English

Implementing the International AML-CFT Standards (AMLS)

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Apply online by August 10, 2018
Course No.: CE 18.20
Location: Kuwait City, Kuwait
Date: September 23, 2018-September 27, 2018 (1 Week)
Language: English (Arabic)

Target Audience:

Legal drafters, policy makers, financial sector supervisors, and regulators of designated nonfinancial businesses and professions; financial intelligence unit officials; criminal justice officials; and other officials who must assess national money laundering and terrorist financing risks to prepare for their countries' mutual evaluations and application of anti-money laundering (AML) and combating the financing of terrorism (CFT) laws.

Qualifications:

Participants are expected to have at least two years of experience with AML/CFT issues. Attendance is by invitation only. Prerequisites are specified in the invitation letters.

Course Description:

This course, presented by the IMF Legal Department, is designed to build the capacities of officials tasked with implementing the revised international standards on AML and CFT. The course will increase participants’ understanding of the requirements of the revised international AML/CFT standard, the 40 Recommendations of the Financial Action Task Force (FATF), and the new Methodology for Assessing Compliance with the FATF 40 Recommendations and the Effectiveness of AML/CFT Systems. Incorporated into the course are both practical exercises and in-depth discussions of how to implement selected aspects of the FATF 40 Recommendations.

Course Objectives:

Upon completion of this course, participants should be able to:

  • Outline, summarize, and analyze implementation of the FATF 40 Recommendations.
  • Draw up a medium-term action plan to reinforce their national AML/CFT framework.

Important Note for Online Courses:

For Online Learning (OL) courses, which are delivered through the edX platform, you will need an additional piece of information to register: you will be prompted for your edX.org username. If you do not already have a username, please go to https://courses.edx.org/register and sign up for a free account. Once you have created an account, you may complete the IMF Institute application. If you already have an edX account, your username can be found on the top right of the screen after logging in.

Important Note for Internal Economics Training Courses:

Internal Economics Training (IT) courses are self-financed. The IMF will not charge officials for attending courses. However, all travel, insurance, hotel, and living costs will need to be covered by the agency sponsoring the participants.