Anti-Money Laundering for Central Banks Training Course

Participants can interpret FATF technical compliance and effectiveness requirements for supervisory work.

• Forty FATF Recommendations structured around legal, preventive and institutional measures
• Immediate Outcomes 3 and 4 for supervisory effectiveness assessment
• Technical compliance versus effectiveness evidence in mutual evaluation reports
• Risk-based supervision expectations under FATF Recommendation 26
• Follow-up reporting, action plans and post-evaluation remediation governance
• Read mutual evaluation findings to identify supervisory capability gaps

Participants can use national risk assessment evidence to identify sectoral AML/CFT priorities.

• National risk assessment methodology: threats, vulnerabilities, consequences and likelihood
• Sectoral risk indicators for banks, payment firms and money-value transfer services
• Threat analysis using predicate offences, criminal groups and illicit flows
• Vulnerability assessment of products, customers, channels and geographic exposure
• Risk appetite statements linked to national AML/CFT policy priorities
• Convert risk assessment findings into supervisory planning assumptions

Participants can construct a documented inherent and residual risk assessment for a regulated institution.

• Inherent risk scoring for customers, products, delivery channels and jurisdictions
• Control-effectiveness ratings based on design, implementation and operating evidence
• Residual risk calculation using documented rating scales and rationale
• Risk matrices distinguishing high-impact exposure from high-probability exposure
• Data sources: regulatory returns, audit reports, STRs and onsite findings
• Document assumptions, limitations and approval responsibilities within risk assessments

Participants can assess whether customer due diligence controls meet risk-based regulatory expectations.

• CDD triggers for account opening, occasional transactions and suspicious activity
• Beneficial ownership identification using ownership, control and senior-management tests
• Enhanced due diligence for politically exposed persons and high-risk relationships
• Simplified due diligence boundaries under documented lower-risk conditions
• Customer risk-rating models with event-driven review and refresh rules
• Assess source-of-funds and source-of-wealth evidence for plausibility

Participants can evaluate transaction-monitoring controls and suspicious transaction reporting decisions.

• Scenario-based monitoring rules for structuring, rapid movement and unusual patterns
• Behavioural baselines compared against customer profile and expected activity
• Alert disposition records documenting investigation steps and closure rationale
• Suspicious transaction report narratives: facts, indicators, subjects and transaction flows
• Tipping-off controls, confidentiality restrictions and report-filing governance
• Quality assurance sampling for alerts, investigations and submitted reports

Participants can establish practical information-sharing arrangements with financial intelligence partners.

• FIU operational analysis, strategic analysis and dissemination functions
• Feedback loops between supervisors, reporting entities and financial intelligence units
• Memoranda of understanding covering purpose, access, confidentiality and retention
• Information-sharing gateways under banking secrecy and data-protection rules
• Egmont Group principles relevant to secure international FIU cooperation
• Escalate intelligence indicators into supervisory review and enforcement decisions

Participants can design a risk-based supervisory programme for AML/CFT oversight.

• Supervisory risk-rating models combining impact, likelihood and control maturity
• Offsite monitoring using prudential returns, AML metrics and event notifications
• Onsite examination scope matched to institutional risk and prior findings
• Thematic reviews targeting common weaknesses across regulated populations
• Supervisory colleges for cross-border banking group AML/CFT oversight
• Annual supervisory plans allocating examination resources by risk tier

Participants can plan and conduct evidence-based AML/CFT onsite examinations.

• Examination planning memoranda defining scope, evidence requests and sampling methods
• Walkthrough testing from customer onboarding through monitoring and reporting
• File sampling techniques using random, judgemental and risk-based selections
• Control testing distinguishes policy existence from operating effectiveness
• Management interviews test accountability, challenge and escalation practices
• Working papers link evidence, findings, criteria and supervisory conclusions

Participants can assess cross-border correspondent-banking AML/CFT controls and supervisory concerns.

• Correspondent banking risk factors: respondent profile, jurisdictions and payment volumes
• FATF Recommendation 13 requirements for cross-border correspondent relationships
• Due diligence on respondent banks, ownership, licensing and reputation
• Payable-through accounts and nested relationships requiring enhanced scrutiny
• De-risking decisions assessed against risk evidence and financial-inclusion effects
• Review cross-border payment messages for missing originator and beneficiary data

Participants can review sanctions governance and identify screening-control deficiencies.

• Targeted financial sanctions under United Nations Security Council resolutions
• Screening-list management, list updates and match-resolution controls
• Name-matching algorithms, transliteration rules and false-positive governance
• Asset-freeze obligations distinguished from transaction-monitoring alert procedures
• Sanctions escalation involving legal review, reporting and account restrictions
• Assess payment-system participant compliance with sanctions control requirements

Participants can identify terrorist-financing and proliferation-financing risks within supervisory assessments.

• Terrorist-financing typologies involving small-value transfers, charities and cash
• Proliferation-financing indicators linked to dual-use goods and procurement networks
• FATF Recommendation 7 obligations for proliferation-financing targeted financial sanctions
• Trade documents reviewed for unusual routes, goods and counterparties
• Non-profit organisation risk assessments without indiscriminate service denial
• Integrate terrorism and proliferation indicators into institutional risk ratings

Participants can assess financial-crime controls for payment systems and virtual-asset activities.

• Payment-system oversight links operational resilience with financial-crime risk management
• Instant-payment fraud indicators, mule accounts and rapid fund dispersion
• Virtual asset service provider licensing and supervisory risk factors
• FATF Travel Rule requirements for virtual asset transfer information
• Blockchain analytics outputs assessed alongside customer and transaction evidence
• Digital identity assurance, authentication controls and account-opening fraud risks

Participants can select and document proportionate AML/CFT remediation and enforcement actions.

• Supervisory findings classified by severity, pervasiveness and customer-harm potential
• Remediation plans specify actions, owners, milestones and evidence requirements
• Enforcement escalation from written warnings to licence restrictions and penalties
• Proportionality analysis considers misconduct, cooperation, recurrence and deterrence
• Board accountability letters address governance failures and management oversight
• Follow-up reviews validate closure through evidence rather than management assertions

Participants can connect fraud typologies with AML/CFT detection, reporting and supervisory responses.

• Fraud proceeds entering accounts through mule networks and layered transfers
• Account takeover patterns identified through device, access and payment anomalies
• Trade-based money laundering indicators involving invoices, quantities and valuations
• Insider abuse risks within banks, payment providers and currency operations
• Predicate-offence mapping links fraud cases to money-laundering control failures
• Coordinate fraud intelligence with suspicious reporting and supervisory interventions

Participants can define AML/CFT metrics and reporting packages for supervisory decision-making.

• Key risk indicators for onboarding, alerts, reports and remediation ageing
• Management information distinguishes volumes, quality, timeliness and outcomes
• Supervisory returns designed with clear definitions, validation and submission controls
• Trend analysis identifies outliers across institutions, products and geographic corridors
• Data-quality testing checks completeness, accuracy, lineage and reconciliation
• Dashboards present risk concentration and unresolved supervisory actions clearly

Participants can build, review and present a complete AML/CFT supervisory review pack for a regulated institution.

• Review institution profile, ownership, products, channels and geographic exposure
• Build inherent and residual risk ratings using documented evidence
• Assess CDD, monitoring, sanctions and suspicious-reporting control effectiveness
• Draft findings linked to FATF standards and domestic supervisory criteria
• Prepare remediation actions, timelines, accountability and follow-up testing
• Present supervisory conclusions and defend prioritisation before a review panel