What you need to know about Terrorist Financing & related risks as an Accountable Institution October 2024
Available from
28 October, 2024
CPD
3
Course Category:
Practice Management
Level:
Moderate
To give participants the implications of the Terrorist Financing National Risk Assessment (TF NRA 2024), and provide actionable strategies for strengthening their compliance and risk management framework. October 2024 Category: Practice Management
R 375 VAT Incl.
Product Information
What you will learn
Attending this webinar will equip you with the following skills:
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- Understand the threats, vulnerabilities, and potential impact of terrorist financing on South Africa’s safety, stability, and neighbouring countries, as well as the role of targeted financial sanctions in mitigating these risks.
- Become aware of of terrorist financing risks and the application of targeted financial sanctions to prevent these risks from materialising.
- Know your specific responsibilities when dealing with clients who are accountable institutions and may be non-compliant with terrorist financing regulations.
- Know your reporting obligations and the proper steps for reporting suspicious transactions to the relevant authorities, ensuring compliance with legal requirements and protecting your institution from regulatory risks.
- Comply with the Financial Intelligence Centre Act (FICA) and stay up to date with relevant guidelines and publications issued by the FIC.
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Description
Terrorist financing poses a significant threat to financial systems globally, with increasingly sophisticated methods being employed to fund illicit activities. As an accountable institution, it is crucial to understand the legal and regulatory frameworks designed to combat these risks.
This webinar will reference the Terrorist Financing National Risk Assessment (TF NRA 2024) and cover international standards and local legislation like the Financial Intelligence Centre Act (FICA). The discussion will also include real-world case studies that provide practical insights into how risk assessment processes can be strengthened to reduce exposure to threats.
Price
The following pricing apply:
Adhoc: R375.00
Content
The webinar will cover the following topics:
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- Introduction.
- TF NRA 2024.
- Terrorist Financing.
- Terrorist Financing Risk.
- Sources of Terrorist Financing.
- Terrorist Property.
- Obligations as an accountable institution:
- Screening clients.
- Terrorist Property Report.
- Reporting suspicious & unusual transactions and behaviour.
- Targeted Financial Sanctions.
- Impact on screening your clients.
- What must Accountable Institutions comply with?
- Financial Intelligence Centre Act (FICA).
- Guidance Notes issued by the (FIC).
- Public Compliance Communications (PCC) issued FIC.
- Introduction.
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Certificate
The following CPD is awarded 3 Units Practice Management.
Requirements
There are no preconditions for this course.
Moderate level.
Recorded webinar made available on a specified date.
Presenter
Lettie Janse van Vuuren CA(SA)
Lettie is a Chartered Accountant, Registered Auditor, as well as an Assessor and Moderator. She joined SA Accounting Academy in November 2017 as Head of Technical. As a professional trainer and webinar host, she is able to hold the attention of an audience with her relaxed and humorous presentation style. She has a unique ability to communicate with delegates at their respective levels of knowledge and experience. Over the last 20 years, she has trained thousands of partners, managers, trainee accountants and other professionals.
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