Anti-Money Laundering and Counter-Terrorism Financing - CPD Course
PLEASE NOTE: THIS IS A CPD COURSE ONLY. IF YOU ARE SEEKING THIS COURSE FOR FBAA MEMBERSHIP THIS IS NOT THE CORRECT COURSE.
This CPD course explains the AML/CTF Act and the obligations of reporting entities.
The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) was passed on 12 December 2006.
The AML/CTF Act forms part of a legislative package which implemented the first tranche of reforms to strengthen Australia's AML/CTF regulatory regime.
The purpose of the reforms is to:
• Prevent and detect money laundering and terrorism financing by providing law enforcement agencies with targeted information about possible criminal activity
• Enable Australia's financial sector to maintain international relationships
• Bring Australia into line with international standards, including standards set by the Financial Action Task Force (FATF)
The AML/CTF Act was implemented in a staggered manner from 2006 to allow industry to develop necessary systems in the most cost efficient way. All provisions of the AML/CTF Act became fully operational from 12 December 2008.
Latest Reviews for Anti-Money Laundering and Counter-Terrorism Financing - CPD Course
good course, easy to understand
Nicholas New South Wales
Brian South Australia