AML/CTF Regulation and Risk Program
The AML/CTF Regulation and Risk 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 tools to strengthen their organisations against abuse by criminals. Developed in partnership with the International Compliance Association (ICA) the program examines the core elements of the risk-based approach. Using typologies and case studies, it explores the ML vulnerability of financial products and services. 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.
To apply, please go to the following online application.
how do you undertake the program?
You will complete this program by:
- attending the mandatory 1-day workshop
- contributing to weekly discussion forums
- complete the self-study manual
- complete the assessment (see below)
You should expect to commit between 10 to 20 hours per week of study time, depending on your prior knowledge and experience. The module will take approximately 14 weeks to complete. You will be required to:
- prepare two skills assessments
- participate in the mandatory online discussion forums
- participate in assessable workshop activities
- research and write one academic assignment up to 3,500 words in length.
What will you learn?
The module will equip you to:
- apply advanced knowledge and skills in financial crime compliance and management roles
- exercise judgment to plan and implement a range of AML/CTF functions
- critically analyse the role of financial institutions in money laundering, terrorism financing and proliferation financing
- evaluate the key elements of the Australian AML/CTF framework
- assess the extent to which the Australian regime reflects international AML/CTF standards
- contribute to organisational compliance with domestic and international AML/CTF laws
- critically evaluate the principles underlying the risk-based approach
- Assess an organisation's vulnerability to money laundering and terrorism financing
- determine enhancements to AML/CTF systems to manage vulnerabilities of products, services and channels
- assess the impact of emerging trends in the financial services industry and apply to organisational AML/CTF systems and processes.
What will you achieve?
Upon successful completion of the program students will achieve the following:
- AFMA Postgraduate Certificate of AML/CTF Regulation and Risk
- ICA Advanced Certificate in AML/CTF Regulation and Risk
about the trainer
Michelle Watson, Consultant
Michelle has extensive experience in the development and delivery of training programs using her significant knowledge of AML/CTF.
Most recently she has worked as an AML/CTF designer, developer and facilitator, contributing to the development of a range of AML/CTF training packages. Michelle facilitates AML/CTF training involving participants from more than 130 countries in regions including Asia/Pacific, Middle East, Europe, Eurasia, Scandinavia, East and West Africa, the Caribbean and Australia.
Michelle has been an active member of the Egmont Training Working Group for over four years, both as a participant and in supporting the Chair of the Egmont Committee and the Chair of the Egmont Training Working Group. Developing the Egmont International Compliance Training Package, and through extensive consultation with Egmont member FIUs, she gained considerable expertise in the development and maintenance of a robust compliance program.