The Risk Management and Compliance Programme (RMCP) is a structured, documented framework that outlines how an Accountable Institution (AI) identifies, assesses, mitigates, and manages the risk of being used for money laundering (ML), terrorist financing (TF), and other financial crimes. It is the cornerstone of an institution’s compliance strategy under the Financial Intelligence Centre Act (FICA) and must be applied in a manner that is risk sensitive and proportionate to the institution's exposure and business model.
- Teacher: Delia Green
Skill Level: Beginner
Points Allocated:
3.5
Approval Number:
FPI24017739
CPD Category: Ethics and Practice Standards