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

Legal Courses

This course, presented by the Legal Department, is designed to highlight the key and core building blocks of a risk-based regulation and supervision framework of off- and on-site activities for supervisory authorities. It discusses the risk-based approach to AML/CFT regulation and supervision, as applied to financial institutions subject to the Core Principles and takes into account the importance of developing robust and effective risk-based supervisory frameworks in line with the international standards for the banking, securities, and insurance sectors.

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    Target Audience

    This course is intended for officials from ministry of finance or equivalent body, financial intelligence units (FIUs), central banks, supervisory bodies and public-sector audit bodies who can benefit from a deeper understanding on how to develop and implement a risk-based approach to AML/CFT supervision of financial institutions.

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    Qualifications

    Participants are expected to have at least three to five years of experience in the implementation of a risk-based approach for AML/CFT supervision of financial institutions subject to the Core Principles. Access to a computer with a reliable internet connection are essential.

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    Course Objectives

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

    • Understand the necessary legal and regulatory framework critical for AML/CFT risk-based supervision. 
    • Identify higher risk areas based on the risk factors (i.e., customers, products/services, geographical areas, and delivery channels).
    • Develop appropriate risk-based supervisory methodologies, tools, systems, and processes for regulated entities or sectors.
    • Formulate appropriate supervisory strategies, plans, and approaches based on the results of risk assessments. 
    • Allocate supervisory resources based on risks identified.
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    IMF offers online training to government officials and the public. Click Learn more to find our current offerings.

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