FBAA Anti Money Laundering and Counter-Terrorism Financing Refresher Module

This course is a refresher module for the FBAA Anti-Money Laundering and Counter-Terrorism Financing Course. This program has a requirement to be completed every two years as part of FBAA’s existing membership requirements to maintain membership.

Welcome to the refresher module of the Finance Brokers Association of Australia’s Anti-Money Laundering and Counter-Terrorism Financing learning program including AML3.This training module is designed to keep your knowledge and training up-to-date to assist with your compliance with Australia’s efforts to counter money laundering, the financing of terrorism and the enforcement of international or Australian sanctions and other counter-measures.

Learning Outcomes

By the end of this module you will be able to:

• Explain the concept of money laundering.
• Understand the three stages of money laundering.
• Identify the principle sources of money laundering.
• Update your understanding of your legal obligations with regard to anti-money laundering, counter-terrorism financing and Australian sanctions and other counter-measures.
• Continue to undertake identification and verification procedures for your typical types of customers.
• Assist with on-going customer identification and re-verification and the monitoring of customers and their transactions.
• Identify and report suspicious matters.