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The FIC Act Part 3 Customer Due Diligence

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Instructor

Eugene Joubert

Reviews 4.74 (31 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

    • Disclaimer and Copyright - FIC Act Part 3 - Customer Due Diligence

    • Learning Outcomes - FIC Act Part 3 - Customer Due Diligence

    • Key Acronyms and Definitions

    • Introduction to Customer Due Diligence

  • CDD - Establishing and Verifying Identities

    • CDD - Establishing and verifying the identities of natural persons

    • CDD - Establishing the identity of legal persons, trusts and partnerships

    • Impact of PoPIA

    • FIC Act Part 3 - Establishing and verifying client identities

  • CDD - Legal Persons

    • CDD of a legal person

    • FIC Act Part 3 - CDD Legal Person

  • CDD - Partnerships

    • CDD of a Partnership

    • FIC Act Part 3 - CDD Partnerships

  • CDD - Trusts

    • CDD of a Trust

    • FIC Act Part 3 - CDD Trusts

  • CDD - Timing of Verification

    • CDD - Timing of Verification

    • FIC Act Part 3 - Timing of Verification

  • CDD - Business Relationships

    • CDD - Business Relationships

    • FIC Act Part 3 - Business Relationships

  • CDD - Politically Exposed and Prominent Influential Persons

    • CDD - PEP and PIP

    • FIC Act Part 3 - PEPs and PIPs

  • CDD - Due Diligence

    • CDD - Ongoing Due Diligence

    • FIC Act Part 3 - Ongoing Due Diligence

    • CDD - Doubts about veracity of previously obtained information

    • FIC Act Part 3 - Doubts about information veracity

    • CDD - Inability to conduct Due Diligence

  • CDD - Ultimate Beneficial Owners

    • UBO - Introduction

    • UBO - Establishing the beneficial owner of a client

    • UBO - Beneficial Owner

    • UBO - Establishing the beneficial owners of a company

    • UBO - Establish the beneficial owner of a Trust

    • UBO - Establish the beneficial owner of a Partnership

    • UBO - Establish the beneficial owner of a Non-Profit Organization

    • UBO - Adequate, Accurate and Up-To-Date Information

    • FIC Act Part 3 - Beneficial Ownership

  • CDD - Sanctions

    • Sanctions - Introduction

    • Sanctions - Prohibitions

    • Sanctions - Screening of client information

    • Sanctions - Freezing Process

    • Sanctions - Reporting

    • FIC Act Part 3 - Sanctions

  • CDD - Employees

    • CDD - Employees - Introduction

    • CDD - Employee Screening

    • FIC Act Part 3 - Employee screening

  • Summative Assessment - Part 3 - Customer Due Diligence

    • Summative Assessment - Part 3 - Customer Due Diligence

Paid
  • Course Level Experts
  • Lessons 31
  • Duration 8 hr
  • Language English
  • Enrolled 3
  • Available Seats 17
  • Additional Resource 0
  • Last Update 30 April 2025