This course explains what money laundering and terrorism financing is and the regulatory requirements and includes a practical workshop to help you develop your risk-based AML/CTF program.
It 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) (“the Act”).
Currently, this course is not a public seminar course. Rather, it aims to provide staff of an organisation with a relevant and practical course tailored to the organisation's specific circumstances.
Learning outcomes:
At the conclusion of this workshop, participants should be able to:
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explain the purpose of the Act;
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explain the role of AUSTRAC;
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describe the legal requirements applicable to financial services providers AML/CTF activities;
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describe and explain the framework of an effective risk management process; and
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explain the essential features of an AML/CTF risk management program.
Templates for Part A and Part B AML/CTF programs
Kick start your AML/CTF programs by purchasing our templates.
AML legal assistance
The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 imposes a raft of obligations on businesses in the financial services sector and beyond. We can help.
Our associated law firm, Holley Nethercote Commercial & Financial Services Lawyers can assist in advising you as to your obligations, if any, under the new Anti-Money Laundering regime.
AML regulatory updates
We also offer tailored Regulatory Updates that include updates in relation to AML/CTF changes.
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