Training Program

Junior to mid-level members of Financial Intelligence Units (FIUs), AML/CFT supervisory authorities, investigators and prosecutors in charge of investigations into and prosecution of ML/TF activities, and other members of competent authorities that are tasked with national or sectorial risk assessments. Priority will be given to participants that are members of risk assessment committees in their countries or tasked with a risk assessment function in their respective authorities/agencies.

Participants are expected to have worked in the area of AML/CFT for at least three years and have knowledge of the FATF Recommendations.

The Financial Action Task Force's (FATF) standard requires countries to identify, assess, and understand the money laundering, terrorist financing and proliferation financing (ML/TF/PF) risks and apply a risk-based approach (RBA) (i.e., ensure that measures to prevent or mitigate ML/TF/PF are commensurate with the risks identified). Countries continue to experience challenges in developing and maintaining an up to date and proper understanding of these risks. The IMF has developed a rigorous methodology and tools to conduct a risk assessment and provides technical assistance (TA) to help countries undertake this exercise and use its findings to inform their AML/CFT policies and better allocate resources to target highest priority ML/TF risks. In recent years, IMF staff strengthened tools for NRA technical assistance and developed more specialized modules covering specific types of risk assessment (e.g. to assess the ML/TF risks related to legal persons and legal arrangements, NPOs and VAs and VASPs).