This module introduces the purpose of the FIC Act, why compliance is important, and the role legal practitioners play in protecting the financial system from financial crime. Legal practitioners are often exposed to high-risk transactions and may unknowingly become involved in money laundering or terrorist financing activities if proper controls are not followed.

This module explains how criminals attempt to disguise illegal funds and how legal services may be abused during the process. Understanding how financial crime works helps employees identify suspicious activity before the firm is exposed to unnecessary risk.

This module explains registration requirements, governance responsibilities, and the role of the Compliance Officer within the firm. Compliance is the responsibility of both management and employees.

This module explains how firms assess client risk and apply customer due diligence using a risk-based approach. Not all clients present the same level of risk. Higher-risk clients require stronger controls and additional monitoring.

This module explains how firms identify clients, verify information, and determine who ultimately owns or controls a client or legal entity. Understanding beneficial ownership is important in identifying hidden financial crime risks.

This module explains how firms should monitor transactions, identify suspicious activity, and comply with reporting obligations under the FIC Act. Employees play an important role in identifying unusual or suspicious behavior.

This module explains recordkeeping requirements and the responsibilities employees have in maintaining compliance within the firm.