IEASA Webinar - FICA Total Make-Over: 2023 - 14 November 2023

IEASA Webinar - FICA Total Make-Over: 2023

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 
• NEW RMCP expectations and 
• 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)
• 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

Date: Tuesday 14 November 2023

Time: 10h00 – 12h30 

Cost: R400 for Principals or Managers or Agents (one ticket to attend this webinar and certificate)

R100 for Agent, Intern, person from the same office requiring a certificate of Compliance / Training / Attendance for each additional ticket. (This cost does not include the pack.)

CPD Points: 2.5 non-verifiable catch up points