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Compliance Challenges

AML/CTF KYC - Compliance Challenge™


Description
Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) regime is a critical component in Australia’s defence against money laundering and serious and organised crime.

The Australian Transaction Reports and Analysis Centre (AUSTRAC) commissioned a Regulation Impact Statement (RIS) in 2014 on proposed changes to the AML/CTF Act. Its objective was to assess proposed amendments to enhance Australia’s AML/CTF customer due diligence (CDD) regime.

Your task is review the assessment of the proposed changes to the CDD regime (Option C: Regulatory Changes), which were implemented, and to answer the questions that relate to those compliance obligations.
Content
  • AML/CTF Compliance Challenge
Completion rules
  • All units must be completed
  • Leads to a certification with a duration: Forever