Release 

Comments 

Release 1

This version first released with FNS Financial Services Training Package Version 2.0.

ELEMENT 

PERFORMANCE CRITERIA 

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Implement an AML/CTF program

1.1 Review requirements for the new, redesigned or reconfigured AML/CTF program and develop an implementation plan

1.2 Consult, negotiate and communicate the implementation plan with stakeholders including work redesign and resource allocation

1.3 Ensure procedures and/or system requirements are developed, tested and refined

1.4 Analyse and adopt organisational change processes to integrate new, redesigned or reconfigured AML/CTF requirements

1.5 Develop a communication strategy for promoting and sustaining staff awareness of the AML/CTF program

1.6 Consult with relevant personnel to ensure staff training programs and arrangements are established within required timeframes

2. Monitor an AML/CTF program

2.1 Design monitoring and supervision processes to ensure regular reviews of AML/CTF compliance

2.2 Collect, analyse and report performance data against program goals and performance criteria

2.3 Ensure rectification of any AML/CTF related compliance failings

2.4 Report and consult on progress and performance with stakeholders

3. Review and evaluate an AML/CTF program

3.1 Monitor organisational business strategy and legislative and regulatory environment for changes that may impact on the organisation's AML/CTF program

3.2 Consult with stakeholders on strategies for continuous improvement of the organisation's AML/CTF program

3.3 Report review findings to senior management and/or the Board as required

3.4 Oversee the communication of further changes to the AML/CTF program to staff and ensure requirements are implemented

Skill 

Performance 

Criteria 

Description 

Learning

1.5, 1.6, 3.4

• Designs, plans and oversees implementation of training for staff to achieve organisational goals

Reading

1.1, 1.4, 2.2, 3.1

• Sources and critically analyses documentation from a variety of sources and records and consolidates information to determine requirements

Writing

1.1, 1.3, 1.5, 2.2, 2.4

• Uses a range of formats and structures to report and present information logically for different audiences
• Develops material for a specific audience using clear and detailed language to convey accurate information and recommendations

Oral Communication

1.2, 2.4, 3.2

• Participates in verbal exchanges using active listening and questioning techniques to convey information and elicit the views and opinions of key stakeholders
• Clearly explains detailed information using concepts, language, tone and pace appropriate to the audience

Numeracy

1.2, 1.3

• Interprets, analyses and presents numeric and financial information

Navigate the world of work

1.1, 1.3-1.6, 2.1, 3.1

• Develops and implements programs to ensure organisational goals are achieved and performance improved
• Monitors and reviews organisational policies, procedures and adherence to legislative requirements

Interact with others

1.2, 2.4, 3.2

• Uses a variety of relevant communication tools and strategies in building and maintaining effective working relationships
• Plays a lead role in situations requiring effective collaboration and high level negotiation skills

Get the work done

1.1-1.6, 2.1-2.4

• Accepts responsibility for planning and sequencing complex tasks and workload
• Systematically gathers and analyses all relevant information, reviews data and evaluates options in order to inform decisions about complex organisational programs
• Develops flexible plans for routine and complex activities with strategic implications that involve a diverse range of personnel
• Monitors results against stated goals, adjusting plans and resources where necessary
• Uses digital systems and technologies to enter, store or access information

Code and title  

current version 

Code and title 

previous version 

Comments 

Equivalence status 

FNSAML806 Implement an anti-money laundering and counter terrorism financing program

Not applicable

New unit

No equivalent unit

Release 

Comments 

Release 1

This version first released with FNS Financial Services Training Package Version 2.0.