This online 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, and foreshadow the inclusion of digital currency exchange providers in the AML/CTF regime from mid-2018.
The AML / CTF regime in Australia (anti-money laundering and counter-terrorism financing) 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 Government seeks 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 AML/CTF course topics are:
Topic 1 Introduction to the AML/CTF Act
Topic 2 About AML/CTF programs
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
On successful completion, participants will be awarded a Certificate of Attainment confirming that they have successfully completed The AML/CTF Course.
Please contact us for a detailed course outline or for further information.