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 Duration 21 hours

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

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