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
 21 Hours

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