How to develop, implement and maintain a Risk Management and Compliance Programme for your firm in terms of the Financial Intelligence Centre Act (FICA).
Accounting and Auditing firms must in term of the Financial Intelligence Centre Act (FICA) develop, implement and maintain a Risk Management Compliance Programme (RMCP)
Your firm will be required to fulfil certain regulatory obligations, such as:
• Establish and verify the identity of clients
• Understand the nature and purpose of a transaction/relationship
• Keep records of business relationships and transactions
• Screen against sanctions watchlists
• Report receipts of cash above a prescribed amount to the FIC
• Report suspicious transactions or activities to the FIC
• Document internal processes consistent with obligations under the FICA
• Offer compulsory FICA training to all employees
• Appoint a compliance officer
• Identify the source of funds for transactions.
Please join me for this free session where I will explain to you how I can assist your firm with the implementation of your firm’s RMCP.
