“Safetrac’s customised content to suit the Diocese has provided us an integral tool for our organisation to upskill our personnel in safeguarding. The software is comprehensive and has been very well received by personnel of different skill levels in online learning. We have found the Safetrac’s team to be responsive, courteous and very helpful. There is always someone available to support our needs.”
$165.00 inc GST
At a glance
5-45 minutes online
Anti-Money Laundering and Counter-Terrorism Financing Act (2006) (Australia)
Financial services personnel
Available in Australian content format
Structured iDesigned for learners with little prior knowledge, this course type takes the learner through the course subject sequentially – one step at a time., Accelerated iThis course type is designed for learners with prior knowledge, giving learners more ability to self-direct how they engage with the full course content. Using scenarios with voice-overs, tests within the course, and a ‘Learn More’ option, learners can engage the course on any smartphone, tablet, or PC. and ShortBurst iLearners who need a quick summary of a specific area of compliance.
About this course
The International Monetary Fund (IMF) and the World Bank estimate that around 3-5% of global GDP, or around $3 trillion, is laundered worldwide every year.
Anti-Money Laundering and Counter Terrorism Financing (AML/CTF) laws and regulations are there to tackle money laundering and the financing of terrorism. They also target activities that include market manipulation, trade of illegal goods, corruption and evasion of tax, as well as all activities that aim to conceal these deeds.
On completing this course, learners should be able to:
- understand what money laundering is;
- understand what counter-terrorism financing is; and
- explain their responsibilities under the law.
- What is money laundering?
- What is terrorism financing?
- Depending on the jurisdiction, topics covering:
- The law
- The AML/CTF compliance program
- Limited expectations
- Collection information
- Beneficial owners
- Customer due diligence
- Keeping records
- What a reporting entity must do
- The activity-based approach
- The risk-based approach
- AML/CTF risk assessment
- Prescribed transaction reporting
This Safetrac course has been built by qualified experienced lawyers.
Take the next step
We can provide trial access to preview this course. Enquire today about training your organisation with Safetrac.
To train yourself, the cost of this course is
If you want to train your business or do more than one course, please enquire via the ‘Multiple users’ option above. Rates reduce when training multiple users.