This training module is designed to provide learners with an overview of anti-money laundering and counter-terrorism financing measures implemented into Australian law.
Section One discusses common methods of money laundering and terrorism financing, as well as the negative impacts of these activities.
Section two discusses the responsibilities of Australian reporting entities under Australia’s Anti-Money Laundering and Counter-Terrorism Financing Act 2019.
Section three details the background on the Anti-Money Laundering and Counter-Terrorism Financing and Other Legislation Amendment Bill 2019, and the key changes that are implemented in the new Act particularly with regard to customer identification procedures, correspondent banking relationships, tipping off offences, access to information, and cross-border movements of money.
COURSE DELIVERY OPTIONS:
Online
COURSE REQUIREMENTS:
For the online delivery option, you will need to have access to a computer with an internet connection.
COURSE DURATION:
Your enrolment is valid for a period of twelve months.
ASSESSMENTS:
3 online multi-choice assessment
ADDITIONAL INFORMATION:
CPD Hours – 3
FASEA CPD AREAS:
- Technical Competence: 0.5 hour (30 minutes)
- Client Care and Practice: 1 hour (60 minutes)
- Regulatory Compliance and Consumer Protection: 1 hour (60 minutes)
- Professionalism and Ethics: 0.5 hour (30 minutes)
