Online Course for Anti Money Laundering
This unit describes the skills and knowledge necessary for club employees to manage the risk of money laundering and terrorism financing.
It applies to individuals who work for a club and are required to comply with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. This unit will outline staff roles and responsibilities in relation to reporting and managing suspicious behaviour.
Topics include:
- What is Money Laundering?
- What Are Your Responsibilities?
- Suspicious Activities
- Counterfeit Money
- Large Payouts
- High Risk Customers
Components in this Module
What is Money Laundering?
- Money laundering is the process by which criminals attempt to hide the origins of illegally acquired money, which is used to fund their criminal activity.
- This involves transferring the money through international bank accounts or businesses to try and make the funds a legitimate asset.
What are your responsibilities?
- It is your responsibility to ensure that these incidences are documented and reported.
Suspicious Activities
- As a staff member, you need to be aware of any suspicious activities that may be the result of money laundering.
- When at work, you might witness something that does not seem quite right. If you have a transaction with a customer or an interaction with another staff member that makes you feel uneasy and concerned, it is likely that there may be a reason for your suspicion.
- If patrons are hedging their bets or seem to be intentionally losing money, this could be considered suspicious behaviour. Customers that request a cheque or payout voucher may be trying to create a paper trail, to try and legitimise their funds and hide where it came from.
Conterfeit Money
- In your role, you may come across counterfeit money. Counterfeit money is any fake currency that is produced illegally. It is commonly larger denominations, like $50 notes, that are counterfeited.
Large Payouts
- It is your responsibility to document any large payouts in order to prevent money laundering.
- Some organised crime groups may attempt to launder large amounts of money through gaming machines or the TAB.
Identifying High-Risk Customers
- A high risk customer is anyone who is at greater risk of being involved in money laundering.
- Politically Exposed Persons are high risk customers. These are individuals who hold a position of power or influence in the public eye and are therefore more likely to be a target of bribes and corruption.
- Known criminals, such as motorcycle gang members, will also be at a higher risk of being involved in money laundering.
Pre-requisite?
No previous knowledge or experience is required.
How long?
The online courses are made up of a number of learning modules. Each module has an estimated time to complete them (click on the ‘i’ next to the module to get the time).
The time to complete a module can vary based on your existing knowledge of the material.
No need to finish the course in one session. You can log in and out as many times as you like, until the course end date. The course end date is shown when entering the training. The system remembers what you have completed and you can continue on from where you left off.
How does it work?
Once we receive confirmation of your payment (which could take up to 24 hours), you will receive an email with your login details. Go to the login page which will be emailed to you. Enter your details then click on the name of the course when you are ready to start.
How do I pay?
Pay with mastercard or visa through our secure PayPal internet payment facility. You can also select to ‘Generate an Invoice’ or ‘Make An Enquiry’ and we will get back to you with a group pricing as a quote or submission for you to respond to.
Who should do this course?
These courses are for anyone who wants to learn more or wants to extend their resume by becoming more knowledgable in their company.
How will I be assessed?
Each module is broken into sections with checkpoints, interactive challenges and quiz questions throughout. You are required to go through each section and answer every question correctly to be deemed competent. If you answer any questions incorrectly, you will be given feedback on which question you answered incorrectly. You can then correct your response and continue.
Will I receive a certificate?
These are non accredited corporate-based short courses and if successful you will receive a Certificate of Completion.
Steps to proceed with enrolling in a Course
Step 1 – Select a Course(s) by adding it to the Shopping Cart.
Step 2 – Pay for the course (using Paypal).
Step 3 – Once we have received the payment we will send you an email confirming your order.
Step 4 – This email will have instructions for connecting to the course, your login ID and password.
Step 5 – Complete the online course.
Step 6 – Once the course has been successfully completed, you will have access to your certificate.
If you have any problems or questions just call us on (02) 9635 0477 or email training@alliedrisk.com.au