Money Laundering & FICA

MONEY LAUNDERING & FICA

With the ever-evolving global economy, the ability to protect organisations and individuals by combating money laundering and associated corrupt activities has become an increasingly crucial skill. This course helps you ensure compliance with SA money laundering legislation, teaching employees to be vigilant and protecting your business and your clients from crime.

Lesson Information

Lesson 1

What is money laundering?

Money laundering takes place when you conceal or disguise the nature, source, location, disposition or movement of the proceeds of unlawful activities. In this lesson you will learn:

What money laundering is
The objective of money laundering
The difference between fraud and money laundering

Lesson 2

The process of money laundering

In this lesson the process of money laundering is discussed against the background of macro and micro environment. In this lesson you will learn:

The process of money laundering
How is money laundered at a macro level?
Money laundering at a micro level

Lesson 3

Anti money laundering legislation

This lesson will educate you on legislation regarding money laundering and more specifically, legislation to combat money laundering. In this lesson you will learn more about:

POCA
PRECCA
FICA

Lesson 4

Duties of an accountable institution

This lesson details the duties of an institution in terms of the responsibilities associated with anti-money laundering regulations. It further describes the duties of the individual and provides guidelines for FICA compliance. In this lesson you will learn:

Duty to identify the client
Duty to keep records and access information
Duty to report suspicious activities

Lesson 5

Internal rules and penalties

What internal organisational procedures should be in place in order to comply with legislative requirements? This lesson gives guidelines on how to put these procedures in place and how to manage them. In this lesson you will learn:

Internal rules and procedures
Internal training
Offences and penalties

Expert Presenter

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Sean Bosse

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Sean Bosse is an admitted attorney and conveyancer with over 18 years experience. Prior to establishing Bosse and Associates, Sean was a director at a leading South African law firm where he focused on business law and advisory. During this time Sean was awarded his MBA from Oxford Brooks University in the United Kingdom. Sean is also a commercial and intellectual property lawyer structuring commercial transactions, commercial and civil litigation, protection of trademarks and copyright and entertainment law.