FICA – Awareness Training

Moonstone MBSE FICA Awareness Training

The FICA Awareness Training is aimed at employees of accountable institutions and covers basic money-laundering and terrorist financing concepts, anti-money-laundering legislation in South Africa, the risk-based approach, and looks at the requirements for customer due diligence, reporting of certain transactions and record-keeping requirements.

What will the FICA course enable you to do?

  • The course deals with Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT), the Financial Intelligence Centre Act, POCA and POCDATARA, risk-management and compliance programmes (RMCP), customer due diligence, cash threshold and suspicious transaction reporting, terrorist property reporting and record-keeping.

Who should attend?

  • Employees of accountable institutions

This course is ideal for:

  • People employed by accountable institutions who are involved in the facilitating, processing or overseeing of financial transactions
  • Compliance officers

Content

Terrorist Financing
This topic provides and explanation of Terrorism, Sources of Terrorist financing, the objectives of Terrorist organisations, and the impact of Money-laundering and financing terrorism.

Anti-money laundering legislation
This topic looks at the various Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) legislation in South Africa. Legislation covered include FICA, POCA and POCDATARA.

Role players and their responsibilities
This topic focuses on the various players in the AML/CFT arena and explains their responsibilities in terms of Reporting, Risk Management, Internal Controls, Customers Due Diligence, Record Keeping and the Impact on Employees, etc.

Learning Material

The learning material is developed by an industry expert according to industry requirements.

Fees

Cost per learner
E-Learning:  R 500 (excl. Vat)
Rewrite:  R 326.09 (excl. Vat)

Cancellation fee:

  • In case of a cancellation after registration, but before material has been accessed, a 50% cancellation fee will apply.
  • A 100% cancellation fee (thus no refund) will apply if access to material has already been given.

Payment Options:
EFT or cash deposit

Availability of the FICA - Awareness Training

One can register at any time of the week (Monday to Friday). The learner will be linked to the learning material, on the Learning Management System, after registration and proof of payment is send to our office. After studying the material, the learner will complete the Final Assessment electronically

Dates

Registration deadline:
Learners can register at any time.

Payment deadline:
Payment should be done when a student register.

Accreditation and Certification

Certification
Students will receive a Certificate of Completion once the Final Assessment has been completed.

Method of training

Online learning                       

  • No classroom training will be available.
  • Learning material will be made available on the Learning Management System (LMS).

Admission Requirements

No admission requirements.

How to Register?

Registration is flexible and can be done 5 days a week for online learning.

Assessments

Online assessment

overview
Starting Date 
All year 

 

Method of Training

Online learning

Course Duration
6 months

Admission Requirements
No requirements

Fee:

R500.00 ( Excl. VAT )

The FICA Awareness Training is aimed at employees of accountable institutions and covers basic money-laundering and terrorist financing concepts, anti-money-laundering legislation in South Africa, the risk-based approach, and looks at the requirements for customer due diligence, reporting of certain transactions and record-keeping requirements.