FATF 40 Recommendations - Part 1
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- เผยแพร่เมื่อ 3 ก.ค. 2024
- In this video, I cover some of FATF 40 recommendations. This is part one of my series of 4 videos focused on the 40 FATF recommendations. You can learn about FATF recommendations from this video: 1, 2, 3, 4, 5, 6, 7, 8, 35, and 38.
📚 Dive deeper with my FATF 40 Recommendations PDF Guide: fincrimeagent.gumroad.com/l/F...
🎥 Continue the Series:
Part 2: • FATF 40 Recommendation...
Part 3: • FATF 40 Recommendation...
Part 4: • FATF 40 Recommendation...
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▬▬ CHAPTERS ▬▬
0:00 - Intro on Financial Action Task Force
01:04 - What is FATF
02:15 - FATF Recommendation 1
02:55 - FATF Recommendation 2
04:06 - FATF Recommendation 3
04:59 - FATF Recommendation 4 & 38
06:05 - FATF Recommendation 5
07:25 - FATF Recommendation 6, 7 & 35
08:28 - FATF Recommendation 8
✅ References:
www.fatf-gafi.org/publication...)
🌐 Connect with Me: linktr.ee/fincrimeagent
DISCLAIMER:
This video is intended for general informational or entertainment purposes only. The information in this video is not intended to replace legal advice. The views and opinions expressed in this video are those of the speaker/s and do not necessarily reflect the original policy or position of people, institutions, or organizations that the speaker/s may or may not be associated with in professional or personal capacity, unless explicitly stated. Furthermore, no endorsement of any criminal activity is expressed or implied.
PARTNERSHIPS & AFFILIATIONS:
For transparency, the video you just watched is NOT sponsored. Some of the links included in this space are affiliate links, and I could earn a small commission if you make a purchase. This will be at no extra cost to you and will allow me to continue making more videos like this one.
© Marco Beranzoni - All rights reserved.
No part of this video presentation may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, mechanical, electronic, photocopying, recording, or otherwise without the prior written permission of the owner.
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Your support helps me create more high-quality content for this community. Thank you!
I m preparing for CAMS, and with the help of videos i can keep listening to the topics even while driving, cooking ! Thanks
Hey, thanks for commenting on this video 👍🏻 I’m glad to read that my content are helping you with your preparation for CAMS. Let us know how you will do at the exam. Best of luck! Marco
Im preparing for my CAMS exam in one month, and your videos are so helpful. Its always better to have AML/TF topics explained in this manner. Very insightful. Thank you for your efforts!
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 🤞🏻
First time I found TH-cam channel introducing topics for AML I appreciate your efforts and it will help me to pass CAMS exam
Thanks 🙏
Thanks for leaving here your positive comment! Best of luck for your CAMS exam 🤞🏻
thank you , very useful
Thanks for commenting on my video 👍🏻
It was excellent! Keep it up.
Thank you for your positive feedback 👍🏻🙂
I really like your videos!
Thank you for sharing your positive feedback 👍🏻
Your videos are great . Thank you
So nice of you. Thank you 👍🏻
Thanks a very good job
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.
Useful information .
Glad it was helpful! Thank you Julius 👍🏻
Amazing keep it up
Thank you 👍🏻
Very clear and useful. Thanks
Thanks for your feedback 👍🏻
Great Initiative
Thank you 👍🏻
Great insight information provided thank you for taking to explaining very precisely. Great looking forward more to come in.
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
Very helpful for cams . Thanks buddy
Thanks for your positive feedback 👍🏻
You are awesome 👌
Thank you 😊
It’s so clear to understand.. Thanks for sharing this😇
Thank you for watching and leaving a comment on the video 👍🏻
Very clear thanks
Thank you for your feedback! Glad that it was helpful 👍🏻🙂
The video is very useful and give me a great refresher on the FAFT Recommendation. THANKS!
Thank you! I appreciate your positive comment and I’m glad my videos are useful to you 🙂
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Your videos are very good for people like us who wants to learn. Kindly keep up the good work.
Thank you for watching and leaving your feedback on this video 👍🏻
Great presentation sir
Thank you. I’m glad this video was useful to you 👍🏻
Hey Hi , very informative video regarding to FATF recommendations ....easy to understand and clear
Thanks for your positive comment 👍🏻
Thanks
Thank you so much for showing you appreciation! I'm glad that my contents are useful to you 👍🏻
Useful
Thank you for your comment. Glad to read that 🙂
Great video
Tysm
Love From IN🇮🇳
Thanks for watching 👍🏻
splendid
Thank you 👍🏻
Nice presentation sir
Thank you for sharing your positive feedback 👍🏻
thnx
Thank you Pradeep 👍🏻
Hi that's very nice all info provided. How can I memorize all of it?
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 👍🏻
Good afternoon, Can you suggest any notes / short notes/magazines/publications/books I can read in order to broaden my knowledge, currently I am attending a Diploma in AMLU & Compliance. Your help would be greatly appreciated.
Thanks for all these educational videos, I have subscribed and liked!
Thank you!
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.
Thank you 👍🏻
🙏
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!
th-cam.com/video/BkhqDJAU5Dg/w-d-xo.html
What certification do you recommend for UK citizens ?
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/
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Best wishes! Marco
Can a reporting entity involved with Financial Terrorism (Recommendation 5) unwillingly? For example, they are negligent to report, or allow the transaction pass through without double check? If so, what is their responsibility on this action?
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.
Thank you for this overview really helpful. Would it be possible to contact you? Thanks
Hi Steve, thanks for the positive feedback. Yes, feel free to get in touch via email. You can write to: fincrimeagent@gmail.com 👍🏻