Anti-Money Laundering (Australia)
What are your legal requirements associated with money laundering? How do you safeguard your process and manage key risks.
What You'll Learn
This PracticeLab quiz helps you revisit the essential concepts that guide safe, quality practice. Answer the questions, read the explanations, and build confidence in the knowledge you bring to your role.
- 1
Understanding Money Laundering in Human Service Context
Recognising what money laundering is, the three stages of money laundering, and how it can occur within not-for-profit and human services contexts.
- 2
Identifying and Managing Anti Money Laundering Risks
Assessing key money laundering and terrorism financing risks relevant to your organisation, including client transactions, donations, and service delivery arrangements.
- 3
Anti Money Laundering Compliance Safeguards and Procedures
Implementing practical compliance measures including customer due diligence, suspicious activity reporting, record-keeping requirements, and staff training obligations.
- 4
Relevance of Anti Money Laundering Risks/Countering Financing of Terrorism to Human Service Management
Anti-money laundering legislation depends on the activities a community service undertakes but is relevant because services handle donations and funding and may handle client funds and budgets.