This course will give you the knowledge and skills to identify the risks of financial services businesses being unwittingly involved in money laundering and/or terrorism financing and to prepare or update an AML/CTF program for the purposes of complying with obligations under the Anti-Money Laundering and Counter-Terrorism Finance Act (Cth) ( AML/CTF Act ).
At the conclusion of this workshop, participants should be able to:
- explain the purpose of the AML/CTF Act;
- explain the role of AUSTRAC;
- explain legal requirements around AML/CTF activities;
- describe and explain the framework of an effective risk management process; and
- explain the essential features of an AML/CTF risk management program.
If you would like to obtain further information on AML/CTF Training and education please contact Sophie Grace directly.
Related Content
AML/CTF Program
These AML/CTF Programs include a complete AML/CTF Policy that is easily customisable to your business. The policy document outlines policies and procedures to ensure that your business can best identify, mitiga
Do I need to Comply?
If you operate a financial services business in Australia that falls within the definition of a Reporting Entity in Part 1 Section 5 of the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act yo
AML/CTF Ongoing Requirements
Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) reporting entities have a variety of obligations which need to be documented and adhered to in order to ensure you are compliant. We can assist
AML/CTF Programs
An AUSTRAC Reporting Entity is required by the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act 2006 to adopt and maintain procedural documentation to address the obligations imposed by the A
AML/CTF External Compliance Review
The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) places a number of obligations on businesses in the financial sector in order to deter and prevent money laundering and terroris
Remittance and Money Transfer Providers
There are a number of ongoing requirement and obligations which remittance and Money Transfer Providers face when running their businesses. We have summarised some of the requirements for running your remitt
Digital Currency Exchange Providers
AUSTRAC commenced its regulation on digital currency exchange businesses on 3 April 2018. We have summarised some of the requirements for running your digital currency exchange business in a compliant manner b
