Courses
| Australia

The training your staff need depends on your business, the designated services you provide, and the roles your staff perform. Most reporting entities will need training covering an introduction to AML/CTF, how to identify suspicious activity and understand reporting obligations to AUSTRAC, customer due diligence (CDD) procedures, and AML/CTF program governance and obligations. Businesses will also need to train staff on their own internal AML/CTF program – including specific policies, procedures, and systems – which may be supplemented through internal sessions. Alpha AML Training offers modules covering the core AML/CTF topics, tailored to specific industry sectors.

Customer due diligence (CDD) is the process of establishing who your customers are, verifying their identity, and assessing the money laundering and terrorism financing and proliferation financing (ML/TF/PF) risks involved in providing them with a designated service. Under Australia’s AML/CTF regime, reporting entities must conduct initial CDD before providing a designated service, and ongoing CDD to monitor and manage ML/TF/PF risks throughout the transaction or business relationship.

A suspicious matter report (SMR) is a report that a reporting entity must submit to AUSTRAC when they suspect on reasonable grounds that information they have may be relevant to a crime, that a customer is not who they claim to be, or that a person is planning a money laundering or terrorism financing offence. SMRs must be submitted within 24 hours for terrorism financing suspicions, or within 3 business days for all other suspicions. AML red flags training helps staff recognise indicators of suspicious activity and understand requirements to escalate and report suspicious matters.

Yes. All Alpha AML Training courses include a date-stamped certificate of completion. Certificates can be used as evidence of staff training for AML/CTF compliance records, and may also support applicable CPD requirements – however, CPD rules vary significantly by profession and state, so practitioners should check with their relevant regulatory body.

AML/CTF training may count towards Continuing Professional Development (CPD) for Australian lawyers. Solicitors are required to complete 10 CPD units per year across four compulsory fields. CPD is based on self-assessment of educational activities, and interactive web-based programs are generally accepted as an eligible CPD format. Requirements vary by state, so practitioners should check with their relevant law society or regulatory body. All Alpha AML Training courses are web-based programs with interactive content, assessments, and a certificate of completion.

Alpha AML is a unique software platform that makes running AML training simple and streamlined. We’ve gone all out to build a best-in-class tool to give reporting entities access to a growing library of engaging online AML training courses, and centralised management of your team’s AML training admin.

All Alpha AML subscriptions are valid for 12-months and auto-renew on an annual basis. You’ll get one annual bill that covers all of your team’s seats. The more seats you buy, the more you’ll save with our volume discounts.

Each module is an independent e-learning unit with bite-sized chapters. Depending on the topic, courses can range between 15 to 60 minutes. Our AML courses are tailored to different industries and AML topics. All courses include an assessment component and a learner certificate.

Getting started is quick and easy. Head to the pricing page to get started. Once you have an active subscription, you can enrol team members in desired AML courses directly from your Alpha AML dashboard.

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Currently, we offer full subscriptions, which provide access to our full AML course library, maximising value for customers.