AML/CFT Risk Assessment Workshop
GACO is pleased to announce its latest virtual training session which will be delivered free to our members.
Risk assessments are fundamental to the effective implementation of a risk-based approach to AML/CFT. A national risk assessment is key for a jurisdiction to comply with the FATF standards, and business risk assessments are required for entities to meet local obligations.
Delivering the training will be Nicky Gomez and Nathan Catania from XReg Consulting. XReg is a consultancy firm in Gibraltar founded by former GFSC regulators that specialises in regulatory compliance.
The course will provide an introduction to AML/CFT-specific risk assessments, explaining the standards set by the FATF and how these have been incorporated into local legislation. We will then discuss Gibraltar’s latest National Risk Assessment (NRA), which is still open for feedback. MONEYVAL’s findings on risk assessments will also be covered, in particular its recommendations to the jurisdiction for improvements in this area. We will conclude with ways to approach an effective business risk assessment, including the benefits of conducting these on a regular basis.
i. Risk Assessments – an introduction
ii. Requirements under the FATF Recommendations
iii. How is this reflected in Gibraltar law?
iv. Gibraltar’s NRA
v. MoneyVal’s findings on risk assessments
vi. Entity-level risk assessments, what are they and why the big deal?
vii. Benefits of an effective RA
viii. Questions and answers
- Date: 1st of June 2020
- Starting time: 9.30am CEST
- 1 hour presentation
- 30 mins questions