The AML/CTF Course – Casinos, pubs and clubs
A comprehensive course to understand the AML/CTF in Australia for Casinos, pubs and clubs
Our course provides an overview of the current AML/CTF regime in Australia, and includes coverage of the additional customer due diligence requirements that were introduced in 2014 as well as reforms that have been made in several areas since.
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.
Program Content
- Topic 1: Introduction to the AML/CTF Act
- Topic 2: AUSTRAC regulatory guidance and enforcement
- Topic 3: Part A of an AML/CTF program
- Topic 4: Part B of an AML/CTF program
- Topic 5: AML/CTF reporting and record-keeping.
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.
- How to explain AUSTRAC’s guidance on using documentation and electronic data to verify customers and managing discrepancies
- The requirements for a threshold transaction report (TTR), international funds transfer instructions report (IFTI) and suspicious matter report (SMR)
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.
