FBAA Anti-Money Laundering and Counter-Terrorism Financing
This training module is designed to keep your knowledge and training up-to-date to assist with your compliance with Australia’s efforts to counter money laundering, the financing of terrorism and the enforcement of International or Australian sanctions and other counter-measures.
Description
Requirement for new FBAA membership
Welcome to the Finance Brokers Association of Australia's Anti-Money Laundering and Counter-Terrorism Financing-learning course including AML.
This training program is designed to provide you with an overview of anti-money laundering and countering of the financing of terrorism. The "Anti-Money Laundering" sections describe the legal obligations of financial institutions and other regulated entities to prevent or report money laundering activities. The Counter-Terrorism Financing sections describe the legal obligations of financial institutions, other regulated entities and residents of Australia to prevent, report and interdict the financing of terrorists, terrorist organisations and terrorism events.
FBAA 101 - Introduction to Anti Money Laundering and Counter Terrorism Financing
Learning Outcomes
Define money laundering
Define the three stages of money laundering
Identify the principle sources of money laundering
Discuss why criminals launder money
Describe the effect of money laundering on our society, including the impact of the financing of terrorism
Identify and act upon typical high risk customers
Identify and act upon suspect transactions
Assist in the prevention of money laundering and terrorist financing.
FBAA 102 - Anti-Money Laundering and Counter-Terrorism Financing for Finance Brokers
Learning Outcomes
Identify the relevant laws and rules relating to Anti-Money Laundering and Counter-Terrorism Financing
Explain, in general terms, the obligations that result from those laws and the procedures that businesses must put in place to comply with them
Conduct an identification and verification procedure for a variety of customer types including individuals and trusts
Be aware of the need to report suspicious matters
Identify record-keeping requirements
Describe, in general terms, the offences under relevant laws
For CURRENT FBAA Members
For NON-FBAA Members
Like to sign up for this course? Reach out to our team at info@fbaa.com.au who can help you with this process.