Know Your Customer & Exploring Ultimate Beneficial Ownership

A deep dive into how to practically implement due diligence processes and practices into your business.

Why should you attend?

The Financial Intelligence Centre Act (FICA) requires that all Accountable Institutions perform client due diligence, when onboarding clients as well as carry out ongoing due diligence with existing clients.

During this 1.5 hour training session we will explore the requirements of FICA and its risk-based approach to due diligence, as well as delve into the real-world steps of establishing and verifying the identity of your clients.

An overview of the training

The three stages of money laundering are discussed and are referred to throughout the training to contextualise the various practical guidance and examples provided. At DocFox our compliance team prides themselves on making the FIC Act easier to understand by using real-life examples.

The training aims to give you guidance that will help you get answers to the following questions:

Who you are?
Where you are?
What you do?
Where did you get the funds?
When did you get the funds?
What do you want to do?

What you will get

Upon completion of this training you will receive a certificate of attendance for your FICA compliance file, practical tips that you can implement in your business and if you are registered with the FPI you will also be able to claim 2 CPD points.

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

R495 + VAT/per person

To book a bespoke session for just your business, at a date and time mutually agreed, please email compliance@docfox.co.za

Book your training

Click on your preferred date for more information and to book your training.

Available training

FICA Awareness Training

As per regulatory requirements, this introductory training course is designed to cover the core FICA requirements set out by the FIC and includes topics such as the amended FIC Act, AML and KYC.

Money Laundering risks in the legal profession

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 FICA compliant.