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Enter your details below to access this introductory course on Tranche 2 AML – offering an introduction to AML and the proposed Tranche 2 AML reforms in Australia.No credit card required.
What you’ll learn
Understanding Australia’s AML/CTF landscape
The Introduction to Tranche 2 AML course offers an introductory overview of Australia’s Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regime and potential upcoming changes under Tranche 2 AML reforms, currently in the Bill stage. Including:
- An introduction to Australia’s AML/CTF regime
- Key AML obligations that apply to various industries
- Potential expansion under Tranche 2 AML reforms
- Getting prepared – Lawyers, Accountants, Real Estate
FAQs
In Australia, the AML/CTF regime refers to the Anti-Money Laundering and Counter-Terrorism Financing regime. It is a framework of laws and regulations designed to combat money laundering, terrorism financing, and other serious financial crimes.
Tranche 2 AML refers to the proposed extension of Australia’s AML/CTF regime to include new sectors, known as Designated Non-Financial Businesses and Professions (DNFBPs). This would encompass industries such as legal and accounting services, trust and company service providers, real estate agents, and dealers in precious metals and stones.
In April 2023, the Attorney-General announced proposed reforms to Australia’s AML/CTF regime. The proposed reforms aim to modernise and reduce complexity in the existing regime, as well as extend the AML/CTF regime to additional sectors, known as Tranche 2 professions. A public consultation process was announced alongside the proposed reforms seeking submissions from industry to collect feedback and insights to help shape the reforms. The legislative process is ongoing, with the AML/CTF reforms currently in the Bill stage.
This course is ideal for professionals in legal, accounting, and real estate sectors interested in a high-level understanding of Australia’s AML/CTF regime and potential upcoming changes.
The fun and effective way to learn AML!
With our interactive content and real-world scenarios, your team will learn about the Australian AML/CTF regime and responsibilities of reporting entities. Why reporting entities choose Alpha AML Training:
- Great interface
- Engaging content at the right level
- Cost effective user-based pricing
- Compliance tracking tools
- Automated reminders
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