The FIC Act Part 2 The 7 Compliance Pillars
Instructor
Eugene Joubert
Reviews
Course Overview
This training focuses on the employees of accountable & reporting institutions and provides training and information regarding the Financial Intelligence Centre Act, No. 38 of 2001 as amended. It is important that employees know what the FIC Act prescribes but it is equally important to understand why accountable and reporting institutions must comply with the FIC Act.
Course Content
- Introduction
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Compliance Pillar - Reporting to the FIC
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Compliance Pillar - Reporting to the Centre
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Cash Threshold Transactions - Section 28 Reports (CTR)
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FIC Act Part 2 - Cash Threshold Report
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Section 28A Reports - Property associated with terrorist and related activities and financial sanctions
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FIC Act Part 2 - Section 28A Reports
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Suspicious and unusual transactions reports (STR) in terms of section 29 of the FIC Act
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PIC Act Part 2 - Section 29 Reports
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Conveyance of cash to or from Republic - Section 30
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Electronic transfers of money to or from Republic - Section 31
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Intervention by the Centre in terms of Section 34
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Monitoring orders -Section 35(1)
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Information held by supervisory bodies and South African Revenue Service - section 36:
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Protection of persons making reports in terms of the FIC Act
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Protection of personal information
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- Compliance Pillar - Risk Based Approach
- Compliance Pillar - Duty to keep Records
- Compliance Pillar - Risk Management and Compliance Program
- Compliance Pillar - Registration
- Compliance Pillar - Training
- Compliance Pillar - Governance
- FIC Enforcement and Non-Compliance with the FIC Act
- Summative Assessment - Part 2 - The 7 Compliance Pillars