Webinar invitation: How to implement a FICA Risk-Based Approach
08 Aug 2023
The first step in curating an effective Risk Management and Compliance Programme (RMCP) is to assess and understand the Money Laundering, Terrorist and Proliferation Financing Risks your business is exposed to. Once identified the next step should be to document and implement measures to mitigate those risks.
Not sure where to begin?
Join DocFox, FICA compliance experts, for a FREE 1-hour webinar on the 30th of August at 10:00 to learn more about the risks to which Accountable Institutions are exposed to and the suitable measures available to practically mitigate those risks.
Although managing and mitigating these risks may be seen as a hindrance to your daily activities, a robust risk-based approach allows your firm to comply efficiently to ensure that your reputation does not suffer.
Webinar discussion topics include:
- What is a risk-based approach?
- Industry and business specific risk indicators
- The RMCP as your golden document
- Performing adequate and comprehensive Customer Due Diligence
- Reporting and Training as risk mitigation measures
- FIC Inspections – where your risk measures are put to the test
- The consequences of not taking risk seriously
Click here for more information and to register.
See also:
- A guide to identifying and reporting suspicious behaviours and transactions
- Significant developments in reporting beneficial ownership
- Risk and compliance reporting: Legal practitioners not above the law
- Financial Intelligence Centre Act: Increase in the number of sectors as accountable institutions
