Anti-money laundering and counter-terrorism financing are critical components of Australia’s financial security framework.

This comprehensive course is designed to provide learners with an in-depth understanding of the measures implemented into Australian law to combat money laundering and terrorism financing. Participants will explore common methods of money laundering and terrorism financing, the responsibilities of Australian reporting entities under the Anti-Money Laundering and Counter-Terrorism Financing Act 2019, and the key changes introduced by the Anti-Money Laundering and Counter-Terrorism Financing and Other Legislation Amendment Bill 2019.

By the end of this course, learners will be equipped with the knowledge to define money laundering and terrorism financing, understand the three stages of the money laundering process, recognise common methods of terrorism financing, and comprehend the core obligations placed on reporting entities by AUSTRAC.

Key Learning Objectives:

• Define money laundering and terrorism financing.
• Understand the three stages of the money laundering process.
• Recognise common methods of terrorism financing.
• Define key characteristics of an AML/CTF system.
• Understand the core obligations placed on a reporting entity by AUSTRAC.

Course Content:

• Introduction to Anti-Money Laundering and Counter-Terrorism Financing
• Common Methods of Money Laundering and Terrorism Financing
• Responsibilities of Australian Reporting Entities
• Key Changes in the AML/CTF Legislation
• Practical Applications and Case Studies

Who Should Enrol:

This course is ideal for professionals in the financial sector, compliance officers, legal advisors, and anyone interested in understanding the intricacies of anti-money laundering and counter-terrorism financing measures in Australia.