IEASA Webinar - FICA Total Make-Over 2023 - 9 May 2023

By IEASA http://ieasa.org.za/pub/home

Tue May 9, 10:00 - Tue May 9, 12:30

Online Webinar

ABOUT


IEASA Webinar - FICA Total Make-Over 2023


Presenter: Koti Steynberg


Host: Annette Evans


Property Practitioners are the GATEWAY to the property transaction process and therefore the FIC expect each registered Property Practitioners Business to be compliant according to the FATF expectations and their focus on the property industry. – “Property Practitioners “fail” as Designated Non-Financial Business Professions” – FATF 2021 & Correction will remove SA from the Greylist” – FATF 2022


Based on the following:

  • FIC Act changes in December 2022.
  • The 2 FIC information sessions (Feb & March),
  • Directives with deadlines (April & May),
  • NEW RMCP expectations and
  • the PCCs released by the FIC this year.
  • FIC Centres DIRECT supervision and proof thereof to FATF


We will include:

  • Changes as Gazetted 31 December 2022
  • Risk Management and Compliance Programme (RMCP) changes as set out by the FIC March 2023
  • Understanding of money laundering (ML), terrorist financing (TF) and proliferation financing (PF) risks
  • Customer Due Diligence (Client identification, screening of TFS list, verification)
  • Screening and risk rating of all employees (Directive 8 – immediately effective)
  • Risk Compliance Return In Terms Of Section 43a Of The FIC Act 38 Of 2001. Directive 6 deadline to submit 31 May 2023
  • Reporting
  • Training
  • Record keeping
  • Due Diligence
  • Beneficial Ownership
  • Risk-based approach
  • Reporting and threshold changes
  • FPEP, DPEP & PIP – (Changes)
  • Supporting documents and methods with the necessary changes


Everybody in the property industry is welcome!

 


Date: Tuesday 9 May 2023

Times: 10h00 - 12h30

Location: Online via Zoom

Cost: R400 

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



A TOTAL MAKE-OVER: 2023

THE NEW FICA Pack will be available with the new improved RMCP and the updated forms to perform the FICA process and include proof of compliance according to the FIC and FATF expectations.


The new RMCP can be used as a training tool for your employees and as proof of methods used. All these documents covers the questions and answers/compliance of the FICA Questionnaire (Directive 6) that should be submitted before 31 May 2023.