AUSTRAC has released two new anti-money laundering and counter-terrorism financing (AML/CTF) e-learning modules.

These modules are aimed at reporting entities that conduct applicable customer identification procedures (ACIP) for non-individual customers, such as companies and trusts. They join the existing AUSTRAC e-learning suite, which is available to reporting entities to increase their understanding of AML/CTF regulation and their compliance obligations.

The new modules are:

1. Applicable Customer Identification Procedures

2. Beneficial owners and politically exposed persons

The modules are self-paced and take around 20-25 minutes each to complete. AUSTRAC recommends accessing the modules from a desktop computer for the best user experience.

These modules do not replace the AML/CTF risk awareness training that you are required to provide to your staff. However, you can use them to help meet this requirement.

AUSTRAC’s e-learning suite form part of our ongoing commitment to provide meaningful guidance and outreach activities across the broad span of reporting entities we regulate.

To access these modules, please visit the e-learning resource page.