Modification History
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Release |
Comments |
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Release 1 |
This version first released with FNS Financial Services Training Package Version 4.0. |
Qualification Description
This qualification reflects the role of individuals who apply advanced knowledge and skills in an anti-money laundering and counter terrorism financing compliance and management role.
Individuals at this level make high level autonomous decisions and use initiative and judgement to plan and implement a range of anti-money laundering and counter terrorism financing management functions in varied contexts.
They have full responsibility and accountability for personal outputs and for the work or function of others.
They use cognitive and creative skills to review, critically analyse, consolidate and synthesise knowledge, in order to generate ideas and provide solutions to complex problems. They use communication skills to demonstrate their understanding of theoretical concepts and to transfer knowledge and ideas to others.
Licensing/Regulatory Information
No licensing, legislative or certification requirements apply to this qualification at the time of publication.
Entry Requirements
Entry to this qualification is limited to those individuals who:
- have completed a Diploma or Advanced Diploma qualification in related field of study and three years equivalent full-time workplace experience at a banking or financial institution with exposure to transaction processes, controls, and/or client onboarding
OR
- have completed a Bachelor degree in related fields of study or FNS80020 Graduate Certificate in Anti-Money Laundering and Counter Terrorism Financing, and two years equivalent full-time relevant workplace experience at a banking or financial institution with exposure to transaction processes, controls, and/or client onboarding
OR
- have five years equivalent full-time relevant workplace experience at a banking or financial institution with exposure to transaction processes, controls, and/or client onboarding at a significant level of project or program leadership and management responsibility and/or complexity in an enterprise.
Packaging Rules
Total number of units = 8
6 core units plus
2 elective units of which:
- 1 unit must be selected from the electives listed below,
- 1 unit may be selected from the remaining listed electives or from a Graduate Certificate or Graduate Diploma in any currently endorsed training package or accredited Course.
Elective units must be relevant to the work environment and the qualification, maintain the overall integrity of the AQF alignment and contribute to a valid vocational outcome.
Core Units
FNSAML811 Design anti-money laundering and counter terrorism financing programs
FNSAML812 Design and assess controls to monitor money-laundering and terrorism financing risk
FNSAML813 Design and monitor reporting systems for suspicious transactions
FNSAML814 Design customer due diligence policies and procedures
FNSAML815 Manage assessment of organisational vulnerability to money laundering and terrorism financing
FNSAML816 Implement anti-money laundering and counter terrorism financing programs
Elective Units
BSBMGT802 Lead design and review of enterprise systems
BSBPMG803 Manage and review portfolio performance
BSBPMG805 Lead the portfolio
BSBPMG806 Manage portfolio communications and change
BSBPMG808 Manage portfolio risk
FNSINC811 Lead compliance with financial services legislation and industry codes of practice
FNSINC802 Develop and build effective relationships with regulators and industry bodies
Qualification Mapping Information
Supersedes and is equivalent to FNS80115 Graduate Diploma of Anti-Money Laundering and Counter Terrorism Financing.
Links
Companion Volume Implementation Guide is found on VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe
