Course Outline
Introduction
Overview of FATF
- History and objectives of the Financial Action Task Force (FATF)
- Structure and membership, highlighting its role in international policy-making for government
- Role in establishing global anti-money laundering (AML) and countering the financing of terrorism (CFT) standards
Understanding FATF Recommendations
- Detailed review of the 40 FATF Recommendations, focusing on their application for government agencies
- Key concepts: Risk-Based Approach, Technical Compliance, and Effectiveness in the context of public sector workflows
Introduction to Mutual Evaluations
- Purpose and importance of mutual evaluations in ensuring compliance with international standards for government entities
- Key stages in the mutual evaluation process, including preparation, assessment, and reporting
Preparing for a Mutual Evaluation
- Pre-evaluation activities and national coordination, emphasizing the role of interagency collaboration for government
- Role of the national assessment team in coordinating efforts across various departments and agencies
- Collecting and organizing relevant data and documentation to support the evaluation process
Assessing Technical Compliance
- Detailed explanation of technical compliance criteria, tailored for government operations
- Gathering evidence for compliance assessment, including documentation and audit trails
Effectiveness Assessment
- Understanding effectiveness ratings and their implications for government agencies
- Evaluating outcomes: immediate outcomes and core issues, ensuring alignment with public sector goals
Planning and Conducting On-Site Visits
- Developing an on-site visit plan that aligns with the needs of government entities
- Techniques for effective interviews and data collection, tailored to government settings
- Role-playing exercises and mock interviews to prepare for real-world scenarios in government assessments
Stakeholder Engagement
- Engaging with government agencies, financial institutions, and other stakeholders to ensure comprehensive evaluations
- Ensuring cooperation and transparency throughout the evaluation process for government entities
- Addressing challenges and conflicts that may arise during stakeholder interactions
Drafting the Mutual Evaluation Report
- Structure and components of the report, ensuring it meets the standards required for government documentation
- Writing clear and concise findings that are accessible to policymakers and other stakeholders for government
Review and Feedback Process
- FATF Plenary and the review process, highlighting its significance for government entities
- Addressing feedback and making revisions to improve the final report for government use
- Ensuring the quality and accuracy of the final report through rigorous review processes for government
Follow-Up and Monitoring
- Understanding the follow-up process, including the responsibilities of government agencies
- Preparing for follow-up assessments and progress reports to demonstrate ongoing compliance for government
- Implementing recommendations and making improvements based on mutual evaluation findings for government entities
Continuous Improvement and Best Practices
- Learning from past evaluations to enhance future performance for government agencies
- Sharing best practices and experiences across different jurisdictions to promote collaboration for government
- Developing action plans for ongoing compliance and effectiveness in government operations
Advanced Analytical Techniques
- Data analysis and interpretation for mutual evaluations, leveraging advanced tools for government use
- Using technology and tools for data management and reporting to support government agencies
Summary and Next Steps
Requirements
- Foundational understanding of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) principles and practices for government
Audience
- Compliance Officers
- Policymakers
- Assessors
- Legal Professionals
Testimonials (5)
Experience of the trainer and his way of conveying the content
Roggli Marc - Bechtle Schweiz AG
Course - FinOps
i like that it was easy to understand - not too technical
Kirthanya Pillay - Woolworths Financial Services
Course - FinOps Certified Practitioner (FOCP) Preparation
he was informative, shared a lot of material to reference
Siphokazi Mnyebeleza
Course - FinOps For Engineers
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.