Online Training – Anti-Money Laundering and CounterTerrorism Financing (AML/CTF) – All Staff – Australia
Course overview The Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) All Staff Training course for Australia, has been designed by subject matter experts to provide employees with an overview of money laundering and terrorism financing risks that your business might typically face. All courses have been developed using the latest e-learning authoring tools and are informative, interactive and engaging – at the end of each module there is a ‘quick test’ and at the end of the course there is a learning assessment to test what you have learned.
Target audience As this course is designed as an introduction to anti-money laundering and counter terrorism financing, the target audience includes professionals working across a range of financial and nonfinancial business sectors and all types of job functions.
Course content Module 1 – Introduction Module 2 – Overview of money laundering and terrorism financing Module 3 – Placement techniques Module 4 – Layering techniques Module 5 – Integration techniques Module 6 – Summary of the AML/CTF Act 2006 Module 7 – Red flags Module 8 – Potential consequences of non-compliance Learning assessment
Pricing Courses are available for $200 for members or $250 for non-members. Discounts are available for corporate licenses and courses can be customised to suit specific requirements. Access this and other courses on the following link - http://elearn.financialcrimesconsulting.com/
Detailed Course Outline Module 1: Introduction Module 2: Overview and background to money laundering and terrorism financing What is money laundering and terrorism financing? What is the size of the money laundering and terrorism-financing problem? AML/CTF legislation in Australia Chronology of major advances in AML/CTF legislation Global and local landscape of AML/CTF oversight Money laundering and terrorism financing in the media Why do criminals launder money? What are the consequences of money laundering? Introduction to money laundering techniques Module 3: Money Laundering Techniques - Placement Overview of the placement phase of the money laundering process Smurfing of cash deposits and structuring Wire transfers Alternative remittances Asset conversion Bulk movement Gambling Module 4: Money Laundering Techniques - Layering Overview of the layering phase of the money laundering process Electronic funds transfers Offshore banks Shell corporations Trusts Third party intermediaries Module 5: Money Laundering Techniques - Integration Overview of the integration phase of the money laundering process Credit, debit and pre-paid cards Buying and selling assets Transfer pricing Combining legal and illicit cash flows Import and export businesses Module 6: Summary of the AML/CTF Act 2006 Part A – Program Governance Part B – Customer Identification Program Overview of reporting obligations Module 7: Red Flags Typical red flags for account opening Typical red flags for transaction monitoring Other red flags Module 8: Potential consequences of non-compliance Potential consequences of non-compliance Formal warnings, enforceable undertakings and injunctions Financial and civil penalties Reputation damage Learning Assessment