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Course Outline
Introduction
Overview of FATF
- History and objectives of FATF
- Structure and membership
- Role in global AML/CFT standards
Understanding FATF Recommendations
- Detailed review of the 40 FATF Recommendations
- Key concepts: Risk-Based Approach, Technical Compliance, and Effectiveness
Introduction to Mutual Evaluations
- Purpose and importance of mutual evaluations
- Key stages in the mutual evaluation process
Preparing for a Mutual Evaluation
- Pre-evaluation activities and national coordination
- Role of the national assessment team
- Collecting and organizing relevant data and documentation
Assessing Technical Compliance
- Detailed explanation of technical compliance criteria
- Gathering evidence for compliance assessment
Effectiveness Assessment
- Understanding effectiveness ratings
- Evaluating outcomes: immediate outcomes and core issues
Planning and Conducting On-Site Visits
- Developing an on-site visit plan
- Techniques for effective interviews and data collection
- Role-playing exercises and mock interviews
Stakeholder Engagement
- Engaging with government agencies, financial institutions, and other stakeholders
- Ensuring cooperation and transparency
- Addressing challenges and conflicts
Drafting the Mutual Evaluation Report
- Structure and components of the report
- Writing clear and concise findings
Review and Feedback Process
- FATF Plenary and the review process
- Addressing feedback and making revisions
- Ensuring the quality and accuracy of the final report
Follow-Up and Monitoring
- Understanding the follow-up process
- Preparing for follow-up assessments and progress reports
- Implementing recommendations and making improvements
Continuous Improvement and Best Practices
- Learning from past evaluations
- Sharing best practices and experiences
- Developing action plans for ongoing compliance and effectiveness
Advanced Analytical Techniques
- Data analysis and interpretation for mutual evaluations
- Using technology and tools for data management and reporting
Summary and Next Steps
Requirements
- Basic knowledge of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) principles and practices
Audience
- Compliance officers
- Policymakers
- Assessors
- Legal professionals
21 Hours
