Base Practices

FD10.01 – Use of multiple channels to increase awareness

Description	Multiple channels can be used by FIU to increase awareness of reporting entities about their obligations under national AML/CFT law
Example Work Products	FD10.01.01 - FIU website FD10.01.02 - FIU Annual Report FD10.01.03 - Brochures and documents FD10.01.04 - Seminars FD10.01.05 - Training workshops FD10.01.05 06 – e-learning courses
Notes	The FIU website and annual report can present information related to the national AML law; role of FIU; strategy adopted by FIU; operational status of FIU; and salient features of successful cases Brochures and documents can be used to explain KYC procedures; detection of suspicious transactions; and preparation of prescribed reports Seminars and are useful to interact with the reporting entities and discuss implementation issues. Training workshops can be used to train authorised users of reporting entities in performing their obligations. e-learning courses can be provided using a learning management system (LMS) to train employees of the reporting entities in complying with their obligations more effectively.

FD10.02 – Share best practices with reporting entities

Description	Sharing of generally-accepted, informally-standardized techniques, methods or processes that have proven themselves over time to accomplish given tasks.
Example Work Products	FD10.02.01 – Key components of AML system of reporting entities FD10.02.02 – Key features of risk based system FD10.02.03 – Red flag indicators for detection of suspicious transactions FD10.02.04 – Best practices for alert review and management
Notes	Best practice is a feature of accredited management standards such as ISO 9000 and ISO 14001.A "best" practice can evolve to become better as improvements are discovered. Best practices are used to maintain quality as an alternative to mandatory legislated standards and can be based on self-assessment or benchmarking. When applying best practice to organizations it is important to balance the unique qualities of an organization with the practices that it has in common with others. Involvement of industry associations in identifying best practices develops common and shared understanding in the private sector.

FD10.03 – Provide feedback to reporting entities

Дата добавления: 2015-11-14