Course Outline
Introduction
Overview of FATF
- Introduction to FATF: history and purpose for government operations
- FATF membership and governance structures for government agencies
- Key objectives and functions of FATF in the context of public sector accountability
Understanding Money Laundering and Terrorist Financing
- Definitions and fundamental concepts for government professionals
- Typologies and techniques used in money laundering and terrorist financing
- Case studies and real-world examples relevant to government agencies
The 40 FATF Recommendations
- Introduction to the 40 recommendations for government compliance
- Structure and organization of the recommendations for effective implementation
- Importance and impact on global financial systems for government oversight
Legal Systems and Operational Issues
- Recommendations 1-4: risk-based approach, national cooperation, and international cooperation in a governmental context
- Recommendations 5-8: criminalization of offenses, preventive measures, and regulation of non-profit organizations for government enforcement
- Recommendations 9-12: regulatory frameworks for financial institutions and non-financial businesses and professions for government oversight
Preventive Measures
- Recommendations 13-16: customer due diligence, record keeping, and reporting requirements for government entities
- Recommendations 17-21: reliance on third parties, internal controls, and management of foreign branches and subsidiaries for government agencies
- Recommendations 22-23: measures for designated non-financial businesses and professions (DNFBPs) in a governmental setting
Transparency and Beneficial Ownership
- Recommendations 24-25: transparency and beneficial ownership of legal persons and arrangements for government compliance
Powers and Responsibilities of Competent Authorities
- Recommendations 26-29: regulation and supervision by competent authorities in the public sector
- Recommendations 30-32: law enforcement and investigative powers for government agencies
International Standards and Cooperation
- Recommendations 33-35: mutual legal assistance and extradition processes for international cooperation among governments
- Recommendations 36-40: implementation of international instruments, cooperation frameworks, and other measures by government entities
Implementation and Compliance
- National risk assessment and compliance strategies for government agencies
- FATF evaluation and monitoring processes for government oversight
- Case studies of implementation and challenges faced by governments
Practical Workshop
- Developing comprehensive compliance programs for government entities
- Conducting thorough risk assessments in a governmental context
Summary and Next Steps
Requirements
- Basic understanding of the operation of financial systems and institutions for government
- Familiarity with fundamental legal and regulatory concepts related to finance, compliance, and anti-money laundering (AML)
Audience
- Compliance Officers
- Legal Professionals
Testimonials (5)
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
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
