Introduction to Anti-Money Laundering & Counter Terrorism Financing (AML/CTF)

The introductory course will provide you with a broad understanding of the AML/CTF regulatory regime and the important role businesses play to support AUSTRAC to deter, detect and disrupt money laundering, terrorism financing and proliferation financing.

What's covered:

  1. Introduction to money laundering, terrorism financing and proliferation financing

  2. The AML/CTF regime and AUSTRAC

  3. The AML/CTF Program

  4. Customer Due Diligence

  5. Reporting obligations for Reporting Entities

Learning outcomes:

  1. Understand how to detect money laundering, terrorism financing and proliferation financing riks that a business may face

  2. List the AML/CTF obligations and governance roles of a reporting entity

  3. Explain the core components of an AML/CTF Program

  4. Understand the purpose of customer due diligence

  5. Recall the reporting obligations for a reporting entity

Recommended for:

Any staff member whose employer needs to be enrolled with AUSTRAC.  This includes financial services businesses, payments business, accountants, real estate agents and lawyers.

Length:

This course is expected to take up to 2 hours to complete.