Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) Risk-based Supervision of Financial Institutions (AMLCFTX)

Source details

Canonical URL: Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) Risk-based Supervision of Financial Institutions (AMLCFTX)

Training program presented by the Institute for Capacity Development and the Financial Integrity Group of the Legal Department.
Participants are expected to have at least "three to five years" of experience in AML/CFT supervision and/or have good knowledge of AML/CFT concepts.

Supervisory, government and international organization officials who want to gain a deeper understanding on how to develop and implement an effective risk-based approach to AML/CFT supervision of financial institutions.

The course will teach foundational principles, methodologies, and tools necessary to implement an effective risk-based supervisory framework.
Coverage includes international standards for risk-based supervision and the necessary legal and regulatory framework critical for AML/CFT risk-based supervision of financial institutions.
Practical application of the essential elements of a risk-based approach to AML/CFT supervision is emphasized.
Tools offered will enable development of appropriate supervisory strategies and use of a sound and effective risk-based approach to AML/CFT supervision of financial institutions, including for offsite and onsite AML/CFT supervision.

Understand the legal and regulatory framework necessary for AML/CFT risk-based supervision.
Apply effective methodologies of risk-based AML/CFT supervision of financial institutions in both offsite and onsite settings.
Develop and implement supervisory strategies aligned with international standards to assess the effectiveness of financial institutions' AML/CFT controls so that ML/TF/PF risks are adequately controlled and mitigated.
Use sound and effective risk-based supervisory tools.