Anti Money Laundering Training for Compliance Officers in Financial Services Australia

Meet Australian Anti‑Money Laundering and Counter‑Terrorism Financing (AML/CTF) obligations with this online training course designed specifically for AML/CTF Compliance Officers and senior management within reporting entities operating in Australia.

This course explains the mandatory appointment and responsibilities of AML/CTF Compliance Officers under the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006, including significant legislative amendments made in 2024 that come into effect in 2026.

Designed for customer‑owned ADIs and other Australian reporting entities operating domestically, the course provides practical, role‑specific guidance on governance, appointment criteria, AML/CTF Programs, AUSTRAC engagement, and annual compliance reporting. Participants receive a certificate of completion to support regulatory and audit requirements.

Course Highlights

• Online, self‑paced AML/CTF Compliance Officer training
• Focused on appointment, governance, and accountability obligations
• Aligned to Australian AML/CTF legislation and AUSTRAC guidance
• Practical, role‑based learning for Compliance Officers and senior management
• Covers AML/CTF Programs, reporting, and regulatory engagement
• Audit‑ready reporting through Salt™ Compliance LMS
• Certificate of completion for compliance records

Understanding Money Laundering and Terrorism Financing Risks

Money laundering disguises funds obtained through criminal activity so they appear legitimate. Common sources include fraud, organised crime, corruption, and drug trafficking. Terrorism financing may involve both legitimate and illicit funds used to support terrorist activities.

Australian reporting entities are exposed to these risks and are required to implement strong AML/CTF governance and controls.

Failure to manage AML/CTF risks can result in regulatory action, criminal penalties, and serious reputational damage for organisations and individuals, including Compliance Officers.

Key AML/CTF Concepts

Understanding AML/CTF obligations is essential for Compliance Officers responsible for oversight and governance. Core concepts covered include:

• The placement, layering, and integration stages of money laundering
• Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
• Identification and management of politically exposed persons (PEPs)
• Ongoing monitoring and suspicious matter indicators
• Terrorism financing risks and offences under Australian law

Why AML/CTF Compliance Matters

Non‑compliance with Australian AML/CTF requirements can lead to:

• AUSTRAC enforcement action
• Civil and criminal penalties
• Personal accountability for Compliance Officers
• Reputational and operational damage

Effective AML/CTF Compliance Officer training ensures organisations meet their legal obligations, maintain effective AML/CTF Programs, and demonstrate a strong compliance culture to regulators.

Course Content

Core AML/CTF Governance Concepts

• Purpose and function of the AML/CTF Compliance Officer role
• Governance, accountability, and organisational positioning
• Compliance culture and senior management oversight

Legal and Regulatory Framework

• Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006
• 2026 legislative changes and Compliance Officer requirements
• AUSTRAC’s role and regulatory expectations

Appointment and Responsibilities

• Criteria for appointing an AML/CTF Compliance Officer
• Timeframes and notification requirements
• Responsibilities for AML/CTF Programs and controls
• Replacing or transitioning Compliance Officers

Monitoring, Reporting, and Regulatory Engagement

• Suspicious Matter Reports (SMRs)
• Annual compliance reports
• Record‑keeping obligations
• Engagement and communication with AUSTRAC

Enterprise Reporting and Compliance Management

Salt™ Compliance LMS Capabilities

• Real‑time training completion tracking
• Organisation‑wide compliance visibility
• Audit‑ready reporting for regulators and internal reviews
• Scalable delivery across teams and business units

Decision Framework – Is This the Right AML Course?

Use this course if your organisation requires:

• AML/CTF Compliance Officer‑specific training
• Guidance on appointment and governance obligations
• Practical instruction aligned to Australian regulation
• Scalable online delivery with reporting and oversight

Professional Development

Completing this course enables Compliance Officers to:

• Fulfil statutory AML/CTF obligations
• Oversee and maintain effective AML/CTF Programs
• Engage confidently with AUSTRAC
• Protect the organisation and its leadership from regulatory risk

Anti‑Money Laundering Courses

• Anti Money Laundering for the Finance Sector Course (Australia)
• Anti Money Laundering for Law Firms Course (Australia)
• Anti Money Laundering for the Real Estate Industry Course (Australia)
• Anti Money Laundering for Compliance Officers in Financial Services Course (Australia)
• Anti Money Laundering for Pubs and Clubs Course (Australia)
• Anti Money Laundering Course (Global)
• Anti Money Laundering Course (New Zealand)
• Anti Money Laundering Course (Singapore)
• Anti Money Laundering – Private Banking & Wealth Management Course (Singapore)
• Anti Money Laundering – Insurance Course (Singapore)
• Anti‑Money Laundering for Financial Services Course (Hong Kong)
• Anti Money Laundering Course (Hong Kong)
• Anti Money Laundering Course (Malaysia)

Book a Demo or Enrol Your Organisation

Strengthen your organisation’s AML/CFT compliance with practical, regulator‑aligned training.

Request a demo or enrol your team today. For group bookings or tailored training options, please contact us.

Quick Answer: What Is AML/CTF Compliance Officer Training?

This online AML/CTF Compliance Officer course helps Australian reporting entities meet statutory obligations by providing practical guidance on appointment, governance, reporting, and regulatory engagement.

Designed for Compliance Officers and senior management, it supports effective AML/CTF oversight and audit‑ready compliance.