FATF Training and Research Institute (TREIN)

Busan, 20 September 2016.  Today, the opening ceremony of the FATF Training and Research Institute (TREIN) took place in Busan, Korea, during which FATF Executive Secretary David Lewis delivered opening remarks.

The TREIN institute meets the need for training and capacity-building in the implementation of anti-money laundering and counter-terrorist financing (AML/CFT) measures.  Through the institute’s facilities, government officials from all member countries of the FATF Global Network will have access to a comprehensive training and research programme.  Low capacity countries or countries with a less mature AML/CFT regime, will be able to benefit greatly from this additional expertise and research.

The institute will also provide a venue for the training of government officials involved in the assessments, or mutual evaluations, of countries’ implementation of effective AML/CFT measures.   Assessors, reviewers and officials whose country is being reviewed, will learn more about the way the FATF and the FATF-Style Regional Bodies (FSRBs) measure the effectiveness of an AML/CFT regime.

Ultimately, the training and research facilities will increase the capacity of all countries to fully and effectively implement sound measures to protect the integrity of the financial system and ensure that FATF and FSRBs take a consistent approach to measuring the effectiveness of each country’s efforts to tackle threats to the integrity of the international system.