FICA 101: An introduction to FICA compliance

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Why Attend

This introductory session will cover all the basics of FICA. We’ll guide you through the core concepts of FICA in a clear and accessible manner, ensuring you walk away with a practical understanding of the act and its impact on your business. Join us for FICA 101 and start building a solid foundation for your business's compliance journey — no jargon, just practical knowledge.

Who Should Attend?

This training is the perfect guide for anyone new to FICA or for staff that just need a refresher training on the core principles, this webinar is designed to equip you with the knowledge you need to comply with ease. You’ll leave with a clear understanding of your FICA obligations and actionable steps to implement in your business.

Key Topics Include:

A straightforward explanation of the Financial Intelligence Centre Act, the history and its role and importance in preventing money laundering and other financial crimes.

A breakdown of the key responsibilities of businesses under FICA, including customer due diligence, record-keeping, reporting requirements, and more.

A quick look at the fines issued against Accountable Institutions that did not implement the obligations.

A step-by-step walk-through of the FICA compliance process, from customer identification to transaction monitoring and reporting suspicious activities.

We’ll make complex concepts easy to grasp, using simple language and real-world examples, so you can confidently meet FICA requirements without getting lost in legal jargon.

Basics

Time : 1.5 Hours

Format: Online Webinar

Receive: Certificate and Training Information provided. Minimum attendance duration required for certification.