Financial Action Task Force (FATF) Mutual Evaluation Training Course
The Financial Action Task Force (FATF) Mutual Evaluation is a comprehensive review process used to assess a country's implementation and effectiveness of measures to combat money laundering, terrorist financing, and proliferation financing.
This instructor-led, live training (online or onsite) is aimed at intermediate-level legal professionals who wish to gain a deep understanding of the mutual evaluation process, from preparation to follow-up, with practical applications and real-world case studies.
By the end of this training, participants will be able to:
- Gain an in-depth understanding of the FATF Recommendations, including technical compliance and effectiveness criteria.
- Learn how to effectively prepare for a mutual evaluation, including organizing national efforts, gathering documentation, and engaging stakeholders.
- Develop skills to conduct thorough and accurate on-site evaluations, including interview techniques, data collection, and stakeholder engagement.
- Utilize advanced analytical techniques and tools to support the mutual evaluation process.
Format of the Course also allows for the evaluation of participants.
- Interactive lecture and discussion.
- Lots of exercises and practice.
- Hands-on implementation in a live-lab environment.
Course Customization Options
- To request a customized training for this course, please contact us to arrange.
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
Open Training Courses require 5+ participants.
Financial Action Task Force (FATF) Mutual Evaluation Training Course - Booking
Financial Action Task Force (FATF) Mutual Evaluation Training Course - Enquiry
Testimonials (4)
Experience of the trainer and his way of conveying the content
Roggli Marc - Bechtle Schweiz AG
Course - FinOps
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.
Harry Estipona
Course - Financial Markets
I was benefit from the interesting and clear ideas and suggestions.
Vincent van Walt
Course - A Practical Guide to Successful Pricing Strategies
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