First-ever joint training by FATF and EU Global Facility in Vienna, Austria! 🌍
The EU Global Facility on Monday supported the launch of the first FATF Standards Training Course (STC 23-2023 July) organised outside of the FATF Training Institute located in Busan, South Korea since its reopening. This groundbreaking collaboration showcases the European Commission‘s commitment to standing at the forefront of the fight against money laundering and counter-terrorist financing across the globe. It does so by funding the variety of collaborative initiatives and partnerships conducted by the EU Global Facility project.
From the 17th to the 21st of July, some 35 hand-picked representatives from 15 French-speaking jurisdictions will familiarise themselves with the highest FATF standards, paving the way for enhanced compliance and strengthened anti-money laundering measures in their respective jurisdictions.
In attendance are participants from five Financial Action Task Force-Style Regional Bodies (FSRBs), namely ESAAMLG (Madagascar, Burundi), GABAC (Chad, Congo, Democratic Republic of Congo, Cameroon, Gabon, Central African Republic), GIABA (Senegal, Benin, Comoros, Togo, Guinea, Burkina Faso) and GAFIC (Haiti).
This joint training initiative represents a remarkable milestone in the ongoing efforts to combat financial crimes and establish a more secure global financial system. By launching this collaboration with the standards setting entity -the FATF-, and bringing together diverse French-speaking countries, the EU Global Facility continues to support the efforts carried out by partner countries across the world to uphold their compliance and exchange the best practices.
Out of the 22 training sessions organised by the FATF Training Institute since its reopening in November 2020, two have already been delivered in French.
About the training
🔍 The training on FATF standards is of intermediate level, designed for anti-money laundering and counter-terrorist financing practitioners who have already been introduced to the FATF standards. This comprehensive training will be conducted through a series of presentations, group discussions, and interactive activities.
🌐 The FATF Standards Training stands as the centrepiece of the FATF Training Institute’s programme situated in Busan, Republic of Korea. Its objective is to empower participants with the knowledge and skills required to effectively understand and implement anti-money laundering and counter-terrorist financing measures in their respective jurisdictions.
The event is hosted in the prestigious United Nations Office on Drugs and Crime (UNODC) in Vienna, Austria, as a testimony of the significance of this collaborative training in combating money laundering and financing of terrorism on a global scale.
This project is funded by the European Union.