Overview

As a tax practitioner, your responsibilities extended far beyond tax compliance—you could also have fallen within the definition of an Accountable Institution under the Financial Intelligence Centre Act (FICA). This insightful and practical webinar was designed to equip you with the knowledge and tools to navigate the evolving regulatory landscape shaped by South Africa’s greylisting by the FATF and the Financial Intelligence Centre’s increasing focus on professional service providers.

The session explored your duties in terms of anti-money laundering (AML) and counter-terrorist financing (CTF) compliance. This included identifying and reporting suspicious transactions, conducting effective client due diligence (CDD), and maintaining the necessary internal controls and record-keeping processes. You also gained clarity on your role as a compliance officer and received practical guidance on preparing for regulatory inspections—ensuring your practice stayed aligned with FIC requirements while remaining focused on your core tax services.

Webinar Content

• Was your tax practice an Accountable Institution? The webinar covered understanding registration and scope under FICA.
• Key compliance obligations: It explored Risk and Compliance Programmes, client due diligence, and record-keeping.
• Reporting obligations: The session addressed identifying and reporting suspicious and unusual transactions to the FIC.
• The role of the tax practitioner as a compliance officer under FIC was discussed.
• Practical guidance was provided on preparing for regulatory inspections and staying ahead of compliance trends.

Competencies Developed

• Determine whether their tax practice qualified as an Accountable Institution under FICA.
• Apply client due diligence (CDD), risk profiling, and AML reporting standards in practice.
• Identify suspicious and unusual transactions within a tax advisory context.
• Develop governance structures and reporting lines for effective AML compliance.
• Engage confidently with FIC audits, inspections, and regulatory expectations.

Presenter

Caryn Maitland

Caryn is a qualified CA (SA and RA), who has lectured extensively at the University of KwaZulu-Natal (and other institutes) where she lectured Advanced Financial Accounting. Since then, Caryn has specialised in facilitating ethics conversations, keeping assurance practitioners up to date and unpacking legislation for the financial sector.

She has conducted independent workshops and seminars for professional accountants since 2006 on various topics and has consulted on several technical issues. Since January 2011, she has focused on her own business as technical freelance consultant and trainer to those working within the accounting profession. Caryn is a technical advisor to various SAICA Eastern Region Districts as well as serving on various SAICA committees, such as the SAICA Eastern Region Council.

Since 2018, Caryn has worked extensively with commerce and industry, assisting analysts, directors, and other users of financials to interpret, prepare, analyse and forecast based on the results of financial statements.

CPD

Attending this webinar and the successful completion of the online assessment will secure a certificate of completion for 2 hours of CPD.

Event Investment

Free for Tax Technician, Tax Practitioner, Tax Accountant CPD subscribers and Practice Packages. Not a CPD subscriber yet? Click here to register now.

• Regular price:  R460.00
• Special rate for SAIT members:  R368.00
• Group booking discounts available when you register for a group.

Payments and cancellations

• All payments must be made by EFT or by credit card, at least three working days before commencement of an event.
• Kindly note that should payment not be received two days after the event, legal action will be taken.
• Proof of payment will be requested at registration if payment does not reflect in The Tax Faculty’s bank account.
• Only written notice of cancellation will be recognized.
• Conditions:
  • If the cancellation occurs more than four working days prior to the event no cancellation fee will be charged.
  • If the cancellation occurs less than four working days prior to the event, a 100% cancellation fee will apply.
• Delegates who book and fail to attend will be liable for the full event fee.
• The Tax Faculty’s liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.
• Please click here for the full terms and conditions.