Upon completion of this course, participants will be able to:

• Apply the **FATF principles and guidelines** for cross-border cooperation and information sharing regarding AML/CFT supervision.
• Draft, negotiate, and execute comprehensive **Memoranda of Understanding (MOUs)** and bilateral agreements for supervisory cooperation on MSBs.
• Master the legal requirements and protocols for handling and responding to **requests for supervisory information** from foreign counterparts.
• Establish clear procedures for maintaining **confidentiality and data protection** when sharing sensitive supervisory information across borders.
• Develop and coordinate joint **on-site examinations and supervisory meetings** for international MSB groups and their global agent networks.
• Understand the legal challenges, conflict of laws, and policy limitations when attempting to enforce foreign regulatory actions.
• Formulate an internal framework for assessing the adequacy of **foreign supervisory regimes** and relying on their oversight in the home/host context.
• Analyze the role of international bodies (e.g., FSB, Egmont Group) in facilitating cross-border supervisory dialogue and cooperation.

• AML/CFT Supervisors and Examiners focused on International/Cross-Border MSBs.
• Legal Counsel and Policy Staff at Regulatory Authorities dealing with International Agreements.
• Compliance and Governance Officers at International MSB Head Offices.
• Financial Intelligence Unit (FIU) Liaison Officers and Analysts.
• Senior Management involved in International Regulatory Relations.

• MOU Drafting and Negotiation Role-Playing Exercises
• Case Studies on Information Sharing Failures and Cross-Border Enforcement Challenges
• Group Activities on Designing a Joint On-Site Examination Protocol for an International MSB
• Expert Lectures on FATF Information Sharing Guidelines and Data Protection Law
• Workshops on Confidentiality Protocols and Responding to Foreign Supervisory Requests
• Individual Exercises on Analyzing a Foreign Supervisory Regime's Adequacy for Reliance

Unit 1: The Rationale and Framework for Cooperation

• The necessity of cooperation: MSBs' cross-border nature, money laundering risk, and the FATF mandate.
• Defining the legal authority and statutory basis for a supervisor to share information internationally.
• Review of the **FATF recommendations** on information sharing and cross-border cooperation.
• The concept of home-host supervision and the delineation of responsibilities for international MSBs.
• The role of international organizations (e.g., International Organization of Securities Commissions - IOSCO, Basel Committee) in promoting cooperation.

Unit 2: Drafting and Negotiating Memoranda of Understanding (MOUs)

• Structuring a typical **MOU** for supervisory cooperation (e.g., scope, permitted uses, confidentiality clauses).
• Key clauses for negotiation: information sharing protocols, legal challenges, and conflict resolution mechanisms.
• Protocols for engaging with foreign counterparts to assess their need for and ability to protect shared information.
• Managing the internal and governmental approval process for signing and executing MOUs.
• Legal considerations regarding the use of shared information in enforcement actions.

Unit 3: Information Sharing and Confidentiality

• Developing clear internal protocols for receiving, processing, and responding to **information requests** from foreign supervisors.
• Establishing strict controls to ensure the **confidentiality and data protection** (e.g., GDPR compliance) of shared supervisory data.
• Protocols for sharing sensitive enforcement or investigation-related information with foreign counterparts.
• Managing the challenge of sharing proprietary data and ensuring its use aligns with the MOU's scope.
• Case studies on information sharing disputes and the protection of national interests.

Unit 4: Coordination of Supervisory Activities

• Protocols for coordinating and conducting **joint on-site examinations** of international MSB head offices and branches.
• Strategies for harmonizing supervisory calendars and risk assessment methodologies across jurisdictions.
• Protocols for sharing the results of a joint examination and agreeing on common supervisory findings.
• The role of supervisory colleges or standing groups for major international MSB groups.
• Managing the challenges of language, time zones, and different legal standards during joint activities.

Unit 5: Legal Challenges and Future Trends

• Analyzing the legal barriers and challenges (e.g., blocking statutes) to effective cross-border cooperation.
• Protocols for relying on the supervisory actions or enforcement decisions of a foreign jurisdiction.
• Future trends: using **SupTech and shared data platforms** to facilitate real-time, cross-border information exchange.
• The impact of virtual asset service providers (VASPs) on the need for new types of cross-border cooperation.
• Developing a strategy for continuous engagement and relationship building with key foreign counterparts.