The AML Rules require reporting entities to develop a risk awareness training program for employees.

Sophie Grace can provide training in the following areas:

  • Definition of money laundering and terrorism financing
  • The applicable regulatory requirements
  • Risk identification and management.

Training sessions are tailored to suit the requirements of your business.  At the end of this training, participants will be able to:

  • Explain the purpose of the AML/CTF Act
  • Explain the role of AUSTRAC
  • Explain the legal requirements around AML/CTF activities
  • Describe and explain the framework of an effective risk management process
  • Describe the consequences of non-compliance with the AML/CTF Act and Rules
  • Explain the essential features of an AML/CTF Program

If you would like further information of assistance, please contact Sophie Grace directly.