Increasing the effectiveness of internal control in the non-bank credit sector: a practical approach

A specialized training course dedicated to combating the legalization of proceeds from criminal activity and the financing of terrorism in the non-bank credit sector was held at the Law Enforcement Academy for employees of organizations that are members of the National Association of Financial Market Participants.

Employees responsible for the activities of internal control services of microcredit organizations and pawnshops took part in the training course.

The course program was aimed at a comprehensive review of the mechanisms of the national system for combating the legalization of proceeds from criminal activity and the financing of terrorism, including issues of risk assessment at the national and sectoral levels, as well as the practice of applying targeted financial sanctions.

Within the framework of the course, special attention was paid to the formation of practical skills in organizing an effective internal control system, identifying and assessing industry risks, as well as determining operations that must be mandatorily reported to a specially authorized state body.

Conducting this training course will contribute to improving the level of professional training of employees of non-bank credit organizations, strengthening practical approaches to the implementation of legislative requirements in the field of POD/FT, as well as forming unified and sustainable approaches to the organization of the internal control system in the financial sector.