FIC Compliance for Accountable Institutions short course
This self-study course helps Trust and Company Service Providers (TCSPs) understand and meet their full obligations under the FIC Act. It covers everything from FIC registration and building your Risk Management and Compliance Programme (RMCP) to customer due diligence, Targeted Financial Sanctions (TFS) screening, regulatory reporting, and completing the 2026 Risk and Compliance Return (RCR). Structured across 3 pillars and 12 modules, each with a knowledge check.
12 CPD units June 22, 2026 1 presenter
What will set you apart
By completing this course you will gain the following competencies
- Understand what service offerings will qualify you as a Trust and Company Service Provider (TCSP) and trigger your Financial Intelligence Centre Act (FIC Act) obligations
- Know your five core Financial Intelligence Centre Act (FIC Act) obligations and how they work together
- Build or review a Risk Management and Compliance Programme (RMCP) that meets all requirements
- Conduct client-level risk assessments using the 10 risk factors
- Apply the correct Customer Due Diligence (CDD) procedures for natural persons, companies, and trusts
- Identify Politically Exposed Persons (PEPs), Domestic Prominent Influential Persons (DPIPs), and Foreign Prominent Public Officials (FPPOs) and apply enhanced due diligence correctly
- Screen clients against the Targeted Financial Sanctions (TFS) list for both terrorist financing and proliferation financing designations
- Know when and how to file Cash Threshold Reports (CTRs), Suspicious Transaction Reports (STRs), and Terrorist Property Reports (TPRs) on goAML
- Understand the 2026 Risk and Compliance Return (RCR) (Directive 11), including all three sub-periods and key deadlines
Event breakdown
- Module 01: Who is a TCSP? Understanding Your FIC Registration
- Module 02: Your Five Core FIC Act Obligations
- Module 03: RMCP Governance: Structure, Approval and Ownership
- Module 04: Risk Assessment: Rating Your Clients and Business
- Module 05: Customer Due Diligence: Natural Persons, Companies and Trusts
- Module 06: PEPs, DPIPs and FPPOs: Identifying High-Profile Clients
- Module 07: Targeted Financial Sanctions: TF, PF and the TFS List
- Module 08: Ongoing Due Diligence, Transaction Monitoring and Record-Keeping
- Module 09: Regulatory Reporting: CTRs, STRs and TPRs
- Module 10: The 2026 Risk and Compliance Return: What It Is and Why It Matters
- Module 11: Completing the RCR: Parts 1, 2 and 3
- Module 12: Completing the RCR: Part 7 (Trust and Company Service Provider Questions)
Category: Practice ManagementType: CPD CourseCPD category: Practice Management
Description
If you provide trust or company services to clients, for example, registering companies with the Companies and Intellectual Property Commission (CIPC), the Financial Intelligence Centre Act (FIC Act) requires you to comply with a full set of anti-money laundering (AML) and counter-terrorism financing (CTF) obligations.
This 12-module self-study course covers everything a Trust and Company Service Provider (TCSP) needs to know: what your obligations are, how to build a compliant Risk Management and Compliance Programme (RMCP), how to conduct Customer Due Diligence (CDD) for different client types, how to screen against the Targeted Financial Sanctions (TFS) list, when to file regulatory reports, and how to complete the 2026 Risk and Compliance Return (RCR). Each module includes practical guidance, references to Financial Intelligence Centre (FIC) directives and Public Compliance Communications (PCCs), and a knowledge check. No prior FIC compliance knowledge required.
Presenters
Eszter Rapanos
You will earn a certificate
On successful completion you will receive a certificate for 12 CPD units in Practice Management.
Requirements
- Laptop, desktop, or mobile device with internet access
- Microsoft Edge, Google Chrome, Safari, or Firefox browser