AML/CTF regulation in Australia

About AML/CTF in Australia

Financial services organisations play a vital role in Australia’s AML/CTF framework – they’re at the frontline of actions to interrupt the work of criminals who want to use financial systems for money laundering or terrorism financing. AUSTRAC aims to build resilience in the financial system and use financial intelligence and regulation to disrupt money laundering, terrorism financing and other serious crime.

We offer three tiers of training covering AML/CTF. Learn More.

About our AML/CTF regulation in Australia module

Our AML/CTF regulation in Australia module is part of our regulatory compliance and conduct learning. Contextualised for Financial Services and whole of organisation training.

In this module we explore legislative frameworks that guides financial institutions and their work to prevent money laundering and terrorism financing, as well as the steps you can take to support these activities.

You should give all your relevant employees regular AML/CTF risk awareness training, including board members, directors, operational staff, contractors and consultants who are involved in providing designated services to your customers, in line with your ML/TF risk assessment. AUSTRAC Employee AML/CTF risk awareness training.

This module will help you understand the importance of some of the reports and actions you must consider in your work.

The relevant laws and regulations governing these requirements are:

Program Content

Learning Outcomes

  • Explain what money laundering and counter-terrorism financing are
  • Identify the regulatory instruments and the regulatory body in charge of managing Australia’s response to AML/CTF
  • Outline your responsibilities to identify your customers
  • Explain your responsibility to monitor and report on transactions.

What you will learn

Who is this course for?

  • Any financial representatives who must be trained to adhere to financial services-specific regulation and industry codes with respect to conduct.

Units of Competency

Pre-requisite

Recognition of Prior Learning

Certification

Explore our General Compliance Training

A simple enterprise-wide solution for a complex world of regulation.

Download Brochure

Frequently Asked Questions

Corporate Solutions Request a quote for your team. OR
Purchase online: Three easy steps to get your team started.
  1. Visit our Shop Page and select General Compliance
  2. Select your courses to meet you and your team's general obligations
  3. Add the required number of courses to your cart
  We will request participants name and email. Once confirmed, we will enrol your team and they can begin their training.

Our general corporate compliance training contains a suite of engaging online modules designed to make employees aware of their responsibilities and feel empowered to uphold the conduct and regulatory standards applicable to their organisation. A general compliance module – refers to a corporate e-learning course designed to meet specified organisational, legislative and/or conduct requirements.  

The team at FEP understands that effective compliance training is not just about delivering regulatory content; it's about creating learning that is engaging, relevant and impactful for organisations and their employees. We design training experiences that resonate with individuals, ensuring they gain practical knowledge and skills that are immediately applicable to their roles.
What is RG206?2023-04-21T07:53:53+10:00

Regulatory Guide 206 Credit licensing: Competence and training (RG 206)

Credit licensees must comply with the organisational competence obligation in s47(1)(f) of the National Consumer Credit protection Act 2009 (National Credit Act). Regulatory Guide 206 Credit licensing: Competence and training (RG 206) sets out the minimum expectations for demonstrating organisational competence.

What you need to do to comply will depend on the nature, scale and complexity of your business. However, Regulatory Guide 206 Credit licensing: Competence and training (RG 206) sets out our minimum expectations for demonstrating organisational competence.

You must also ensure that your representatives are adequately trained and competent to engage in the credit activities authorised by your licence: s47(1)(g).

ASIC generally expects you to determine what is appropriate initial and ongoing training for your representatives and to embed this in your recruitment and training systems.

Updated annually, our CPD is designed to enable Responsible Managers and Representatives of Australian Credit Licensees to meet their mandatory RG206 continuing training requirement. Our CPD that is structured, properly assessed and recorded.

Financial Education Professionals acknowledges the Traditional Owners of Country throughout Australia. We pay our respects to Elders past, present and emerging.