FIC Act 38 of 2001General Laws (AML/CTF) Amendment Bill B15-2026FATF RecommendationsNational Treasury & ParliamentPOPIA
FIC Act 38 of 2001General Laws (AML/CTF) Amendment Bill B15-2026FATF RecommendationsNational Treasury & ParliamentPOPIA
All terms Glossary

RMCP (Risk Management and Compliance Programme)

The internal policy document every accountable institution must maintain, describing how it identifies, assesses, and manages money-laundering and terror-financing risk.

Every accountable institution must have one: a written internal policy setting out how the business identifies, assesses, and manages its own money-laundering and terror-financing risk, and how it applies FICA’s requirements in practice.

An RMCP isn’t generic; it’s meant to reflect the specific risks of your business: client types, transaction sizes, geography. It’s also the first document an FIC inspector asks for, since everything else (CDD thresholds, document validity periods, escalation rules) should trace back to it.

See it in practice, not just in theory.

Read how Lucere handles this on features, check the FAQ for common questions, or get started.

Related terms

FIC (Financial Intelligence Centre)The South African body that receives suspicious transaction reports and supervises accountable institutions’ compliance with FICA.
CDD (Client Due Diligence)The process of identifying and verifying a client’s identity, understanding the nature of their relationship with you, and assessing risk before doing business with them.
Accountable InstitutionA business FICA designates as needing to conduct client due diligence and report suspicious activity. Includes estate agencies, attorneys, banks, and others listed in FICA’s schedules.

Browse the rest of the glossary

AML (Anti-Money Laundering) Beneficial Owner (BO) CIPC FFC (Fidelity Fund Certificate) FICA (Financial Intelligence Centre Act) KYC (Know Your Customer) PEP (Politically Exposed Person) PPRA Sanctions Screening Source of Funds STR (Suspicious Transaction Report)