## Enhancing Effectiveness of AML CFT Frameworks - Evolution of the FATF Standards

## Source details

**Canonical URL:** [Enhancing Effectiveness of AML CFT Frameworks - Evolution of the FATF Standards](https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2024/amlsa24-10)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/sa/2024/amlsa24-10/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/sa/2024/amlsa24-10/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/sa/2024/amlsa24-10/bundle-manifest.json)

## Bibliographic details
- Session: SA 24.10
- Location: New Delhi, India
- Dates: January 8-12, 2024 (1 week)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed

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### Target audience
- Legal drafters
- Policy makers
- AML/CFT supervisors for the financial sector (in particular, VASP supervisors)
- Financial intelligence units
- Company registrars
- Tax authorities
- Law enforcement authorities
- Procurement authorities
- Relevant Ministries involved in establishing beneficial ownership transparency frameworks, using beneficial ownership information, or regulating fintech/virtual asset service providers

### Course description — scope and focus
- Presented by the Financial Integrity Group of the Legal Department.
- Focuses on legal and practical considerations in implementing the revised AML/CFT standards on:
  - Beneficial ownership transparency.
  - Virtual assets and virtual asset service providers (VA/VASPs).
- Beneficial ownership coverage:
  - Considerations in setting up and managing beneficial ownership registers.
  - Relevance of beneficial ownership transparency in other policy areas (e.g., tax & procurement).
- VA/VASP coverage:
  - Elements to guide risk assessments of the virtual asset sector and its AML/CFT supervision.
  - Key enforcement considerations related to VA/VASPs.

### Course objectives (learning outcomes)
- Outline, summarize, and analyze the requirements of the revised FATF Recommendations relating to beneficial ownership transparency and VA/VASPs.
- Draw up a medium-term action plan to establish comprehensive beneficial ownership transparency frameworks in a country.
- Identify/understand the policy, legal and regulatory considerations/decisions required in setting up beneficial ownership registers within a country.
- Identify principles in conducting sectoral and supervisory risk assessment of VA/VASPs.
- Analyze key considerations in authorization and risk-based supervision of VASPs.
- Understand key concepts in the investigation and prosecution against ML/TF involving VA/VASPs and confiscation of VA.

### Institutional note
- IMF offers online training to government officials and the public.

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## References

- [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Macroeconomic Management in Resource Rich Countries (MRC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/mrcce26-44)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2024/amlsa24-10_