English

Addressing Pressures on Correspondent Banking Relationships (CBR)

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Invitation
Course No.: ST 19.31
Location: Singapore, Singapore
Date: June 10, 2019-June 14, 2019 (1 Week)
Language: English

Target Audience:

Policy makers, financial sector supervisors/regulators of financial institutions, and other officials responsible for implementation and assessment of anti-money laundering and combating the financing of terrorism (AML/CFT) and risk management programs within Pacific Island States.

Qualifications:

Participants are expected to have at least three to five years of experience in the implementation of AML/CFT and risk management programs. Attendance is by invitation only. Prerequisites are specified in the nomination request letters.

Course Description:

This course, presented by the IMF Legal Department, is designed to explore the recent global and regional trends, consequences, and drivers impacting CBRs. It will discuss the perspective from global financial institutions and international financial institutions.  The course will also present potential remedial responses/actions necessary to mitigate the existing pressures and withdrawals of CBRs, with a focus on solutions tailored to Pacific Island States. 

Course Objectives:

Upon completion of this course, participants will have a deeper understanding of risk mitigating policies, supervisory actions, and risk management systems to relieve the existing pressures on maintaining or establishing correspondent banking relationships.

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.