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
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.