AML-CTF

General AML-CTF obligations


Description
This course provides a general understanding of money-laundering and terrorism-financing risks, as well as specific understanding of the various legislative obligations imposed by Australia's Anti-Money Laundering and Counter-Terrorism Financing Act 2006 ("AML/CTF Act").

We explain how to adopt an AML program, conduct Know-Your-Customer procedures and to provide reports to Australia’s anti-money laundering regulator AUSTRAC.


LEARNING OUTCOMES

This course covers the following topics:

- Topic 1: Introduction to money laundering
- Topic 2: The risk of money laundering
- Topic 3: KYC obligations
- Topic 4: Monitoring and reporting obligations
- Topic 5: Terrorist financing
- Topic 6: Reporting to AUSTRAC.


THIS COURSE IS SUITABLE FOR:

Employees of FinTechs or AUSTRAC reporting entities (including those involved in compliance and risk management functions) that offer services such as:

- providing bank account-related services
- making loans
- exchanging currencies
- issuing debit and stored value cards
- issuing securities and derivatives
- stockbroking.
Content
  • Infographic - Guidance for AML Advisers.pdf
  • Infographic - Guidance for AUSTRAC Reporting entities.pdf
Completion rules
  • All units must be completed