Anti-Money Laundering Regulatory Program - 3 days
Face to Face
This program’s objective is to support reporting entities (defined as a person who provides a designated service) in understanding and complying with their statutory obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. This 3-day program is suitable for persons working within the private sector, such as financial institutions and corporations.
This program consists of the following tiered intensive courses (3 days in total), and one or more modules can be enrolled in based on your needs:
Day 1. Introduction to Financial Crime and the Legislation
Day 1 provides an overview of financial crime (especially fraud and money laundering). It also reviews business structures as they are relevant to and used in the commission of financial crimes and predicate offences, which give rise to proceeds of crime in the case of money laundering.
Day 2. Obligations and duties under the AML framework
Day 2 introduces delegates to the international and domestic drivers for Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) responses and also provides an overview of the domestic law (including not only AML/CTF legislation but also proceeds of crime legislation and criminal money laundering and terrorism financing prohibitions).
Day 3. Designing and applying AML processes
Day 3 builds on the Introduction to Financial Crime and the Legislation and Obligations and duties under AML framework
courses by outlining the processes which are used to proactively identify and manage the risks of an organisation facilitating money laundering and/or terrorism financing.
ACFEC applies a risk-based approach to determine the risks of an assessment tool. Assessment tools include:
participation in a workplace simulated assessment activity
testing of underpinning knowledge through short answer questions, and
requests for learners to provide evidence of prior application of skills and pre-courses assignment (where required and requested by the client)