FICA Compliance Obligations: What is FICA & Who are Accountable Institutions (AIs)?

Описание: Welcome to our FICA Compliance Obligations series! In this episode, we will discuss what FICA is and who Accountable Institutions (AIs) are. We will also explore the critical role of Accountable Institutions in the fight against money laundering and financial crime. From law firms to High-Value Goods Dealers, learn why these businesses are targeted by criminals and how regulations like the Financial Intelligence Centre Act (FICA) help protect them.

Read more about what is FICA & why you should care about it here: https://bit.ly/3zGqxgS

00:00 Introduction
00:32 Why is FICA necessary and how does it relate to Anti-Money Laundering?
00:54 How do criminals take advantage of Accountable Institutions?
01:43 How are the challenges of Money Laundering, Terrorist & Proliferation Financing being addressed?
02:07 What role does the Financial Intelligence Centre Act play?
02:50 Who needs to comply with the Financial Intelligence Centre Act?
03:50 What are the consequences of non-compliance?
04:27 Overview of our FICA Compliance Obligation series

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