On March 21-23, 2024, representatives of the financial intelligence unit (FIU) of the Federal Democratic Republic of Ethiopia finished the training course at ITMCFM.
During the course, participants learned about the institutional and legal foundations of the Russian anti-money laundering system, and the specifics of financial investigations. Besides, the participants discussed supervisory issues, application of a risk-based approach and the use of sectoral risk assessments in oversight activities.
A separate block of program was devoted to AML/CFT/CPF interagency cooperation.
The delegation also received information about the ITMCFM personnel training in the area of AML/CFT.
ITMCFM First Deputy Director General, Oleg Ivanov, emphasized the necessity of a comprehensive approach to meet the staffing needs of national anti-money laundering systems. AML/CFT students of the International Network AML/CFT Institute’s member universities become highly demanded specialists not only for financial intelligence units, but also for law enforcement and supervisory authorities, as well as for the private sector.
Representatives of the Ethiopian FIU got acquainted with the goals and objectives of the International Olympiad on Financial Security. Olympiad Eliminatory stage (1st round) will be held on April 3, 2024, on the Sodruzhestvo digital platform.
Apart from the training course completed at ITMCFM, the delegation visited the Federal Financial Monitoring Service. During the visit, Rosfinmonitoring representatives presented technologies and software tools that help improve the efficiency and effectiveness of the FIU activities.
Diplomas were awarded upon completion of the course.
The Ethiopian delegation expressed its gratitude to Rosfinmonitoring, ITMCFM and invited experts, and noted that the topics discussed are extremely important for FIU of the Federal Democratic Republic of Ethiopia.
