AML/CTF Course

Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Training Course

Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) regime is a critical component in Australia’s defence against money laundering and organised crime.

To effectively protect Australia’s economy and its participants, including Australia’s global counterparts, the Australian Government and AUSTRAC seek to ensure we have a robust and rigorous regime in place that is hostile to money laundering, financing of terrorism, major crime, and tax evasion.

The current AML/CTF regime in Australia provides a comprehensive legal framework designed to counter money laundering (ML) and terrorism financing (TF), and so contribute to a safer and more secure Australia.

About our AML/CTF course

A comprehensive course to understand the AML/CTF in Australia.

Our AML/CTF course provides a comprehensive examination of the AML/CTF regulatory regime – from law fundamentals to AUSTRAC’s approach to enforcement, threats, vulnerabilities and mitigants by sector, guidance on preparing and implementing an AML/CTF Program, customer due diligence (KYC), and reporting and record-keeping.

Comply with your risk awareness training obligations

As required under risk awareness training requirements in the AML/CTF Rules, our AML/CTF course covers:

  • Obligations under the AML/CTF Act and Rules
  • Consequences of non-compliance with the AML/CTF Act and Rules
  • The types of ML/TF risk the business might face and the consequences of such risk (by sector), and
  • AML/CTF processes and procedures that employees must carry out (general information).

Comply with obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) or the Financial Transaction Reports Act 1988 (FTR Act).

Our training solutions are designed to support all levels of expertise within your organisation. Explore our three tiers of training covering AML/CTF.

Who is this course for?

  • Risk and compliance leaders that have oversight of AML/CTF obligations
  • Specialist AML or Financial Crime teams
  • AML/CTF advisers
  • Compliance consultants and auditors
  • Professional services firms
  • New entrants interested in understanding AML Compliance.

What are the Designated Services under the AML/CTF ACT?

  • Banking and other financial institutions
  • Bookmakers and betting agencies
  • Bullion dealers
  • Casinos, pubs and clubs
  • Digital currency (cryptocurrency) exchange providers and money transfer businesses
  • Financial services providers, including financial advice, insurance and superannuation funds
  • Motor vehicle dealers
  • Non-profit organisations, including member associations
  • Solicitors

Program Content

  • Introduction to the AML/CTF Act
  • AUSTRAC regulatory guidance and enforcement
  • Conducting the risk assessment
  • Know your client – Customer due diligence procedures
  • Understanding your AML/CTF reporting obligations

Learning Outcomes

What you will learn

  • The current AML/CTF Act and regulations applicable in Australia
  • AUSTRAC’s regulatory guidance & enforcement and how it exercises its initiatives and powers
  • How to identify vulnerabilities and their impacts on sectors regulated by AUSTRAC
  • Effective ways to conduct a risk assessment and develop a compliant AML/CTF program
  • What ‘know you client’ – customer due diligence procedures your organisation needs to comply with
  • How to implement AML/CTF reporting obligations within your organisation.

Who is this course for?

Units of Competency

Pre-requisite

None

Recognition of Prior Learning

Certification

On successful completion, participants will be awarded a Certificate of Attainment confirming that they have successfully completed The AML/CTF Course.

Discover our AML/CTF Course

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Frequently Asked Questions

The AML/CTF Act is part of a legislative package which brings Australia into line with international best practice to deter money laundering and terrorism financing. Australia’s AML/CTF regime comprises the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (the AML/CTF Act) and the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No.1). If you have questions about financial services regulation and what training is needed to satisfy requirements, information can be found in

AUSTRAC is Australia’s anti-money laundering and counter-terrorism financing regulator and specialist financial intelligence unit. It is an Australian Government agency with a mandate specified in the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth.)

Our online AML/CTF program is designed for any individual who is employed in a role where customer due diligence, reporting and record keeping is required to comply with obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) or the Financial Transaction Reports Act 1988 (FTR Act). It is a comprehensive training program to understand the AML/CTF in Australia.

There are five (5) topics in this course. On completion of each topic, there is one knowledge examination. The examination is based on the subject matter in the given topic. Each knowledge examination is open book and does not need to be supervised. You may have three (3) attempts. Only the grade from your final attempt will count. There are ten (10) multiple-choice questions in the knowledge examination for each topic. You require 80% (8 correct responses out of 10) in each topic to pass.

Yes, This program is offered by self study via our online learning portal, FEP Online. It provides you with online learning resources, online assessment and insightful tracking and reporting.

You can enrol anytime. Once enrolled, you have 8 weeks to complete the program.

On successful completion, participants will be awarded a Certificate of Attainment confirming that they have successfully completed The AML/CTF Program.

To get started, either
  • Purchase your course online. (If checking out for your team, you can add multiple courses to the cart.) OR
  • Contact Us to arrange an invoice
Please note: Online orders may take up to 1 business day to be processed and for you to receive your course login details.  
What is RG206?2023-04-21T07:53:53+10:00

Regulatory Guide 206 Credit licensing: Competence and training (RG 206)

Credit licensees must comply with the organisational competence obligation in s47(1)(f) of the National Consumer Credit protection Act 2009 (National Credit Act). Regulatory Guide 206 Credit licensing: Competence and training (RG 206) sets out the minimum expectations for demonstrating organisational competence.

What you need to do to comply will depend on the nature, scale and complexity of your business. However, Regulatory Guide 206 Credit licensing: Competence and training (RG 206) sets out our minimum expectations for demonstrating organisational competence.

You must also ensure that your representatives are adequately trained and competent to engage in the credit activities authorised by your licence: s47(1)(g).

ASIC generally expects you to determine what is appropriate initial and ongoing training for your representatives and to embed this in your recruitment and training systems.

Updated annually, our CPD is designed to enable Responsible Managers and Representatives of Australian Credit Licensees to meet their mandatory RG206 continuing training requirement. Our CPD that is structured, properly assessed and recorded.

Financial Education Professionals acknowledges the Traditional Owners of Country throughout Australia. We pay our respects to Elders past, present and emerging.