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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 cover the New Zealand AML/CFT legislation and Supervisor guidance.

Course One – Introduction to Anti-Money Laundering and Countering Financing of Terrorism

This course provides an overview of AML/CFT, complete with a competence test at the end. It is ideal for staff who are new to AML/CFT.

Learners have 60 days to complete the course, and on completion they will receive a certificate to download.

Content Outline

  • What is Money Laundering?
  • Three Stages of Money Laundering
  • Worked Examples
  • Purpose of the AML/CFT Act
  • Your Obligations

Cost

Cost

The cost for this module is $50.00 plus GST.

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Course Two – Customer Due Diligence

This course provides an in-depth look at Customer Due Diligence (CDD), complete with a competence test at the end. It is ideal for staff who are involved with CDD.

Learners have 60 days to complete the course, and on completion they will receive a certificate to download.

Content Outline

  • Key Obligations
  • Nature & Purpose
  • CDD for Individuals
  • CDD for Companies and Trusts
  • Enhanced CDD
  • Ongoing CDD

Cost

Cost

The cost for this module is $50.00 plus GST.

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Course Three - Transaction Monitoring and Reporting

This course provides an in-depth look at transaction / account monitoring and associated reporting, complete with a competence test at the end. It is suited to staff who have a view on business accounts and transactions.

Learners have 60 days to complete the course, and on completion they will receive a certificate to download.

Content Outline

  • Stages of Money Laundering
  • Red Flags
  • Account and Transaction Monitoring
  • Narrations
  • Suspicious Transaction Reports
  • Prescribed Transaction Reports
  • Common Failure Points

Cost

Cost

The cost for this module is $50.00 plus GST.

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Board & Senior Management Training

This training is aimed at Board and 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 legislatively-required training.

Learners have 60 days to complete the course, and on completion will receive a certificate for download.

Content Outline

  • 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

Cost

The cost for this module is $150.00 plus GST.

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AML/CFT Red Flags for Real Estate

This Red Flags training course is designed to give real estate agents a foundational understanding of their AML/CFT obligations in spotting and reporting suspicious activity.

This training is a 30 minute session and certificates are available for download on completion for training records.

Content Outline

  • AML/CFT recap
  • Importance of knowing your client
  • Identifying red flags and unusual activity
  • Red flag typologies
  • Red flag escalation process

Cost

Cost

The cost for this module is $49.00 plus GST.

Need more information? Get in touch.

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