Anti-Money Laundering and Counter-Terrorism Financing
Equip your team to identify and prevent money laundering and terrorism financing and understand the importance of maintaining regulatory compliance and safeguarding the organisation against financial crimes.
Online course details
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Our Anti-Money Laundering course equips participants with critical skills to detect and prevent money laundering and terrorism financing. Participants will learn the appropriate channels for reporting suspicious activities. Through interactive scenarios and practical insights, the course clarifies the definitions and implications of anti-money laundering and counter-terrorism financing, highlighting the legal consequences for both individuals and organisations. This thorough approach ensures that participants are well-prepared to maintain compliance standards and effectively manage the complexities of financial regulations.
Course Overview
Course summary
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 impact any organisation which provides financial services and products or specific designated services.
Financial institutions are expected to comply with AML/CTF laws, make sure that clients are aware of these laws and guide people with them without prior active government orders.
Key modules
- What is money laundering?
- What is terrorism financing?
- Differences
- The law
- The AML/CTF compliance program
- Limited expectations
- Collection information
- Beneficial owners
- Customer due diligence
- Reporting
- Penalties
- Keeping records
- What a reporting entity must do
- The activity-based approach
- The risk-based approach
- AML/CTF risk assessment
- Prescribed transaction reporting
Learning outcomes
By the end of this course, participants will be able to:
- understand what money laundering is;
- understand what counter-terrorism financing is; and
- explain their responsibilities under the law.
Legislation covered
Australia: Anti-Money Laundering and Counter-Terrorism Financing Act (2006)
New Zealand: Anti-Money Laundering and Countering Financing of Terrorism Act (2009)
Course formats
Structured Learning
Accelerated Learning
ShortBurst
Delivery options
Delivery options
SCORM-compliant file
Safetrac Platform
Enquire about this course for your organisation
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