Graduate Diploma of Anti-Money Laundering and Counter Terrorism Financing
- Face to Face
- Online Learning
ACFEC delivers FNS80115 Graduate Diploma of Anti-Money Laundering and Counter Terrorism Financing (AML/CTF) for individuals who apply advanced knowledge and skills in an AML/CTF compliance and management role.
Informed by international best practice and its domestic manifestations including the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth), Division 400 Schedule to the Criminal Code Act 1995 (Cth), Proceeds of Crime Act 2002 (Cth) and other relevant legislations including Financial Transaction Reports Act 1998 (1998), market participants have responsibilities including establishing and maintaining an AML/CTF program, providing reports to AUSTRAC, retaining records and undertaking customer due diligence.
The program is suitable for persons working within financial institutions and government organisations. It is designed to facilitate cognitive and creative skills to review, critically analyse, consolidate and synthesise knowldge, in order to generate ideas and provide solutions to complex problems.
This qualification (FNS80115 Graduate Diploma of Anti-Money Laundering and counter Terrorism Financing) consists of the following 6 core units and chosen 2 elective units that are relevant to the clients' work outcome and local industry needs.
FNSAML801 Design an anti-money and counter terrorism financing program
FNSAML802 Design and assess controls to monitor money-laundering and terrorism financing risk
FNSAML803 Design and monitor a reporting system for suspicious transactions
FNSAML804 Design customer due diligence policies and procedures
FNSAML805 Manage assessment of organisational vulnerability to money laundering and terrorism financing
FNSAML806 Implement an anti-money and counter terrorism financing program
BSBMGT802 Lead design and review of enterprise systems
BSBPMG803 Manage and review portfolio performance
BSBPMG805 Lead the portfolio
BSBPMG806 Manage portfolio communications and change
BSBPMG808 Manage portfolio risk
FNSINC801 Lead compliance with financial services legislation and industry codes of practice
FNSINC802 Develop and build effective relationships with regulators and industry bodies
ACFEC applies a risk-based approach to determine the risks of an assessment tool. Assessment tools include:
- practical exercises
- 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)