Learning
  • Smaller Text
  • Larger Text
  • Print

AML/CTF regulation and risk Program

The AML/CTF Regulation and Risk Program is a workplace focused program developed jointly by AFMA and the International Compliance Association (ICA). Based on the prestigious AML/CTF Graduate Program, the AML/CTF Regulation and Risk Program provides a practical and rigorous guide to the AML/CTF regulatory framework and examines the elements of the risk-based approach to identifying and managing ML/TF risks. Click here for a detailed overview.

Who is it for?

This foundation program is suitable for early to mid-career professionals working in financial institutions as well as those who work in partnership with financial institutions, e.g. regulators, policy makers or law enforcement. It provides individuals with the skills and knowledge to undertake AML/CTF responsibilities effectively.

This program may also be suitable for individuals who are currently ineligible to complete the AML/CTF Graduate Program, but may wish to complete the full Graduate Program in the future (see page 3 of the program brochure for more information) 

How do you undertake the program?

Application, enrolment and course dates

The AML/CTF Regulation and Risk Program is designed for individuals working in financial markets who wish to fast track their career in AML/CTF. Individuals with relevant experience in finance, e.g. banking or compliance, are encouraged to apply. Relevant experience is not restricted to experience in AML/CTF compliance. For example applicants with substantial experience in operations or risk management are eligible. There are three pathways for entrance into the program:

  • 3 years of recent relevant workplace experience. Remember, relevant experience includes a broad range of roles and responsibilities in financial markets and financial services, e.g. dealing and sales roles
  • 18 months of recent relevant workplace experience and a diploma qualification (or equivalent), or
  • 6 months of recent relevant workplace experience and a bachelor degree, e.g. a bachelor of Commerce or a Bachelor of Arts.

If you are interested in enrolling, submit an Application for Admission Form, with an up-to-date resume and academic transcripts (if required).

For information about when the program will next run, please see our summary of program dates schedule.

Program requirements

The Program is completed via a combination of workshop attendance, self-study, online discussion and assessment.

For further detail on the program see the following:

What will you learn?

The Program is designed to give individuals wishing to build their career in financial crime a deep understanding of AML/CTF regulation and to equip them with the tools to strengthen their organisations against abuse by criminals. It offers:

  • A critical understanding of the international and domestic AML/CTF frameworks, and its application to current AML/CTF practice
  • A thorough grounding in risk methodologies for investigating vulnerabilities to ML/TF in products, services and procedures
  • Practical guidance to application of key AML/CTF principles through case studies, face-to-face workshop and real life scenarios
  • A pathway to completion of the AML/CTF Graduate Program (see page 3 of the program brochure for more information).

Duration

AFMA provides a maximum of 9 months to complete the full AML/CTF Regulation and Risk Program (from the date of initial registration).

It is important to note that AFMA has structured the module so that it should be completed in a time frame of 3-4 months.

What will you achieve?

Upon successful completion of the program students will achieve the following:

  • AFMA Postgraduate Certificate of AML/CTF Regulation and Risk
Currently this is not a nationally recognised qualification within the Australian Qualifications Framework.

  • ICA Advanced Certificate in AML/CTF Regulation and Risk
Awarded in association with Alliance Manchester Business School, The University of Manchester.

Dual qualification - breakdown of assessment requirements

If you successfully complete the AML/CTF Regulation and Risk Program you will be awarded two qualifications - Postgraduate Certificate of AML/CTF Regulation and Risk and the ICA Advanced Certificate of AML/CTF Regulation and Risk (awarded in association with Alliance Manchester Business School, The University of Manchester). Each of these qualifications has different assessment requirements.

AFMA awards the Postgraduate Certificate of AML/CTF Regulation and Risk upon successful completion of participation in online discussion forums, assessable workshop activities and the two skills assessments for each module.

The ICA awards the Advanced Certificate of AML/CTF Regulation, in association with Alliance Manchester Business School, The University of Manchester, upon successful completion of participation in online discussion forums, assessable workshop activities, the two skills assessments and the assignment for each module

More Information


For detailed information on the AML/CTF Regulation and Risk Program, please read the information below.