TARGET GROUP | Legal drafters, policy makers, financial sector supervisors, and regulators of designated non-financial businesses and professions; financial intelligence unit (FIU) officials; criminal justice officials; and other government officials involved in undertaking national money laundering and terrorist financing risk assessments, preparing for their countries’ mutual evaluations and the implementation of anti-money laundering (AML) and combating the financing of terrorism (CFT) laws in their respective countries. Participants are expected to have a minimum of two-years' experience in AML/CFT issues.
DESCRIPTION | This one-week course, presented by the IMF’s Legal Department, aims at enhancing and strengthening the capacities of various groups of officials engaged in implementing the revised international standards on AML and CFT. The course is targeted at government officials involved in the various aspects of the AML/CFT framework of their country and will increase the understanding of the requirements of the recently revised international AML/CFT standard, the Financial Action Task Force’s (FATF) 40 Recommendations, as well as the recently issued “Methodology for Assessing Compliance with the FATF 40 Recommendations and the Effectiveness of AML/CFT Systems.” The course will involve in-depth discussions on the implementation of selected aspects of the FATF 40 Recommendations and practical exercises.
Upon completion of this course, participants should be able to:
• Outline, summarize, and analyze the implementation of the FATF 40 Recommendations
• Develop a medium-term action plan to strengthen their national AML/CFT framework