Are you an Accountable Institution under FICA?

In this episode, we dive into the role of accountable institutions under the Financial Intelligence Center Act (FICA) and their critical part in combating money laundering and terrorist financing. We'll discuss the obligations these institutions face, especially after the 2022 amendments to the FICA Act, which expanded the list of accountable entities. Learn about the responsibilities of various businesses, from legal practitioners and estate agents to crypto providers and high-value goods dealers. We'll guide you on determining if your business qualifies as an accountable institution and how to comply with stringent anti-money laundering regulations. Join us for expert insights on risk management and FICA compliance.