AML/CTF Course

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

A comprehensive course to understand the AML/CTF in Australia

Our online AML/CTF Course provides comprehensive coverage of AUSTRAC, ML/TF risk management, customer due diligence, reporting and record keeping requirements under the AML/CTF Act or the FTR Act.

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).

AML law seeks to provide an effective legal framework designed to counter money laundering (ML) and terrorism financing (TF), and so contribute to a safer and more secure Australia. AUSTRAC’s vision is a financial system free from criminal abuse. Its purpose is to build resilience in the financial system and use financial intelligence and regulation to disrupt money laundering, terrorism financing, and other serious crime.

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?

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

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.

Our courses, CPD and qualifications are 100% online, so you can start anytime, anywhere.
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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.