FATF 40 Recommendations - Part 1 

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Thank you for your positive comment 👍🏻 I’m glad this series of videos is helping you with your preparation! Best of luck for your CAMS exam 🤞🏻

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@@FinCrimeAgentthank you it’s very clear and useful 👍🏻

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Thank you! I’m glad the content produced in this series is clear and easy to digest 👍🏻 I have also created a full recaps of the 40 recommendations in PDF format if you are interested. This is the link to it: fincrimeagent.gumroad.com/l/FATF40

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Thanks for your positive comment, I’m glad you find useful my content👍🏻 The rest of FATF recommendations will be published during the next weeks.

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Hi, thanks for subscribing and for commenting on the video 👍🏻 This question can be a little tricky to answer.. mainly because there is an ocean of material available for you to read. So, rather than making a list here, what I would suggest you is to search across my channel videos related to topics you are keen/required to learn more about and then look into the video description. You will find under each video links and references from my research about that topic so you can read those in details to further expand your knowledge. I am sure you already have good quality material provided as part of your diploma course, still I think this could be a good approach to further expand your knowledge and be ready when the date of the exam arrives. I hope this is a useful advise, if you have more specific requests for a topic you can’t find, feel free to post on this channel and either myself or someone else from the FinCrime Agent community will help you in finding some material publicly available. Thanks again for joining our community and best of luck for your diploma.

@@FinCrimeAgent Thank you so much and will follow more videos as they are very good! Thanks.

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Hi Monica, thanks for commenting on this video. I’m glad the content I created here are useful 👍🏻 Yes, memorising all of them can be a challenge… perhaps reading a summary of those or watching my videos several times can help you with that task? Usually knowing all 40 recommendations is a very good practice but I doubt that every professional in FinCrime prevention know by heart each of the 40 FATF recommendations.. Anyway I assume you probably need that to face an exam where you can be asked what each recommendation is about. If that’s the case I’m not sure which other shortcut to suggest beside what I mentioned above. That is my way to memorise things but perhaps you can find better ways that will be suggested by others commenting here. Best of luck with this and thanks for being part of this community 👍🏻

Hi Lizzy, thanks for commenting on the video. Yes, there could instances when the involvement is unintentional, for example when systems and controls are not adequate and therefore the failure to identify exposure to financial crime activities is missed by a regulated institution. Although, the consequences are severe and serious even when unintentional failure of AML & CTF (Counter Terrorist Financing) risk mitigation is found. Fines can go easily into the million of dollars for the non compliant institution and of course there are even more serious consequences for the society when the failure to identify terrorist financing risk occurs. How to avoid this? Ensuring the AML & CTF programme in place is effective, and reviewed regularly is definitely a good starting point. On May 30th I will publish a video about the 5 pillars of an AML compliance programme so I think you will find that type of content interesting 👍🏻 I hope this answer your question. Thanks for watching my video !

@@FinCrimeAgent thank you so much for your explanation, like what you’ve said above, the effective AML/CFT strategy must be in place, and it shall be regularly reviewed. Many of the jurisdictions try their best to ensure that their AML/CFT strategy is up to date with FATF standard. I’m currently pursuing Advance AML by ICA, your contents help me a lot. Thank you, please continue posting. I am looking forward for other interesting topic regarding Fin Crime and how to fight them.

You are very welcome. I’m glad that you are finding useful my contents for your learning with your ICA course in AML 👍🏻 Thanks for your positive feedback.

Thanks for watching 👍🏻 I’ve just released a new video with an overview of 10 key metrics to include into a FinCrime dashboard. Here is the link to it, I hope you’ll find it interesting! ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-BkhqDJAU5Dg.html

Hi Sunday, thanks for commenting on this video! ACAMS, ICA and AGRC qualifications are usually very popular in the UK. I've been asked several times by other viewers if qualifications can help to move into the industry and my view is that having a certificate can help as it demonstrates your commitment, particularly if you are new to the industry. To support my community here, I've managed to secure a 20% discount on all courses and certificates provided by The Association of Governance, Risk & Compliance (AGRC). From the below link, you can take a look if any of their courses can be of interest to you. To claim your 20% discount: 1️⃣ Go to fincrimeagent.elearning.lgca.uk/ 2️⃣ Choose your course 3️⃣ Use the discount code: FCA20 Best wishes! Marco

Hi Steve, thanks for the positive feedback. Yes, feel free to get in touch via email. You can write to: fincrimeagent@gmail.com 👍🏻