IEASA Webinar - FIC Act & RMCP - Internal Awareness Session and FICA Pack - 13 July 2022

calendar
Wed Jul 13, 10:00 - Wed Jul 13, 12:30
location
Online Webinar

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IEASA Webinar - FIC Act & RMCP - Internal Awareness Session and FICA Pack 


Practical FICA - STEP BY STEP WORKSHOP covering: FIC Act 38 of 2001


Host: Annette Evans IEASA General Manager

Presenter: Koti Steynberg


Includes: One ticket to attend the zoom workshop AND the Workbook that could be printed by those attending the workshop if they want to. The information from the slides is included in the workbook. They will in addition to the workbook all receive the Risk Management and Compliance Programme (RMCP), the forms tailor-made for the Property Industry.


During the practical workshop the focus is on:

According to the FIC, one of the FATF Findings on the DNFBPs (Designated Non-Financial Business Professions including Property Practitioners Business) is as follows:


  • Estate agents and attorneys tend to heavily rely on other partners in the AML chain (e.g., banks or other DNFBPs involved in the transaction) to effectively perform these requirements even where this is not allowed. 
  • Based on discussions with the DNFBP sectors, assessors believe this comes from

- a limited knowledge of applicable (amended) FIC Act requirements,

- following the removal of many exemptions applicable under the old FIC Act and

- limited supervision


The new RMCP requirement is a big challenge for most Property Practitioners to understand.


Property Practitioners will Contributes to an improvement in the state of the adequacy of their institution’s RMCP and assist the country to better comply with the FATF requirements….Property Practitioners are the GATEWAY to the property transaction process and therefore the PPRA expect each registered Property Practitioners Business to be compliant by the 15th of July 2022.


Updated IEASA FICA Workshop with focus on compliance by the 15th of July following the PPRA’s note & the FIC’s Risk Awareness Workshop


Practical Step by Step approach, to 7 Compliance obligations including:


  1. Compliance Officer
  2. Registration at FIC
  3. Training
  4. Updated - Risk Management and Compliance Programme (RMCP)
  5. Updated - Client identification, verification & Risk Rating
  6. Reporting
  7. Record keeping 


FOCUS: Inspection readiness


We call on all Property Practitioners to be ready with your:


  • Revised RMCP
  • Risk-based approach
  • Supporting documents


Date: Wednesday 13 July 2022

Time: 10h00 - 12h30

Location: Online via Zoom

CPD Points:  2.5 non-verifiable points for personal / professional category

Cost: R350 - FICA Pack for Principals or Managers (includes the pack and one ticket to attend this webinar)

R50 for each agent, intern, person requiring a certificate of Compliance Training Attendance or each additional ticket. The R50 price does not include the pack.


NOTE:  Agencies can book for their team to each receive a CPD certificates for their files to state they have attended the IEASA FIC Act Compliance Session - at R50 each. Principals or managers, pay R350 to receive the full FIC Act Compliance Pack for their agencies and a CPD Certificate. All CPD Certificates to state delegate Successfully completed the FIC Act Compliance training session.

Additional information

Refund policy No refunds

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