Money Laundering risks in the legal profession

An introduction to money laundering and terrorist financing in a South African legal practice context

 

Why should you attend?

As a law firm you are urged to ensure that your practice fulfils various FICA obligations. During this session we will take a closer look at the money laundering risks associated with law firms, as well as key areas that your firm needs to address in order to be fully FICA compliant.

What you will get

Upon completion of this 1-hour training you will receive a certificate of attendance for your FICA compliance file and practical tips that you can implement in your business.

An overview of the training

Some of the topics that will be covered include:

  • Overview of money laundering and terrorist financing concepts
  • Discussion and examples of predicate crimes in South Africa
  • Summary of financial crime legislation in South Africa (FICA, PRECCA, POCDATARA etc.)
  • 3 stages of money laundering
  • Introduction to FICA
  • Seven FIC Obligations
  • FIC and the Legal Practice Council (LPC)
  • Exploration of key legal practice products and services with example risks, red flags and mitigation strategies:
    • Fees and funds
    • Client account abuse
    • Escrow
    • Purchase, sale and transfer of assets
    • Formation of entities
    • Document certification & legitimisation
  • Reporting suspicions & tipping off
  • The complexity of legal privilege
  • Consequences of non-compliance

Training Price

To join our open sessions (there may be others attending from other businesses):

  • First 10 attendees at R395+VAT/per person
  • Additional attendees at R350+VAT/per person

 

To book a bespoke session for just your business, at a date and time mutually agreed:

  • A flat fee of R5000+VAT for up to 10 attendee’s
  • Additional attendees at R250+VAT/per person

Fill in your details below, we will then be in contact to book your spot

For any assistance or questions you might have regarding our training, please get in touch with us via compliance@docfox.co.za