AML/CTF Compliance Officer, Part 3: Reporting, Assurance and AUSTRAC Engagement

About this course

Part 3 is about what leaves your organisation. Reports to AUSTRAC, and reports to your own governing body. Both are places where a control can be one hundred per cent compliant on the measure being reported and materially incomplete underneath. Three modules. The first covers regulatory reporting as a control framework: threshold transaction reports, structured cash transactions and why a TTR question and an SMR question are different, the reformed transfer of value framework and the travel rule, data quality as the hidden reporting risk, and corrections and late reports. The second covers governance and assurance: what should be escalated, issues, breaches and non-compliance, root cause and remediation, closing an issue with evidence rather than activity, independent evaluation, why repeat findings are a governance signal, training and personnel capability, and AUSTRAC readiness and engagement. The third module is the capstone. A single reporting entity under pressure, with failures running simultaneously across customer due diligence, ECDD quality, transaction monitoring, suspicious matter reporting, regulatory reporting, screening and assurance, and a governing body report rated green. You work out what has actually gone wrong, what to prioritise by risk and statutory urgency, what belongs in front of senior management, and whether that green rating can reasonably stand. Part 3 assumes the foundations from Parts 1 and 2 and opens with a bridging lesson. Completing all three parts issues the program certificate.

Curriculum