Course Outline
Introduction
FATF Overview
- Historical context and strategic objectives of the FATF
- Organizational structure and membership criteria
- Impact on global AML/CFT standards
Interpreting FATF Recommendations
- In-depth analysis of the 40 FATF Recommendations
- Core concepts: Risk-Based Approach, Technical Compliance, and Effectiveness
Foundations of Mutual Evaluations
- The role and significance of mutual evaluations in the regulatory landscape
- Key phases within the mutual evaluation cycle
Preparation Strategies
- Pre-evaluation activities and national coordination mechanisms
- Defining the role of the national assessment team
- Systematic collection and organization of relevant data and documentation
Evaluating Technical Compliance
- Detailed breakdown of technical compliance criteria
- Methodologies for gathering robust evidence for compliance assessments
Assessing Effectiveness
- Understanding the framework of effectiveness ratings
- Evaluating outcomes: immediate results and core issues
On-Site Visit Management
- Formulating a strategic on-site visit plan
- Techniques for conducting effective interviews and collecting reliable data
- Engaging in role-playing exercises and mock interviews
Stakeholder Collaboration
- Facilitating engagement with government agencies, financial institutions, and other key parties
- Promoting cooperation and transparency throughout the process
- Navigating and resolving potential challenges or conflicts
Report Drafting
- Structuring and composing the components of the mutual evaluation report
- Articulating clear and concise findings
Review and Feedback
- The FATF Plenary session and the subsequent review procedure
- Incorporating feedback and refining the document
- Ensuring the final report meets high standards of quality and accuracy
Follow-Up and Monitoring
- Understanding the dynamics of the follow-up process
- Preparing for follow-up assessments and progress reporting
- Implementing recommendations and driving continuous improvement
Continuous Improvement and Best Practices
- Deriving lessons from previous evaluations
- Disseminating best practices and shared experiences
- Formulating action plans for sustained compliance and effectiveness
Advanced Analytical Techniques
- Applying data analysis and interpretation to mutual evaluations
- Leveraging technology and tools for efficient data management and reporting
Summary and Next Steps
Requirements
- Familiarity with fundamental 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.
