Course Outline
Introduction
FATF Overview
- Introduction to the FATF: historical background and mission
- Membership structure and governance mechanisms
- Primary objectives and operational functions
Money Laundering and Terrorist Financing Concepts
- Core definitions and theoretical concepts
- Common typologies and operational techniques
- Illustrative case studies and real-world scenarios
The 40 FATF Recommendations
- Overview of the 40 recommendations
- Organizational structure and categorization
- Significance and impact on global financial integrity
Legal Frameworks and Operational Considerations
- Recommendations 1-4: risk-based strategies, domestic coordination, and cross-border cooperation
- Recommendations 5-8: criminalization statutes, preventive actions, and NGO regulations
- Recommendations 9-12: obligations for financial institutions and non-financial sectors
Preventive Controls
- Recommendations 13-16: client due diligence, documentation standards, and reporting duties
- Recommendations 17-21: reliance on third parties, internal governance, and foreign entity oversight
- Recommendations 22-23: designated non-financial businesses and professions (DNFBPs)
Transparency and Beneficial Ownership
- Recommendations 24-25: ensuring transparency and identifying beneficial owners of legal entities and arrangements
Authorities and Regulatory Responsibilities
- Recommendations 26-29: regulatory frameworks and supervisory powers
- Recommendations 30-32: law enforcement capabilities and investigative procedures
International Norms and Collaboration
- Recommendations 33-35: mutual legal assistance mechanisms and extradition procedures
- Recommendations 36-40: international legal instruments, cooperative measures, and additional protocols
Implementation and Adherence
- Conducting national risk assessments and ensuring regulatory compliance
- FATF evaluation cycles and monitoring methodologies
- Analyzing case studies on implementation challenges
Practical Workshop
- Building comprehensive compliance programs
- Executing detailed risk assessments
Summary and Future Actions
Requirements
- A foundational grasp of financial system operations and institutional functions
- Awareness of basic legal, regulatory, and anti-money laundering (AML) compliance concepts
Target Audience
- Compliance Officers
- Legal Practitioners
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.
