Course overview The Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) All Staff Training course for New Zealand, has been designed by subject matter experts to provide employees with an overview of money laundering and terrorism financing risks that your business might typically face.

All courses have been developed using the latest e-learning authoring tools and are informative, interactive and engaging – at the end of each module there is a ‘quick test’ and at the end of the course there is a learning assessment to test what you have learned.

Target audience

As this course is designed as an introduction to anti-money laundering and counter terrorism financing, the target audience includes professionals working across a range of financial and non-financial business sectors and all types of job functions.

Course content

Module 1 – Introduction

Module 2 – Overview of money laundering and terrorism financing

Module 3 – Placement techniques

Module 4 – Layering techniques

Module 5 – Integration techniques

Module 6 – Summary of the AML/CFT Act 2009

Module 7 – Red flags

Module 8 – Potential consequences of non-compliance

Learning assessment

Pricing

Courses are available for $200 for members or $250 for non-members. Discounts are available for corporate licenses and courses can be customised to suit specific requirements. Access this and other courses on the following link - http://elearn.financialcrimesconsulting.com/

Online Training – Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) – All Staff New Zealand  

 

Detailed Course Outline Module 1: Introduction Module 2: Overview and background to money laundering and terrorism financing What is money laundering and terrorism financing? What is the size of the money laundering and terrorism-financing problem? AML/CFT legislation in New Zealand Chronology of major advances in AML/CFT legislation Global and local landscape of AML/CFT oversight Money laundering and terrorism financing in the media Why do criminals launder money? What are the consequences of money laundering? Introduction to money laundering techniques Module 3: Money Laundering Techniques - Placement Overview of the placement phase of the money laundering process Smurfing of cash deposits and structuring Wire transfers Alternative remittances Asset conversion Bulk movement Gambling Module 4: Money Laundering Techniques - Layering Overview of the layering phase of the money laundering process Electronic funds transfers Offshore banks Shell corporations Trusts Third party intermediaries Module 5: Money Laundering Techniques - Integration Overview of the integration phase of the money laundering process Credit, debit and pre-paid cards Buying and selling assets Transfer pricing Combining legal and illicit cash flows Import and export businesses Module 6: Summary of the AML/CFT Act 2009 Summary of the AML/CFT Act 2009 Key components of the AML/CFT Program – Part 2, Part 3 and Part 4 Module 7: Red Flags Typical red flags for account opening Typical red flags for transaction monitoring Other red flags Module 8: Potential consequences of non-compliance Potential consequences of non-compliance Formal warnings, enforceable undertakings and injunctions Financial and civil penalties Reputation damage Learning Assessment