
MONEY LAUNDERING & FICA
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
Sean Bosse
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
