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Course Outline
Introduction
Overview of FATF
- Introduction to FATF: history and purpose
- FATF membership and governance
- Key objectives and functions of FATF
Understanding Money Laundering and Terrorist Financing
- Definitions and concepts
- Typologies and techniques
- Case studies and real-world examples
The 40 FATF Recommendations
- Introduction to the 40 recommendations
- Structure and organization of the recommendations
- Importance and impact on global financial systems
Legal Systems and Operational Issues
- Recommendations 1-4: risk-based approach, national cooperation, and international cooperation
- Recommendations 5-8: criminalization, preventive measures, and non-profit organizations
- Recommendations 9-12: financial institutions and non-financial businesses and professions
Preventive Measures
- Recommendations 13-16: customer due diligence, record keeping, and reporting
- Recommendations 17-21: reliance, internal controls, and foreign branches and subsidiaries
- Recommendations 22-23: designated non-financial businesses and professions (DNFBPs)
Transparency and Beneficial Ownership
- Recommendations 24-25: transparency and beneficial ownership of legal persons and arrangements
Powers and Responsibilities of Competent Authorities
- Recommendations 26-29: regulation and supervision
- Recommendations 30-32: law enforcement and investigations
International Standards and Cooperation
- Recommendations 33-35: mutual legal assistance and extradition
- Recommendations 36-40: international instruments, cooperation, and other measures
Implementation and Compliance
- National risk assessment and compliance
- FATF evaluation and monitoring processes
- Case studies of implementation and challenges
Practical Workshop
- Developing compliance programs
- Conducting risk assessments
Summary and Next Steps
Requirements
- Basic understanding of how financial systems and institutions operate
- Familiarity with basic legal and regulatory concepts related to finance, compliance, and anti-money laundering (AML)
Audience
- Compliance officers
- Legal professionals
14 Hours
Testimonials (3)
Personal service and orientated to my needs
ANN - New Vitality Clinic
Course - GnuCash for Business Accounting
The lecturer is very knowledgeable and can substantiate theories with his own personal experiences.
Harry Estipona
Course - Financial Markets
I was benefit from the interesting and clear ideas and suggestions.