AML/CTF Obligations
Staff must understand your business obligations.
Training
AML Training. Prepare Your Staff
AML/CTF training requirements for Australian businesses. Learn what AUSTRAC requires for staff training and personnel due diligence.
Staff training is mandatory
According to AUSTRAC, preparing your staff is critical to help you meet your AML/CTF obligations. You must provide AML/CTF training so personnel understand your obligations and know how to follow your policies, procedures and systems.
This ensures they can identify, manage and mitigate ML/TF risks in their day-to-day work.
What training must cover
Policies & Procedures
Know how to follow your AML/CTF program.
Risk Identification
Identify, manage and mitigate ML/TF risks.
Suspicious Activity
Recognise red flags and reporting requirements.
Frequently asked questions
Is AML training mandatory?
Yes. AUSTRAC requires reporting entities to provide AML/CTF training so personnel understand obligations and can follow policies, procedures and systems.
What must AML training cover?
Training must cover your AML/CTF obligations, policies and procedures, and how to identify, manage and mitigate ML/TF risks.
Who needs AML training?
All personnel performing AML/CTF functions in your business, including those conducting customer due diligence and transaction monitoring.
Related resources
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