Compliance, Consulting and Training
Moonstone Compliance offers compliance, consulting and training options for accountable institutions and other entities to help them implement anti-money laundering procedures and meet the requirements of the Financial Intelligence Centre Act (FICA).
Our service offering is suitable for all accountable institutions as defined in the amendments to Schedule 1 of FICA that took effect on 19 December 2022.We are uniquely positioned to help you implement legislative requirements by explaining complex regulations and offering practical recommendations tailored to your business, ultimately reducing the risks of unsuitable processes.
We offer a range of services
Combined in different ways, including:
- Incorporating all FICA requirements into the business through a structured programme that considers a risk-based approach.
- Guidance on anti-money laundering (AML) and counter-terrorism financing (CFT) risks, beneficial ownership, customer due diligence (CDD), the implementation of effective controls, and the Financial Intelligence Centre and the FSCA’s risk-based supervision methodology and sanctions.
- Provision and customisation of FICA documentation, such as the Risk Management and Compliance Programme (RMCP) and verification documents.
- Assistance with registration on the FIC goAML platform, and ongoing support.
- A gap analysis to determine whether existing processes and documentation must be amended.
- Assistance in preparing for a FIC inspection.
- Quarterly meetings to assist with implementation, regulatory guidance, compliance monitoring and updates.
- Self-assessments for accountable institutions and their employees to test for compliance with and understanding of the requirements.
- Newsletters that clarify key legislative areas and provide industry updates.
- Customised training and workshops, either face-to-face or via videoconferencing. Moonstone Business School of Excellence offers an online FICA Awareness Course that individuals can complete at their own pace.
Our FICA services can be customised to your needs, from providing documentation to implementing a full framework.
