eCompliance

AML / Financial Crime

Anti-Money Laundering and Counter-Terrorism Financing for Employees (AML/CTF)

Provide employees with the skills to detect and prevent money laundering and terrorism financing, while emphasising the importance of regulatory compliance and organisational protection against financial crime.

The short answer

Anti-Money Laundering and Counter-Terrorism Financing for Employees (AML/CTF) training is for employees only, and it exists because of Anti-Money Laundering and Counter-Terrorism Financing Act (2006/2009). It runs online in about 35 to 40 minutes, or 20 to 30 minutes in the accelerated version. Run it off the shelf as it is, or have Hungry Minds rebuild it around your own policies and scenarios.

Is this the right one?

This is the version for employees only. The closely related courses are:

Course details reviewed

About this course

The International Monetary Fund (IMF) and the World Bank estimate that around 3-5% of global GDP, or around $3 trillion, is laundered worldwide every year.

Anti-Money Laundering and Counter Terrorism Financing (AML/CTF) laws and regulations impact any organisation which provides financial services and products or specific designated services.

Financial institutions are expected to comply with AML/CTF laws, make sure that clients are aware of these laws and guide people with them without prior active government orders.

What the course covers

  • AML/CTF Basics
  • The Law
  • Financial Crime
  • Why It Matters
  • Designated Services
  • Your Role
  • Customer Checks
  • Reporting
  • Tipping-Off
  • Record Keeping

What people can do afterwards

By the end of the course, participants will be able to:

  • understand what money laundering is;
  • understand what counter-terrorism financing is; and
  • explain their responsibilities under the law.

How it is delivered

  • Structured learning Designed for learners who are new to the topic or want a comprehensive overview. The course explores the subject in detail and typically takes 35–40 minutes to complete.
  • Accelerated learning Allows learners who understand the topic to proceed quickly through the course in 20-30 minutes. OR ShortBurst learning – Quick summaries of specific compliance areas, available in office-based and field-based formats, each lasting 5 minutes.
  • ShortBurst learning Quick summaries of specific compliance areas, available in office-based and field-based formats, each lasting 5 minutes.

Two ways to run it

  • Your policies, your scenarios

    We rebuild “Anti-Money Laundering and Counter-Terrorism Financing for Employees (AML/CTF)” 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

Either way, you can run it through our compliance platform or take it as a SCORM package for the LMS you already have.

What it costs

Off-the-shelf pricing starts at $4,000 a year for up to ten courses with your logo and colours applied, rising with how much you want changed. The tiers are the same across the catalogue, so they are set out once on the pricing page rather than repeated on all 101 courses.

If what you actually need is your own scenarios and your own policies rather than a reskin, that is a custom build, and it is the work Hungry Minds does.

Choosing an LMS

If you don’t currently have an LMS, we can help you select a platform that suits your organisation.

For smaller teams or organisations getting started, we typically recommend LearnWorlds for its ease of use and quick setup.For organisations requiring more advanced functionality and reporting, TalentLMS is a strong option.

Learn more:LearnWorlds TalentLMS

We may receive a commission if you sign up to an LMS we recommend. It does not change what we recommend.

Common questions

Who needs Anti-Money Laundering and Counter-Terrorism Financing for Employees (AML/CTF) training?

It is written for employees only in Australia and New Zealand. The obligation comes from Anti-Money Laundering and Counter-Terrorism Financing Act (2006/2009), so if that applies to your organisation, the people it covers need this training.

How long does the course take?

There are two versions. Structured learning takes about 35 to 40 minutes and suits people new to the topic. Accelerated learning takes 20 to 30 minutes for people who already know it and need a refresher.

What does the course cover?

Modules include: AML/CTF Basics · The Law · Financial Crime · Why It Matters · Designated Services · Your Role. There are 10 modules in total.

What will people be able to do afterwards?

By the end, participants can understand what money laundering is;; understand what counter-terrorism financing is; and; explain their responsibilities under the law.

How often does it need to be repeated?

There is no universal interval. Most Australian organisations run compliance training annually, with a shorter refresher at induction and after any policy change. Your own risk assessment and any regulator guidance set the actual cadence. We cover how to decide this properly.

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