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Free RMCP Generator
Generate a comprehensive Risk Management and Compliance Programme (RMCP) tailored for your business. Required under FICA Section 42 for all accountable institutions.
What is an RMCP?
A Risk Management and Compliance Programme (RMCP) is a documented framework required under FICA Section 42 that outlines how an accountable institution will identify, assess, and manage money laundering and terrorist financing risks.
Legal Requirement
Under FICA Section 42, all accountable institutions must develop, document, and maintain an RMCP. Failure to have an adequate RMCP can result in administrative sanctions up to R10 million for individuals and R50 million for legal persons.
Why You Need an RMCP
Legal Compliance
Meet your obligations under FICA Section 42
Risk Management
Systematically identify and mitigate ML/TF risks
Staff Guidance
Provide clear procedures for your team
Audit Ready
Demonstrate compliance to regulators
What's Included in Generated RMCP
RMCP Requirements Under FICA
Section 42 of FICA specifies that an RMCP must enable the accountable institution to:
Identify and Assess Risks
Identify, assess, and understand your ML/TF risks based on clients, products, delivery channels, and geographic areas.
Develop Controls
Develop policies, procedures, and controls to effectively manage and mitigate identified risks.
Monitor Effectiveness
Monitor the implementation and effectiveness of your controls on an ongoing basis.
Ensure Compliance
Ensure compliance with all FICA obligations including CDD, reporting, and record keeping.
Train Staff
Provide ongoing training to employees on their FICA obligations and your compliance procedures.
Independent Review
Subject the RMCP to regular independent review and testing.
Who Needs an RMCP?
All accountable institutions listed in Schedule 1 of FICA must have an RMCP, including:
How the RMCP Generator Works
Create Free Account
Sign up for a free VerifyNow account to access the generator.
Answer Questions
Provide information about your business type, size, products, and client base.
Generate RMCP
Our system generates a customized RMCP based on your inputs and FICA requirements.
Download PDF
Download your RMCP in PDF format, ready for review and implementation.
Frequently Asked Questions
What is an RMCP?
An RMCP (Risk Management and Compliance Programme) is a documented framework required under FICA Section 42 that outlines how an accountable institution will identify, assess, and manage money laundering and terrorist financing risks.
Who needs an RMCP?
All accountable institutions listed in Schedule 1 of FICA must have an RMCP. This includes banks, insurance companies, estate agents, attorneys, motor dealers, crypto asset service providers, and other financial service providers.
Is the RMCP Generator free?
Yes, you can generate an RMCP for free. You will need to create a free account to download the generated document, which allows us to customize the RMCP to your specific business type and requirements.
Can I customize the generated RMCP?
Yes, the generated RMCP is provided as a starting point. You should review and customize it to reflect your specific business operations, risks, and procedures.
Related Resources
Generate Your RMCP Now
Create a comprehensive, FICA-compliant Risk Management and Compliance Programme in minutes. Free to generate.