AML/CTF Online Course for Staff
$24.95 inc. GST
This Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) online training course has been developed to equip staff at gaming venues with the essential skills and knowledge to ensure they know their specific obligations under the AML/CTF rules.
In an era where financial integrity is paramount, understanding and adhering to AML/CTF regulations is crucial for hospitality business, particularly those offering gaming and gambling services.
This course is delivered in partnership with DWS Hospitality Specialists.
Course Overview
Developed by compliance experts in the industry, our course offers comprehensive insights into AML/CTF regulations, providing practical guidance on meeting compliance obligations and safeguarding your organisation’s reputation. By enrolling in our training, you empower yourself and your team to navigate the complexities of AML/CTF effectively.
The Staff AML/CTF training course outcomes includes:
- What is AML/CTF?
- What are the obligations for the venue?
- What are the consequences of not complying with the AML legislation?
- What is a suspicious matter?
- How do I report a suspicious matter?
- Tipping off
- Knowing your customers
- Controls in place
This course is a non-accredited course.
Requirements
To begin our AML/CTF online course, you will need the following:
Personal information
We will need your full name, street address, mailing address (if applicable), date of birth and phone number to create an account in our system for you.
Email address
We need an active email address to set up your account, and send you updates on your training status.
Frequently Asked Questions
Our FAQ’s below may help you, if you can’t find the answers you are looking for, feel free
to contact our fully qualified support staff via LiveChat.
Why is AML/CTF training important?
Venues with electronic gaming machines and TAB agencies are required to comply with the Anti-Money Laundering & Counter Terrorism Act. As part of the legal obligations, members of the board and senior management must be aware of their governance and legal obligations in order to ensure the venue is complying with the legal requirements.
AUSTRAC is the federal government agency that administers the AML/CTF legislation.
What are the consequences of not complying with the AML legislation?
Non-compliance to AML/CTF legislation can lead to:
- Investigation by AUSTRAC and other federal agencies
- Large fines/jail terms for company, directors and individuals
- Media attention/reputation damage to the venue
AUSTRAC has the ability to prosecute businesses, officers of the company (directors etc.) and individuals for breaches of the Act. This is why it’s so important to do this training so you understand your obligations as a board member / director, and ensure the required controls are in place.
Venues / organisations can be fined up to $31 million for a breach of the legislation.
Individuals can be fined up to $6.2 million and be sent to jail for up to 10 years.
Some recent prosecutions are below:
TABCorp – fined $45 million in 2017
Commonwealth Bank – fined $700 million in 2018
Westpac Bank – fined $1.3 billion in 2021
Crown Casino – fine likely to be $450 million (to be finalised in 2023)
Do I have to finish the course in one session?
No, you can login as many times as required to complete the course, your progress will be saved each time.
Information required for enrolment:
Date of Birth
It is a government requirement that we capture this information.
Email Address
Your email address must be unique and not previously used by another student.
Name on my certificate?
Our system will print your name EXACTLY as you enter it into the enrolment screen. Please take care to spell your name correctly and use capitals correctly.
Incorrect Information
Simply send an email to [email protected] or contact us via LiveChat on our website and we can amend the information.
English is my second language
If you feel you may have difficulties understanding the learning materials, simply send an email to [email protected] or contact us via LiveChat on our website.
How long do I have to finish my online course?
- From the time of enrolment, you have 3 months to complete your online training course.
- There are no refunds if you do not complete the course within the time frame given.
- Please allow approximately four (4) to six (6) hours to complete your online training course.
- You can login as many times as required to complete the course, your progress will be saved each time.
