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Anti-Money Laundering Australia-fbaa compliance fundamentals training nov18v1

FBAA Compliance Fundamentals Training
Requirement for new FBAA membership

This course is for NEW to industry members of the Finance Brokers Association of Australia (FBAA) covering key educational areas required for finance brokers to act in the best interests of their client, whilst protecting themselves and their client.

The four modules focus on duty of care, best practice and ethical conduct. To obtain the FBAA member discount for this course you must first contact and join the FBAA.

Once you have obtained the coupon code return to our site and enrol by selecting the ENROL NOW button at the top right hand corner.

 

RRP $434.30 FBAA members: $198.00 (includes GST) with discount coupon

To receive the discounted FBAA course price, you will need to enter the unique coupon code provided to you by the FBAA when finalising your course payment. This coupon code will reduce your course fee if you are eligible to receive the discount. Please also enter the FBAA as your Primary Association along with your Membership number during the registration process. If you are an existing AAMC Training Member, please ensure you update your AAMC Training student record with the FBAA Association as your Primary Association along with your Membership number.
 

How to enrol and complete your course – New to AAMC video file How to enrol and complete your course – New to AAMC

How to enrol and complete your Course – Existing AAMC member video file How to enrol and complete your Course – Existing AAMC member

 

TOPICS COVERED: 

FBAA Code of conduct - 1 hour 

The Finance Brokers Association of Australia Limited (FBAA) Code of Practice is intended to promote good relations between FBAA Finance Broker members, their clients, credit providers and others involved in the finance industry. The code covers 10 principals and objectives to ensure that members provide good standards of practice that are imperative to act ethically and responsibly when dealing with clients.

FBAA Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) - 2 hours
This course provides an overview of anti-money laundering and counter terrorism financing. The “Anti-Money Laundering” section describes the legal obligations of financial institutions and other regulated entities to prevent or report money laundering activities. The Counter-Terrorism Financing section describes the legal obligations of financial institutions, other regulated entities and residents of Australia to prevent, report and interdict the financing of terrorists, terrorist organisations and terrorism events.

Australian Privacy Act - 3 hours
This module covers the 13 Australian Privacy Principles which set out the standards, rights and obligations for the handling, holding, use, access and correction of personal and sensitive information.

Credit Fraud Awareness - 2 hours
The cost of fraud in Australia can add up to millions of dollars, as well as negative press and enforcement actions. Therefore, it’s imperative to be more diligent and look for inconsistencies in credit application supporting documentation. This module covers key topics such as; the common fraud types, fraudulent non-disclosure, ways to manage fraud in your business, the impacts of fraud and ways to protect your company and yourself from fraud.

 

PLEASE NOTE: Financial Abuse Awareness Education is also a requirement for new members. If you have already done this course with another provider, please provide the FBAA with a copy of your certificate. If not, click on the link to this course to add to your cart now, free of charge.

There will be a multiple-choice assessment and you will receive 0.5 CPD hours additional to the below.

 

COURSE REQUIREMENTS:  For online delivery you will need to have access to a computer with an internet connection.

 

COURSE DURATION:  Your enrolment is valid for a period of twelve months.

 

ASSESSMENTS:  6 x multiple-choice assessment

 

ADDITIONAL INFORMATION:  CPD Hours - 8

 

Enrol Now

Student Info – AAMC Training Policies

Do you qualify for Credit Transfer /RPL

Contacts

  • Unit 6, 421 Blackshaws Road,
    Altona North, Victoria 3025

    Phone: 1300 2262 33
               1300 AAMC ED
               +61 3 9391 3643
               +61 8 9344 4088

    Email: info@aamctraining.edu.au

System Requirements

  • What computer and software will be needed?
    • Windows XP or Linux based computer with internet connection.
    •  Internet Explorer 8.0 and above OR Mozilla Firefox
    •  Quick Time Player 4 and above
    •  Acrobat reader 6 and above
    •  Adobe Flash Player
    Download speeds
    •  Min 2 Mbps or above speed is required for running video