AML CFT Risk-based Supervision of Financial Institutions

This online course equips AML/CFT supervisors and other AML/CFT experts with essential principles, methodologies, and tools needed to implement an effective risk-based AML/CFT supervisory framework for financial institutions. Designed for experienced and interested professionals, the course emphasizes practical approaches to align AML/CFT supervisory practices with international standards and practices. At the end, participants will have the skills and knowledge to foster a robust supervisory environment that aligns with international best practices and will be better prepared to respond to the evolving challenges in this field. This course is presented by the Institute for Capacity Development and the Financial Integrity Group of the Legal Department of the International Monetary Fund.

• Understand the legal and regulatory framework necessary for implementing risk-based AML/CFT supervision.
• Apply effective methodologies of risk-based AML/CFT supervision of financial institutions in both offsite and onsite settings.
• Develop and implement supervisory strategies aligned with international standards to assess the effectiveness of financial institutions’ AML/CFT controls so that ML/TF/PF risks are adequately controlled and mitigated.
• Use sound and effective risk-based supervisory tools.

• Participants are expected to have at least three to five years of experience in AML/CFT supervision and/or have good knowledge of AML/CFT concepts.