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Anti-money Laundering and Counter Terrorism Financing Act (G)


Description
This topic will help you gain a general understanding of the Anti-money Laundering and Counter Terrorism Financing Act (AML/CTF Act). The legislation is complex, so only key compliance matters are covered.

The module covers:
1. Overview
2. Key Obligations
3. Risk Profiling
4. Know Your Customer (KYC) Obligations
5. Product Risk - Finance
6. Suspicious Matters
7. Reporting Requirements
8. Record Retention
9. Staff Due Diligence Program
10. Governance Issues
11. Penalties

This topic considers the impact on the finance sector only, although the risk
framework is largely the same for all other businesses that must comply.
Content
  • Anti-money Laundering and Counter Terrorism Financing Act
  • AML/CTF Module Assessment
Completion rules
  • All units must be completed
  • Leads to a certification with a duration: Forever