This four-day Seminar will focus on the measures that AML/CFT supervisors should adopt to establish risk-based mechanisms, tools and practices to oversee the effectiveness with which their licensees manage their money laundering and financing of terrorism (ML/TF) risks.
Indeed, the Financial Action Task Force (FATF) has laid a lot of emphasis on the implementation of a risk-based approach (RBA) to AML/CFT by all countries and jurisdictions in its International Standards on Combating Money Laundering and the Financing of Terrorism and Proliferation issued in February 2012. The foundation stone to an effective risk-based approach to AML/CFT is an enabling legal framework.