eCompliance

Category

AML / Financial Crime

3 courses

Reporting entities carry the obligation under the AML/CTF Act, but it lands on the people who onboard customers, move money and notice when something does not add up. Training has to make the red flags recognisable in a real file, and make the escalation path obvious: who is told, how quickly, and what is never said to the customer. Awareness on its own will not satisfy AUSTRAC.

Which one do you need?

Businesses brought into the regime by the tranche 2 reforms (lawyers, accountants, real estate agents, conveyancers, dealers in precious metals and stones) should start with Anti-Money Laundering and Counter-Terrorism Financing for New Reporting Entities (AML/CTF), which covers enrolment and building a program from nothing. Established entities choose by audience. Anti-Money Laundering and Counter-Terrorism Financing for Employees (AML/CTF) suits frontline staff. The Employees and Leaders version adds the accountability layer for people who approve escalations and own the program.

Common questions

Who has to do AML/CTF training?

Every reporting entity has to give AML/CTF risk awareness training to staff whose work touches designated services. In practice that means frontline and customer-facing staff, the people who review transactions, and the managers who sign off escalations. Boards and senior management need enough of it to oversee the program properly.

How often should we retrain?

Most reporting entities run it annually and again whenever the program, the rules or the business model change materially. There is no single fixed interval in the legislation, so the frequency has to be defensible against your own risk assessment.

We were only recently captured by the reforms. Where do we start?

Enrol with AUSTRAC, get an AML/CTF program in place (AUSTRAC publishes starter programs for newly regulated sectors), then train staff against it. The New Reporting Entities course is built for that sequence rather than assuming you already have a compliance function.

Does completing a course make us compliant?

No. Training is one control among several. You still need a documented program, customer due diligence, transaction monitoring, reporting and independent evaluation. What training does is create the records showing your people were told what to look for.

Need this tailored to your organisation?

  • Your policies, your scenarios

    We rebuild compliance training around how your organisation actually works, so the training changes behaviour instead of recording completions.

    Build a custom version

  • Ready to run as it is

    Deploy the course off the shelf, with light branding if you want it. Delivered with our partner Safetrac, who will contact you directly.

    Deploy off the shelf