AML/CTF Training for Accountants

Australian accounting practices now have anti-money laundering obligations. Whether you run a one partner firm or a national practice, the people doing the work need to understand what those obligations mean day to day. This training was built for them, by AML/CTF practitioners who do this work for a living.

What the obligations mean for your practice

Accounting practices are among the businesses newly brought into Australia's AML/CTF regime. If your firm provides services such as forming companies and trusts, managing client money, acting on the buying or selling of a business, or acting on property transactions, you are likely to have obligations.

Those obligations are not only a partner's problem. Your firm needs a risk assessment, a program setting out your AML/CTF policies, and the people delivering those services need to understand it: who your client really is, what you must check before you act, and what to do when something does not add up.

What your team needs to know

  • Identifying and verifying clients, including companies and trusts, and establishing who really owns and controls them.
  • Knowing when standard checks are not enough, and what to do about it.
  • Recognising the warning signs that show up in accounting work: unusual structures, unexplained wealth, a client reluctant to explain a transaction.
  • Understanding when and how to report, and the rules on not telling the client.
  • Knowing what to record, and why those records matter if your program is ever reviewed.

What’s in the training

Accountants - Core AML/CTF Modules

3 MODULES
$75
per learner, per year plus GST
  • Accountants - Module 1 - General Awareness Training
  • Accountants - Module 2 - Key AML/CTF Obligations
  • Accountants - Module 3 - Recognising and Responding to Suspicious Activity

Accountants - Core + Governance AML/CTF Modules

4 MODULES
$99
per learner, per year plus GST
  • Accountants - Module 1 - General Awareness Training
  • Accountants - Module 2 - Key AML/CTF Obligations
  • Accountants - Module 3 - Recognising and Responding to Suspicious Activity
  • Accountants - Module 4 - AML/CTF Obligations for Key Governance Roles

Counts towards your CPD

Completing this training may count towards your annual CPD, depending on your professional body's requirements. Every completion produces a record showing what was covered, what was asked and how each person answered.

How it works

Choose the number of training packs you need, including any governance packs for your AML/CTF Compliance Officers, AML ‘Senior Managers’ and members of your Governing Body. Assign them to your team and see at a glance who has completed their training and who still needs to finish, with reminders to keep everyone on track. Each completion generates a detailed record of the content covered, the questions asked and each person’s answers, ready to provide if your AML/CTF program is reviewed.

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