Overview of AML/CTF In Australia

Overview of AML/CTF In Australia

The economic and social consequences of money laundering and terrorism financing are extremely large, with many countries, including Australia, devoting considerable resources to combating them.

Whether your organisation has ML/TF exposures or is a customer of an organisation that does, this course offers insights into related risks and know your customer obligations that you or others you deal with need to monitor and comply with.

We offer three tiers of training covering AML/CTF. Learn More.

About our Overview of AML/CTF In Australia course

Our Overview of AML/CTF course covers:

  • AML/CTF concepts: What money laundering and terrorism financing are, and the associated activities that motivate or facilitate them.
  • About AUSTRAC: AUSTRAC as Australia’s anti-money laundering and counter-terrorism financing regulator and specialist financial intelligence unit, Australia’s cooperation in international AML/CTF initiatives, FATF Recommendations.
  • AML/CTF law refresher: Overview of the AML/CTF Act and AML/CTF Rules, what is a ‘designated service’, designated services regulated under the AML/CTF regime such as financial services, bullion, gambling, remittance services, and digital currency exchanges, what is a ‘reporting entity’, and
  • AML/CTF compliance: Overview of counter measures against money laundering, AML/CTF Programs, ML/TF risk assessment and controls, AML/CTF program oversight and management, AML/CTF risk awareness training programs for employees, initial, enhanced, and ongoing customer due diligence, AUSTRAC’s enforcement powers and supervisory approach, case studies.

Who is this course for?

  • Frontline teams and advisers required to comply with AML/CTF regulatory requirements
  • Essential professional development for specialist AML/Financial Crime teams and AML/CTF advisers
  • Refresher training for compliance consultants, auditors, and professional services firms

Program Content

  • AML/CTF concepts
  • About AUSTRAC
  • AML/CTF law refresher
  • AML/CTF compliance

Learning Outcomes

What you will learn

  • AML/CTF Act and Rules applicable in Australia from 31 March 2026
  • AUSTRAC’s strategic priorities and supervisory approach, including analysis of recent enforcement activity
  • Overview of designated services regulated under the AML/CTF regime
  • Overview of counter measures against money laundering
  • ML/TF risk assessment and controls
  • AML/CTF program oversight and management

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 Completion stating topic details and CPD points earnt, including applicable knowledge area/s.

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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.)

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.