Do you know if your clients hold a prominent or politically exposed position, and why it matters for your firm?
The Financial Intelligence Centre Act (FICA) requires Accountable Institutions to determine if a client holds a prominent or politically exposed position. Screening for political exposure isn’t just another regulatory checkbox—it’s a critical step in safeguarding your firm from potential exposure to financial crime.
Join nCino KYC for our free FICA webinar on the 14th of May at 10:00, where the compliance experts will walk you through the crucial steps of identifying different types of PEPs and implementing effective FICA compliance processes.
The session will cover why screening for political exposure is required, breaking down who qualifies as a PEP and PIP under the FIC Act. Learn about the distinct categories—DPEPs, FPEPs, and PIPs—and the specific due diligence required, helping you navigate the risks and compliance requirements with ease.
Topics to be discussed:
- Grasp the importance of screening for political exposure
- Learn to differentiate between DPEPs, FPEPs, and PIPs according to the FIC Act
- Explore real-world cases of political exposure abuse
- Discover best practices for CDD and Enhanced Due Diligence (EDD)
- How nCino KYC Africa can enhance your business’s defense against financial crime
