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Course Outline

Introduction

Overview of FATF

  • Historical context and core objectives of FATF
  • Organizational structure and membership composition
  • Influence on global AML/CFT standards

Understanding FATF Recommendations

  • In-depth review of the 40 FATF Recommendations
  • Core concepts: Risk-Based Approach, Technical Compliance, and Effectiveness

Introduction to Mutual Evaluations

  • The purpose and strategic importance of mutual evaluations
  • Key phases within the mutual evaluation process

Preparing for a Mutual Evaluation

  • Pre-evaluation activities and coordinating national efforts
  • The role and responsibilities of the national assessment team
  • Systematic collection and organization of relevant data and documentation

Assessing Technical Compliance

  • Interpreting detailed technical compliance criteria
  • Methodologies for gathering evidence to support compliance assessments

Effectiveness Assessment

  • Analyzing effectiveness ratings and their implications
  • Evaluating outcomes: Immediate Outcomes and Core Issues

Planning and Conducting On-Site Visits

  • Designing a strategic on-site visit plan
  • Best practices for effective interviewing and data collection
  • Conducting role-playing exercises and mock interviews

Stakeholder Engagement

  • Collaborating with government agencies, financial institutions, and other key stakeholders
  • Promoting cooperation and ensuring transparency
  • Navigating challenges and resolving conflicts

Drafting the Mutual Evaluation Report

  • Structuring the report and defining its key components
  • Articulating clear, concise, and evidence-based findings

Review and Feedback Process

  • The role of the FATF Plenary and the formal review procedure
  • Incorporating feedback and refining draft materials
  • Verifying the quality and accuracy of the final report

Follow-Up and Monitoring

  • Navigating the follow-up process
  • Preparing for follow-up assessments and submitting progress reports
  • Implementing recommendations to drive continuous improvement

Continuous Improvement and Best Practices

  • Deriving lessons from historical evaluations
  • Sharing best practices and industry experiences
  • Formulating action plans for sustained compliance and effectiveness

Advanced Analytical Techniques

  • Applying data analysis and interpretation skills to mutual evaluations
  • Leveraging technology and digital tools for data management and reporting

Summary and Next Steps

Requirements

  • Familiarity with fundamental Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) principles and operational practices

Target Audience

  • Compliance officers
  • Policymakers
  • Assessors
  • Legal professionals
 21 Hours

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