Implementing a Risk-Based Approach Regional Workshop Resource Hub
This page hosts curated materials and learning assets from AltusRegional’s workshop on Implementing a Risk-Based Approach to AML/CFT compliance- a critical touchpoint for aligning institutional governance with international standards.
The workshop convened legal, regulatory, and compliance professionals across the Caribbean and beyond, centering practical strategies for embedding FATF Recommendation 1 through documentation, risk culture, and supervisory expectations.
Navigate the tabs below to access expert-led content and supporting materials:
Implementing a Risk-Based Approach Regional Workshop Resource Hub
Implementing a Risk-Based Approach-Workshop Overview
Facilitator: Natalie O. Sandiford, Managing Director, Altus Regional
A comprehensive overview of the workshop’s objectives, methodology, thematic flow, and speaker bios.
🔗 Download Slide Deck (PDF)
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Presentation: National Risk Assessments and their Application in Risk Management
Speaker: Mrs. Knalidi Jackson-Frederick, Financial Advisor, Caribbean Financial Action Task Force (CFATF)-
This high-level presentation examined National Risk Assessments and their Application in Risk Management.
🔗 Download the CFATF Slides (PDF)
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Embedding Effective CDD in Practice
Speaker: Julia Shamini Chase, CEO & Founder, Gold Leaf Consulting Ltd., BVI
A structured CPD guide into conducting Customer Risk Assessments, from macro-level prioritization to institutional risk assessments, and documentation of inherent risk categories.
🔗 Download the CDD Presentation Slides (PDF)
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How AI is Reshaping AML Compliance
Prepared by: Abayomi Marshall, Natalie O. Sandiford, Altus Regional
Highlights use cases for AI in client onboarding, transaction monitoring, suspicious activity detection and calls for redesign of compliance frameworks and establishment of robust governance structures to mitigate the new risks and challenges associated with AI integration.
🔗 Download How AI is Reshaping AML Compliance Slides (PDF)
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Drafting AML Compliance Infrastructure: AML Compliance Training Plan Guide
Prepared by: Natalie O. Sandiford, Altus Regional
Presents a scalable, risk-based CPD training framework anchored in FATF guidance. Covers the importance of training and provides a scalable training plan outline, along with target audience, training frequencies and triggers, topics and risk alignment and delivery methods. Templates for Training Calendars, Training Registers, and Feedback forms are also included in this slide pack.
🔗 Download Training Plan Guide (PDF)
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Materials are for workshop reference only. Redistribution requires consent from AltusRegional.
References:
- Financial Action Task Force (FATF). (2012). International standards on combating money laundering and the financing of terrorism & proliferation: The FATF Recommendations. Retrieved from https://www.fatf-gafi.org/content/dam/fatf-gafi/recommendations/FATF%20Recommendations%202012.pdf.coredownload.inline.pdf
- Financial Action Task Force (FATF). (2013). Methodology for assessing compliance with the FATF Recommendations and the effectiveness of AML/CFT systems. Retrieved from https://www.fatf-gafi.org/content/dam/fatf-gafi/methodology/FATF%20Methodology%2022%20Feb%202013.pdf.coredownload.inline.pdf
- World Bank. (2017). Financial intelligence units: An overview of current trends, challenges, and opportunities. Retrieved from https://openknowledge.worldbank.org/server/api/core/bitstreams/2e1f3f32-57ad-43cb-bb8e-d1aab5636be4/content
- Central Bank of Belize. (2020). National risk assessment: Belize. Retrieved from https://www.centralbank.org.bz/docs/default-source/7.0-news-advisories/nra-report-belize_public-document_final.pdf?sfvrsn=3a534c2b_3
- Financial Action Task Force (FATF). (2021). National money laundering and terrorist financing risk assessment: Guidance. Retrieved from https://www.fatf-gafi.org/content/dam/fatf-gafi/reports/National_ML_TF_Risk_Assessment.pdf.coredownload.inline.pdf
- Financial Action Task Force (FATF). (2019). Terrorist financing risk assessment guidance. Retrieved from https://www.fatf-gafi.org/content/dam/fatf-gafi/guidance/Terrorist-Financing-Risk-Assessment-Guidance.pdf.coredownload.pdf
- Financial Action Task Force (FATF). (2021). Guidance on proliferation financing risk assessment and mitigation. Retrieved from https://www.fatf-gafi.org/content/dam/fatf-gafi/guidance/Guidance-Proliferation-Financing-Risk-Assessment-Mitigation.pdf.coredownload.inline.pdf
- Financial Action Task Force (FATF). (2022). Guidance on countering proliferation financing. Retrieved from https://www.fatf-gafi.org/content/dam/fatf-gafi/guidance/Guidance-Countering-Proliferation-Financing.pdf.coredownload.pdf
