eLearning | Virtual on-demand AML/CFT training
Our eLearning platform allows those training in AML/CFT to study from the comfort of their own home or office, with the luxury of completing course material in their own time. We currently have five open modules available. The open modules have been developed and designed by AML Solutions and covers the New Zealand AML/CFT legislation and Supervisor guidance.
View and sign up to our eLearning modules below.
Prof 1 – Introduction to AML/CFT
This training module is tailored specifically for Lawyers and Accountants and is the first module in our Professional series.
It serves as an excellent introduction into New Zealand’s AML/CFT legislation, the obligations for lawyers and accountants, relevant case studies, and complete with a competence test at the end.
Learners have 60 days to complete the module, can revisit it as many times as needed until they pass and receive a completion certificate.
- What is Money Laundering?
- Placement, Layering, and Integration
- Capture of Lawyers and Accountants
- Purpose of the Act
- Role of a Compliance Officer
- What is a Risk Assessment?
- What is a Compliance Programme?
- What is an Annual Report?
- What is an Audit?
Cost
The cost for this module is $45.00 plus GST.
Prof 2 – AML/CFT Compliance Programme
This training module is tailored specifically for Lawyers and Accountants and is the second module in our Professional series. It covers more detailed aspects of the obligations and Compliance Programme fundamentals, including Customer Due Diligence, Suspicious activity reporting, record keeping, and complete with a competence test at the end.
Learners have 60 days to complete the module, can revisit it as many times as needed until they pass and receive a completion certificate.
- Obligations under the Act
- AML/CFT Programme Fundamentals
- Staff Vetting and Training
- Standard Customer Due Diligence
- Customer Due Diligence – Beneficial Owner
- Enhanced Customer Due Diligence
- Simplified Customer Due Diligence
- Detecting Suspicious Activity
- Suspicious Activity Reporting
- Record Keeping
Cost
The cost for this module is $45.00 plus GST.
Module 1 – An Introduction to Anti-Money Laundering and Countering Financing of Terrorism
This module provides an overview of AML/CFT, complete with a competence test at the end.
Learners have 60 days to complete the module, can revisit it as many times as needed until they pass and receive a completion certificate.
- What is Money Laundering?
- Money Laundering case studies
- Purpose of the AML/CFT Act
- Role of a Compliance Officer
- What is a Risk Assessment?
- What is a Compliance Programme?
- What is an Annual Report?
- What is an Audit?
Cost
The cost for this module is $45.00 plus GST.
Module 2 – An introduction to AML/CFT Compliance
This module provides an overview of AML/CFT compliance, complete with a competence test at the end.
Learners have 60 days to complete the module, can revisit it as many times as needed until they pass and receive a completion certificate.
- Employee/Employer obligations under the Act
- Employee Vetting and Training
- Standard Customer Due Diligence
- Enhanced Customer Due Diligence
- Simplified Customer Due Diligence
- Detecting Suspicious Transactions
- Suspicious Transaction Reporting
- Record Keeping
Cost
The cost for this module is $45.00 plus GST.
Module 3 – Identification and management of suspicious transactions
This module is for learners with existing knowledge of AML/CFT.
The training covers the New Zealand legislation in relation to the identification and management of suspicious transactions.
Learners have 60 days to complete the module, can revisit it as many times as needed until they pass and receive a completion certificate.
- Key Obligations: The Legislation
- Key Obligations: The Guidance
- Key Obligations: Penalties and Offences
- Money Laundering Overview
- Suspicious Transaction Definitions
- Indicators or “Red Flags”
- Transaction Monitoring
- Tools for Frontline Staff
- Account Monitoring
Cost
The cost for this module is $45.00 plus GST.
Senior Management Training
This training is aimed at senior management who are not involved in day-to-day AML/CFT matters. The aim of the training is to ensure directors and senior managers can effectively support the AML Compliance Officer, understand their obligations and liabilities under the legislation, and to meet their legislatively required training.
- High level overview of the AML/CFT regime
- Regulatory requirements for AML compliance
- The complexity of a risk-based AML/CFT regime
- Role of senior managers in ensuring AML compliance
- Importance of periodic testing and monitoring of AML controls
- Monitoring metrics and KPIs for AML risk management and reporting
Cost
The cost for this module is $150.00 plus GST.
Team Registrations
If you are interested in signing up your staff or a team of learners do contact us so we can assist with registrations and administer the process for you.
Each learner will be allowed up to a 60-day window to complete the training.