Course Outline
Introduction
FATF Overview
- Historical context and core objectives of the FATF
- Organizational structure and membership details
- Impact on global AML/CFT standards
Navigating FATF Recommendations
- In-depth analysis of the 40 FATF Recommendations
- Core concepts: Risk-Based Approach, Technical Compliance, and Effectiveness
Foundations of Mutual Evaluations
- Significance and primary aims of mutual evaluations
- Key phases within the evaluation lifecycle
Preparation for Mutual Evaluations
- Pre-evaluation activities and national coordination strategies
- The function of the national assessment team
- Systematic collection and organization of data and documentation
Evaluating Technical Compliance
- Detailed examination of technical compliance benchmarks
- Strategies for gathering robust evidence for compliance reviews
Measuring Effectiveness
- Interpreting effectiveness ratings
- Assessing outcomes: Immediate results and core issues
On-Site Visit Planning and Execution
- Formulating a strategic on-site visit itinerary
- Methods for effective interviews and data acquisition
- Simulation exercises and mock interviews
Stakeholder Engagement
- Collaborating with government bodies, financial entities, and other key stakeholders
- Facilitating cooperation and maintaining transparency
- Managing challenges and resolving conflicts
Compiling the Mutual Evaluation Report
- Report architecture and essential components
- Articulating findings with clarity and precision
Review and Feedback Mechanisms
- The FATF Plenary and its review procedures
- Incorporating feedback and implementing necessary revisions
- Safeguarding the integrity and accuracy of the final report
Follow-Up and Continuous Monitoring
- Navigating the follow-up process
- Preparation for subsequent assessments and progress reporting
- Executing recommendations and driving continuous improvement
Continuous Improvement and Best Practices
- Deriving insights from previous evaluations
- Disseminating best practices and shared experiences
- Formulating action plans for sustained compliance and effectiveness
Advanced Analytical Techniques
- Data analysis and interpretation specific to mutual evaluations
- Leveraging technology and tools for data management and reporting
Conclusion and Future Directions
Requirements
- Familiarity with foundational Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) principles and practices.
Target Audience
- Compliance Officers
- Policymakers
- Assessors
- Legal Professionals
Testimonials (4)
How to manage business financials
surprise mtileni - Hatima Holdings (Pty) ltd
Course - Learning Xero
Good communication, open for discussion, kept it interesting and engaging
Ahmet Keyman - Keytrade AG
Course - Management Accounting and Finance for Non-Finance Professionals
Experience of the trainer and his way of conveying the content
Roggli Marc - Bechtle Schweiz AG
Course - FinOps
The trainer did not leave a single minute unexploited! He was up a storm throughout every lesson and provided much material for whatever he dealt with.