Money laundering lets criminal organisations hide the real source of illegally obtained money. Terrorism financing involves the collection or provision of funds with the intention of supporting terrorist activities or organisations. Businesses and their employees need to take reasonable steps to ensure they don't facilitate these processes, and to comply with anti-money laundering and counter-terrorism financing (AML/CTF) legislation. In this course, you'll learn what money laundering and terrorism financing involves and why it's important to comply with your organisation's AML/CTF program. You'll also learn how to meet customer due diligence requirements and how to identify and report suspicious activities that could indicate money laundering or terrorism financing.
This course was developed with subject matter support provided by the law firm of Jackson McDonald. Please note, however, that the course materials and content are for informational purposes only and do not constitute legal advice and may or may not reflect the most current legal developments. Nothing herein, or in the course materials, shall be construed as legal advice as to any particular situation or constitute a legal opinion with respect to compliance with legal statutes or statutory instruments. Jackson McDonald accepts no responsibility for their contents and the reliance on the contents is prohibited and at the user’s risk. Transmission of the information is not intended to create, and receipt does not constitute, a solicitor-client or attorney-client relationship. Readers should not act upon this information without seeking independent legal advice.
Australia Anti-Money Laundering