Closed Projects

AML Compliance Training Program for Financial Institutions

Project name	AML Compliance Training Program for FIs
Timeline	23.11.2021 - 18.02.2022
Goal	The overall objective of the project is to increase the resilience of banking and non-banking financial institutions in Moldova against fraudulent ML/ TF practices by aligning their internal practices with the EU regulation and international best practices. The specific objective was to organized a comprehensive program in AML and CTF risk mitigation for compliance officers and specialists and as a result strengthen the AML and CTF compliance capacities of banks and non-banking financial institutions.
Activities undertaken	Module 1: Risks and methods of Money Laundering (ML) and Terrorist Financing (TF) Module 2: The international standards for AML and CTF (Financial Action Task Force (FATF), EU Directives, Basel Committee, Wolfsberg Group etc.) and the local legal framework. Applied sanctions for legislation breaches Module 3: AML/CTF Compliance Program Module 4: Principles of know your customer/know your employee (KYC/KYE) Module 5: Compliance with the international sanctioning regime and trade embargoes Module 6: Conducting and supporting an investigation process Module 7: Risk assessments for Money Laundering, Terrorist Financing, Sanctions Module 8: Risk appetite framework