Short Course – Anti-Money Laundering/Counter-Terrorism Financing
*FBAA approved covering AML3 requirements
The Anti-Money Laundering and Anti-Terrorism Financing course aims to assist in the prevention of money laundering and terrorist financing. The course examines the motivations behind money laundering and financing of terrorism and the sources of money laundering. The course explores the effect these activities have on people before defining the terms. The course examines means of identifying and acting upon suspect transactions including high risk customers. The course explores the relevant regulatory regime, including the obligations a finance or mortgage broker has with respect to them and related offences. The course describes the need to be aware of suspicious matters and to report them. The identification and verification procedure explored include individuals and trusts.
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|Course name:||eLearning Education||Workshop|
|Study Method: eLearning Education||Distance or self-paced learning allows you to start a course when it suits you best. Moreover, it provides you with the flexibility to continue with your other commitments in life, such as work, parenthood and your social life. BEST OF ALL, it gives you access to our Distance Education Team who can discuss concepts, conduct skill-based role plays and provide feedback on any assessments submitted.|
|Course Duration||The duration of the course will vary depending on each individual student and their prior experience and knowledge. 12 hours over a maximum of 2 months is the recommended timeframe for students.|
|Assessments||Multiple Choice Questions (MCQ). For more information on assessment process, click here|
Topics Covered Within this Course
> Explain the concept of money laundering
> Understand the three stages of money laundering
> Identify the principle sources of money laundering
> Update your understanding of your legal obligations with regard to anti-money laundering, counter-terrorism financing and Australian sanctions and other counter-measures
> Identify and report suspicious matter
> Reporting obligations
> Risk management policy
DISCLAIMER: IIT cannot guarantee successful completion of this course nor employment , as this is dependant on successful achievement of course assessments and IIT have no part in recruitment of external entities. This course is intended for training use only and IIT is not responsible for any issues or errors that occur within your business or employment role after completion of this course. While every endeavour has been taken to ensure that the information is correct, ever-changing legislation and law updates occur regularly, which means some aspects may not be applicable as you progress through certain requirements of the course.
Please contact us on 1300 88 33 46 for more information.