During this module we covered the following topics:

• the organisational requirements of Part A (general) and adding ML/TF risk management to existing risk management strategies
• oversight of the AML/CTF program by boards and senior management to ensure that AML/CTF processes are developed and implemented and to ensure its control systems facilitate effective monitoring
• ensuring training for employees is carried out on the business's AML/CTF policies, methods and processes to manage the ML/TF risk and the importance of implementing and maintaining an AML/CTF program
• the processes whereby a business screens its staff members for ML/TF risk
• designating an 'AML/CTF Compliance Officer' at management level and the responsibilities of this role
• the obligation to carry out an independent review of your AML/CTF program using internal or external parties
• feedback by AUSTRAC on your AML/CTF program
• the obligation to identify, mitigate and manage ML/TF risk for any designated services offered through a permanent establishment in a foreign country
• regulatory risks associated with developing, implementing and managing an AML/CTF program Part A
• AML/CTF program Part A and designated business groups.

You may now complete the quiz on the topics covered in this module. The answers are supplied at the end of the quiz so that you may review your answers:

Module 2: Quiz (flash 1641kb)

The quiz and answers are available in a printable format:

Module 2: Quiz (pdf 56kb)

Module 2: Quiz answers (pdf 56kb)

This module is also available in a printable format:

Module 2: AML/CTF programs: Part A (general) (pdf 179kb)