The AML/CTF Rules do not specify the duties to be undertaken by an AML/CTF Compliance Officer, but the following examples may be appropriate to your business.

1. Ensuring compliance with the AML/CTF Act and Rules subject to the oversight of the board and senior management, including:
   • ML/TF risk awareness training for staff members
   • the employee due diligence program
   • liaison with senior management and/or board on AML/CTF issues
   • organising independent reviews for Part A of the AML/CTF program
   • consideration of AUSTRAC feedback
   • any obligations relating to a permanent establishment in a foreign country.
2. Acting as a contact officer for AUSTRAC matters.
3. Contributing to the design, implementation and maintenance of internal AML/CTF compliance policies and procedures, including if applicable:
   • procedures for granting approvals for new designated services or delivery channels
   • ensuring AML/CTF compliance is measured, and if applicable rewarded in the performance review process
   • processes for staff to confidentially report violations of the AML/CTF program
   • updating corporate knowledge of ML/TF risks the business may reasonably face
   • providing leadership and promoting a culture of compliance
   • keep relevant records in accordance with Part 10 of the AML/CTF Act.