Training. gov. au – fnsaml801 – design an anti-money laundering and counter terrorism financing program

This unit describes the skills and knowledge required to design and develop an organisation’s anti-money laundering and counter terrorism financing (AML/CTF) program to meet organisational goals and regulatory requirements. Integration money laundering It covers the research and analysis of requirements and the design and development of a new, redesigned or reconfigured AML/CTF program.

It applies to individuals who use specialised AML/CTF knowledge and skills to evaluate complex information and compliance requirements and apply to relevant tasks.

Money laundering and terrorist financing Individuals typically lead and review organisation wide activities, exercise significant autonomy, responsibility and accountability and contribute to the strategic goals and operations of the organisation. Money laundering documentary They review, critically analyse, consolidate and synthesise knowledge to generate ideas and provide solutions to complex problems.

1.1 Analyse legislative and regulatory requirements relevant to AML/CTF policy and practice including specific requirements of the National Privacy Principles

1.3 Analyse and assess the organisation’s AML/CTF program requirements and goals, considering the organisation’s nature, scale and complexity of business

1.6 Synthesise outcomes of research and analysis and brief relevant personnel on the implications of the findings for the organisation’s AML/CTF program

2.1 Review outcomes of research and design a program for a new, redesigned or reconfigured AML/CTF program in consultation with key personnel

2.2 Document a proposal for a new, redesigned or reconfigured AML/CTF program that includes consideration of resource allocations, assessment of risk and prioritised actions and timeframes

2.3 Present proposal for a new, redesigned or reconfigured AML/CTF program, advocate benefits and secure approval from senior management and/or the Board

3.2 Consult with stakeholders to seek input and feedback on new, redesigned or reconfigured AML/CTF program to ensure agreement and ownership

3.4 Designate responsibility and accountability in job roles and/or organisational sections for ensuring compliance with aspects of the AML/CTF program

This section describes language, literacy, numeracy and employment skills incorporated in the performance criteria that are required for competent performance.

• Participates in verbal exchanges using active listening and questioning techniques to convey information and elicit the views and opinions of key stakeholders

• Systematically gathers and analyses all relevant information, reviews data and evaluates options in order to inform decisions about complex organisational programs

Companion Volume implementation guides are found in VETNet –