- Financial Action Task Force (FATF). (2023). AML/CFT-related data and statistics. Retrieved from https://www.fatf-gafi.org/content/dam/fatf-gafi/guidance/AML-CFT-related-data-and-statistics.pdf.coredownload.pdf
- Financial Action Task Force (FATF). (2022). Private sector information sharing: Report. Retrieved from https://www.fatf-gafi.org/content/dam/fatf-gafi/reports/Private-Sector-Information-Sharing.pdf.coredownload.pdf
References:
Financial Action Task Force (FATF). (2012). International standards on combating money laundering and the financing of terrorism & proliferation: The FATF Recommendations. Retrieved from https://www.fatf-gafi.org/content/dam/fatf-gafi/recommendations/FATF%20Recommendations%202012.pdf.coredownload.inline.pdf
References:
- Final Report Artificial Intelligence Public Private Forum. Retrieved from https://www.bankofengland.co.uk/-/media/boe/files/fintech/ai-public-private-forum-final-report.pdf
- Opportunities and Challenges of New Technologies for AML/CFT. Retrieved from https://www.fatf-gafi.org/content/dam/fatf-gafi/guidance/Opportunities-Challenges-of-New-Technologies-for-AML-CFT.pdf.coredownload.inline.pdf
- 7 Use Cases of Artificial Intelligence in Anti-Money laundering. (2025). Retrieved from https://amlwatcher.com/blog/7-use-cases-of-artificial-intelligence-in-anti-money-laundering/
- Cameron, S. (2024). AML and ai: How ai is changing the AML landscape. Retrieved from https://complyadvantage.com/insights/aml-ai-how-ai-is-changing-the-aml-landscape/
- MCTI (2025). Final version: Brazilian Artificial Intelligence Plan (PBIA). (n.d.). Retrieved from https://www.gov.br/mcti/pt-br/acompanhe-o-mcti/noticias/2025/06/publicada-versao-final-do-plano-brasileiro-de-inteligencia-artificial-sob-coordenacao-do-mcti
Useful Links
Financial Action Task Force. (2008). RBA guidance for legal professionals, accountants and trust and company service providers. Retrieved from https://www.fatf-gafi.org/en/publications/Fatfrecommendations/Rba-trust-company-service-providers.html
Financial Action Task Force. (2012). International standards on combating money laundering and the financing of terrorism and proliferation: The FATF recommendations. Retrieved from https://www.fatf-gafi.org/en/publications/Fatfrecommendations/Fatf-recommendations.html
Financial Action Task Force. (2013). Guidance for a risk-based approach: The banking sector. Retrieved from https://www.fatf-gafi.org/en/publications/Risk-based-approach/Guidance-rba-banking-sector.html
Financial Action Task Force. (2019a). Guidance for a risk-based approach for legal professionals. Retrieved from https://www.fatf-gafi.org/en/publications/Fatfrecommendations/Rba-legal-professionals.html
Financial Action Task Force. (2019b). Guidance for a risk-based approach for trust and company service providers. Retrieved from https://www.fatf-gafi.org/en/publications/Fatfrecommendations/Rba-trust-company-service-providers.html
Financial Action Task Force. (2019). Guidance for a risk-based approach to virtual assets and virtual asset service providers. Retrieved from https://www.fatf-gafi.org/publications/fatfrecommendations/documents/guidance-rba-virtual-assets.html
Financial Action Task Force. (2021). Updated guidance for a risk-based approach to virtual assets and virtual asset service providers. Retrieved from https://www.fatf-gafi.org/content/dam/fatf-gafi/guidance/Updated-Guidance-VA-VASP.pdf
AML Compliance Training Plan Guide
Effective AML Compliance Training equips Financial Institutions, DNFBPs, VASPs and TCSPs with risk-based frameworks aligned to the FATF Recommendations, and strengthens their ability to deter, detect and report illicit finance. Review our guide for developing your AML Compliance Training Plan.
How AI is Reshaping Compliance
In this presentation, AltusRegional explores how AI and emerging technologies are reshaping compliance functions, including onboarding, transaction monitoring, and regulatory engagement, noting that this digital evolution presents both unprecedented opportunity and significant regulatory responsibility for the Caribbean.
Learning Outcomes AML COMPLIANCE EXCELLENCE
By the end of the workshop, participants will be able to:
- Explain the purpose and structure of National Risk Assessments (NRAs) and assess their relevance to institutional compliance strategy across financial and non-financial sectors.
- Interpret FATF Recommendation 1 and Immediate Outcome 1, and describe how these inform the implementation of a risk-based approach at the national and institutional levels.
- Apply risk-based principles to core compliance functions including Know Your Customer (KYC), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD).
- Evaluate emerging risks associated with virtual assets and new technologies and describe how supervisory and institutional frameworks can respond proportionately.
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