What is the ‘anti money laundering course’? The AML /CTF (anti money laundering and counter-terrorism financing) course provides an overview of the current AML/CTF regime in Australia, and includes coverage of the additional customer due diligence requirements. The regime seeks to provide a comprehensive legal framework designed to counter money laundering (ML) and terrorism financing (TF), and so contribute to a safer and more secure Australia.
We also cover changes made to the AML/CTF Act in 2016, as well as the inclusion of digital currency exchange providers in the AML/CTF regime from mid-2018
Course structure (20 hours/points)
There are five topics in this course. When you complete your self-study of each topic, you can undertake the open-book knowledge examination for that topic.
Topic 1: How are money laundering and terrorism financing regulated?
Topic 2: What are the components of AML/CTF programs
Topic 3: Conducting the risk assessment
Topic 4: Know you client – Customer due diligence procedures
Topic 5: Understanding your AML/CTF reporting obligations