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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 financial systems and institutions.
- Familiarity with fundamental legal and regulatory concepts related to finance, compliance, and anti-money laundering (AML).
Audience
- Compliance officers.
- Legal professionals.
14 Hours
Testimonials (3)
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
Experience and provide necessary information to the topics