The annual update will cover essential developments and refresher topics, including:

• Overview of the primary Anti-Money Laundering (AML) legislative framework in South Africa
• Key definitions and terminology in terms of money‑laundering legislation
• Penalties and consequences of non‑compliance
• Understanding Customer Due Diligence (CDD) and how to perform it effectively
• Domestic and foreign Politically Exposed Persons (PEPs)
• Definition and treatment of Prominent Influential Persons (PIPs)
• When ongoing due diligence is required
• Targeted Financial Sanctions (TFS) list screening obligations
• Duty to file regulatory reports and the implications of failure to report
• Common red flags and indicators of suspicious activity
• Legal consequences of tipping off
• Beneficial ownership requirements and verification obligations
  
  

This course is essential for all employees working within accounting firms and accountable institutions who are required to understand and adhere to FICA and AML/CTF compliance requirements