In Australia, there are two (2) governing legislations that must be complied with by Clubs and Hotels that provide designated services to their customers; these are the:

• Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act 2006; and
• Anti-Money Laundering and Counter-Terrorism Financing Rules (Instrument 2007 (No. 1).

The AML/CTF Act was established to assist in the combat of money laundering and financing of terrorism.  More than 14,000 individuals, businesses and organisations have compliance obligations under Anti-Money Laundering and Counter-Terrorism Financing legislation.  The legislation aims to protect businesses and the financial sector from criminal abuse. Reporting entities must provide AML/CTF risk awareness training to at-risk employees.  The contents of this course include:

• AML/CTF Legislation
• Money laundering concepts
• Terrorism financing concepts
• Suspicious and unusual matters
• Customer identification
• Ongoing customer due diligence (OCDD)
• Privacy
• Non-compliance.

Learning Objectives

After this course, participants will have an understanding of:

• The objectives of and the reason for the course
• The concepts of anti-money laundering and counter-terrorism financing
• Their obligations as employees involved in the provision of designated services
• The processes, policies, and procedures in place at the Venue relevant to the roles they perform.