The Financial Intelligence Centre Act (FICA) is one of South Africa’s most important laws in the fight against financial crime. It was created to protect our country’s financial system from being misused for money laundering, terrorist financing, and other unlawful activities.
At WeBuyCars, compliance with FICA is not just a legal requirement – it is part of our responsibility to protect our business, our clients, and the broader community. Every transaction, no matter how ordinary it may seem, carries the potential risk of being exploited by criminals. That is why FICA awareness is essential for all employees.
This training module will guide you through:
- The purpose of FICA and why it exists.
- Your role and responsibilities as an employee in ensuring compliance.
- Key compliance processes such as Customer Due Diligence (CDD) and Know Your Customer (KYC) checks.
- How to identify and report suspicious activities, including large cash payments or unusual client behaviour.
- The consequences of non-compliance, both for you as an individual and for the company.
By the end of this module, you will understand not only the legal requirements of FICA but also the practical steps you must take each day to ensure WeBuyCars remains a safe, compliant, and trusted business.
Remember: Compliance is everyone’s responsibility. Your awareness and actions are critical in helping us prevent financial crimes.