FIC Compliance for Accountable Institutions short course

Name: FIC Compliance for Accountable Institutions short course - cpd.myciba.org
Price: 287.50 ZAR
Availability: InStock

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.

Date:

22 June, 2026

Time:

08:00

Hours:

12 hours

CPD Units:

Category:

Practice Management

Group:

Channel 3: Specialisation

Format:

Self-study

FIC Compliance for Accountable Institutions short course

R287,50 VAT incl.

Product Information

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.

Presenter/s

This is a self-study short course consisting of reading material that you can complete at your own pace. Please note that there is no presenter for this course.

What will set you apart

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

Complete Risk and Compliance Return (RCR) Parts 1, 2, 3, and 7 with the correct evidence on file.

Event breakdown

PILLAR 1: FOUNDATIONS

Module 01: Who is a TCSP? Understanding Your FIC Registration
Module 02: Your Five Core FIC Act Obligations

PILLAR 2: BUILDING YOUR RMCP

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

PILLAR 3: REPORTING OBLIGATIONS AND THE RCR

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)

Certificate

The following short course is awarded 12 CPD unit.