This course is the most up to date course on FICA that won't put you straight to bed. We'll give you a general overview of FICA and will enable you to identify suspicious transactions, how to report them, what KYC is and why FICA is important.
Best of all is it will keep you out of trouble!
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Access for12 months
In this course, we teach you the ins and outs of Anti-Money Laundering (AML), the Financial Intelligence Centre Act (FICA) and Know Your Client (KYC) procedures in a South African context.
Not only is this a regulatory requirement that staff of accountable institutions need to conduct informal training but it can save you from getting you and your business into heaps of trouble. Besides, it's the right thing to do.
This course is designed as a general awareness introduction to FICA, AML and KYC. In this course, you will watch interactive videos designed by experts, write an exam (yikes!) and finally obtain a certificate when you complete the course.
Firstly we cover the definition of money laundering. We cover the essentials of FICA and Anti-Money Laundering and where they come from in a global context. Then we delve into the customer due diligence process, registration as an accountable institution and record keeping of transactions and client details. We also take a look at how one would report any suspicious activity to the authorities and finally we teach you about the importance of the Compliance Officer.
You'll need to obatin a pass score of 65% so make sure you pay close attention to the videos and information given to you. Remember you can pause the video or course any time you like to come back to it later. If you do not pass an exam or the course, you can either retake the exam or redo the course.
You can also contact us at any time if you need support or have some suggestions or fixes to point out to us at firstname.lastname@example.org.
Pretty simple right?
So what are you waiting for? Let's get cracking!
"This was one of the most fun compliance courses I've seen in a long time."Karla
Nothing short of brilliant so far! If my brokerage can be as professional and dynamic as my compliance officers then the sky is the limit.Matthew