk profile is and how to verify the client’s identity.
- • The training and record-keeping obligations prescribed by FICA.
- • How to identify a suspicious transaction and how to report it.
- • Who are sanctioned persons.
- • When suspicious transactions may proceed.
- • The protection provided to those who report money laundering activities.
Not sure where to start?
Brands we’ve worked with include:
Frequently asked questions
Here’s a list of popular questions about FICA. Contact us to enquire about how we can help your company comply.