The AML/CTF programs e-learning course is designed for business audiences. It supports management and staff to implement a risk-based AML/CTF program. The course combines on-line learning with a practical approach of learning through doing.   1.0 - Fundamentals of AML/CTF programs 2.0 - AML/CTF program: Part A (general) 3.0 - AML/CTF program: Part B (customer identification) 4.0 - Risk assessment for your AML/CTF program 5.0 - Implementing and monitoring your AML/CTF program     4.0 - Risk assessment for your AML/CTF program   In this module we will introduce a generic risk assessment process that can be used in the first step to plan and design an AML/CTF program. Note that this material for identifying and managing risks is offered as a starting point for developing an AML/CTF program; it may not cover every contingency or requirement for your specific business. However you can use this material, or any other any process that you choose, which is appropriate to your business (size, nature and complexity) and the ML/TF risks your business may reasonably face.     Sections   4.1 Compliance and risk management 4.2 Risk management process 4.3 Risk identification 4.4 Risk assessment 4.5 Risk treatment 4.6 Monitoring and review   Summary Tools and resources Test yourself Compliance culture: concerns and usage scoresheet (pdf 46kb) Generic risk management worksheet (pdf 57kb) Risk management philosophy worksheet (pdf 20kb) Management commitment worksheet (pdf 20kb) Risk appetite worksheet (pdf 19kb) Integrity and values worksheet (pdf 20kb) Competence worksheet (pdf 16kb) Organisational structure worksheet (pdf 19kb) Authority, responsibility and accountability worksheet (pdf 19kb) Human resources worksheet (pdf 20kb) Existing compliance programs worksheet (pdf 20kb) Available resources and people worksheet (pdf 19kb)   This module is also available in a printable format: Module 4: Risk assessment for your AML/CTF program (pdf 299kb) Modules 1-5: AML/CTF programs (pdf 1391kb) Module 4: Quiz and answers (flash 1670kb) Module 4: Quiz (pdf 124kb) Module 4: Quiz answers (pdf 124kb)

AML/CTF programs user guide

This e-learning course is designed to help managers and staff responsible for implementing an AML/CTF program within their organisation. The course provides three key functions;

• to provide a structured program of on-line learning using the five modules and self-administered learning checks
• to provide tools and resources that can be used for learning-by-doing activities in the business to assess the internal environment of the organisation to better enable the implementation of an AML/CTF program
• to provide an on-going reference to concepts and resources that can be used in the monitoring and continual improvement of the organisation's AML/CTF program

Users of the program are encouraged to study the modules and check their learning of the concepts using the on-line learning facility. However it is equally important to turn away from the computer and to use the tools and resources as a means of learning-by-doing to actively assess, plan and take actions to implement, monitor and improve their own organisation's AML/CTF program. It is important for users to understand the unique ML/TF risks facing their own company so that it can implement a risk-based AML/CTF program that suits its business and resources.

Whilst the e-learning course is structured to follow a sample risk-management method, its navigation features also allow it to be used as an ongoing reference in the everyday work of implementing and managing an AML/CTF program.

Prior to commencing the e-learning course we reccomend you to download the latest version of Adobe Acrobat (PDF) and Adobe Flash Player (Flash).