TAB Learning Academy

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FICA Definition

Your Understanding

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Introduction

1.1 Explaining the Purpose of the FICA Act 2017.

1.2. Explaining how the Law Fights Financial Crime and Illicit Financial Flows.

1.3. Understanding an Accountable Institution Requirements in Accordance to FICA Act 2017.

What does the FICA Act Enable?

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Introduction

2.1. What is Money Laundering

2.2. The Three Stages of Money Laundering

Placement Stage

Layering Stage

Integration Stage

2.3 The Reasons for Money Laundering

2.4. The Money Laundering Regulation in South Africa

2.5. Defining Suspicious/Unusual Activities

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Introduction

3.1. Defining the Risk Management and Compliance Program

3.2 Identifying the different types of customers in the gaming industry

The two types of clients

3.3 Explaining the screening of clients

3.4 Explaining the risk rating

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Introduction

4.1 Revision of the Cash transaction reporting threshold in terms of the FICA

4.2. Unusual or suspicious transactions reporting (STR)

4.3. Reporting Terrorist Activities and Property related to terrorist activities (TPR)

4.4. Explaining the record keeping

4.5. Listing the offences and penalties

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Accessing Your Next Course