ThePRACTICAL focus on:
Initial training
· The FIC Act
· Timeline,Greylisting, consequences.
· 8 Compliance obligations
· Therole-players & their responsibilities
· Communicating with the FIC
· Practical- The documents and doing the basics
Part1
· Theprocess
Part2
· The red flags
Part3
· Different products and services call for different timeframes and tools
Part4
RMCPand Forms covering the process
· ClientID and verification
· TFSand Open Media searches
· Riskrating and outcome
· PEPS,PIPS and outcome (Domestic, Foreign and nearest/dearest)
· Beneficialownership
· Comparisonswith the FICA history of clients
· Reportingpossibility
· Record-keeping
Part5
· Assistance,training and guidance by FIC Compliance officer and management