Understanding the Anti-Money Laundering / Counter Terrorism Financing Act 2006
There is no doubt that any business dealing with large financial transactions needs to be aware of the issues related to money laundering and counter terrorism. In a World where instances of this continue to surface, can your business risk being put “under the spotlight” due to a lack of understanding or knowledge?
Know your obligations and compliance requirements, as outlined in the AML/CTF Act 2006. Explore in more depth, the key points as they relate to the you and your day-to-day tasks as an F&I employee, General Manager or Dealer Principal.
AML/CTF Act in a nutshell
Defining ‘money laundering’
What is ‘on-going due diligence’ and how does it affect me?
ASIC requirements explained