Training Sessions (Implementing Procedures Part I – Revised Version)

On the 30th October 2018, the FIAU published the revised Implementing Procedures Part I for consultation. To complement the consultation process that is currently underway, the FIAU is holding two repeat training sessions to present the proposed changes and at the same time receive feedback from subject persons. FIAU officials responsible for drafting the revisions shall be explaining the salient changes, with special emphasis on how to implement the risk-based approach and carry out risk assessments, understanding beneficial ownership, how to carry out effective ongoing monitoring, and the outsourcing of certain AML/CFT obligations, among many other topics. There will be ample time for questions and discussions following each topic presented.