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

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