The financial sector is at risk from criminal abuse. Criminal activity relies on concealing and laundering illicit financial flows. Countering money laundering and terrorism financing (ML/TF) contributes to a safer and more secure Australia. However, the task is made harder by a rapidly evolving financial sector. Globalization continues to expand and complicate financial flows, and exponential change in technology makes predicting the future payments landscape difficult. New entrants and new value exchange models will continue to require new approaches. The fast moving environment brings challenges. It also brings the opportunity for a new collaborative relationship with the financial sector, and domestic and international partners, to protect the integrity of the future financial system.

The Advance course on AMLACFT is the extension from the Basic/Fundamental of AMLACFT that participants have attended previously. The advance course will cover more globally on the AMLACFT, latest changes to the AMLACFT Act, International AMLACFT, Risk Based Approach to AMLACFT, Duties and Responsibilities of the relevant authority in the bank, Designing a comprehensive AMLACFT Framework, Dealing with Authorities, Building an effective culture and maintaining a high level of awareness among all level of staff and AMLACFT is sensitive areas of the bank. Advance course is more application than theory.

• Exposed to International scene of AMLACFT compliance and practices
• AMLCFT in reality practices
• Design a comprehensive AMLACFT Framework in their respective workplace
• Acquire skills in handling customers diligently and AMLACFT authorities
• Learn the patterns in AMLACFT money trail – transaction monitoring and filtering process of customer’s transaction
• Learn some tactful questioning techniques
• Managing risk using the risk based approach to AMLACFT
• Gain new knowledge on the latest development (Sanctions, CDD) and on Legal and regulatory framework on AMLACFT and global outlook of AMLACFT

1 day Advance Anti-Money Laundering & Counter Financing Terrorism

• Module 1: Hot Topics in International AMLACFT Strategies and Implementation
• Module 2: Key concepts on AMLACFT offences & Sanctions
• Module 3: Global understanding the stages of Terrorist Financing
• Module 4: Risk Based Approach – Analytics on the patterns, monitoring transactions and filtering process, questioning techniques on customers transactions and meeting authority guidelines.
• Module 5: Risk Based Approach to AMLACFT –
• Module 6: Designing a comprehensive AMLACFT framework within the operational division
• Module 7: Compliance: Latest development on global AMLACFT – tax evasion crimes, sanctions, legal and regulatory framework

• All Banking Personnel
• New bankers
• Treasury and support functions