Policy makers, financial sector supervisors/regulators of financial institutions, and other officials responsible for implementation and assessment of anti-money laundering and combating the financing of terrorism (AML/CFT) and risk management programs within Pacific Island States.
Participants are expected to have at least three to five years of experience in the implementation of AML/CFT and risk management programs. Attendance is by invitation only. Prerequisites are specified in the nomination request letters.
This course, presented by the IMF Legal Department, is designed to explore the recent global and regional trends, consequences, and drivers impacting CBRs. It will discuss the perspective from global financial institutions and international financial institutions. The course will also present potential remedial responses/actions necessary to mitigate the existing pressures and withdrawals of CBRs, with a focus on solutions tailored to Pacific Island States.
Upon completion of this course, participants will have a deeper understanding of risk mitigating policies, supervisory actions, and risk management systems to relieve the existing pressures on maintaining or establishing correspondent banking relationships.