JST538 Money Laundering, Terrorist Financing and Due Diligence (8)

This subject provides students with experience in preparing a risk-based approach to Know Your Customer/Customer Due Diligence (KYC/CDD) controls and is informed by national and international regulatory Anti-Money Laundering and Counter Terrorist Financing (AML/CTF) directives. The subject examines the intricacies of screening customers and designing procedures that are capable of dealing with the risks posed by Politically Exposed Persons (PEPs) and by non-disclosure of beneficial ownership within organisational settings. Students will develop an understanding of what organisations should be doing in this area and identify how and why these systems have been compromised in the past.

Availability

Session 3 (90)
Online
Canberra Campus

Continuing students should consult the SAL for current offering details: JST538. Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject Information

Grading System

HD/FL

Duration

One session

School

Australian Graduate School of Policing and Security

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to undertake an appropriate and well-developed assessment of money laundering and financial crime threats;
  • be able to identify and explain the conceptual weaknesses underpinning AML/CTF regimes;
  • be able to compare and analyse critically global approaches to the prevention of money laundering and terrorist financing;
  • be able to evaluate an organisations AML/CTF compliance risks and apply specialised knowledge and skills to identify appropriate responses to mitigate risks at the strategic and operational level; and
  • be able to communicate knowledge of complex and appropriate risk mitigation strategies to specialist and non-specialist audiences.

Syllabus

This subject will cover the following topics:
  • Money Laundering and Terrorist Financing Crime Threats
  • International money laundering and terrorism financing controls
  • Know your customer and customer due diligence in theory
  • Know your customer and customer due diligence in practice
  • Challenging the legitimacy of AML/CTF regulatory frameworks
  • Measuring efficiency of regulatory controls
  • Data analysis

The information contained in the CSU Handbook was accurate at the date of publication: January 2020. The University reserves the right to vary the information at any time without notice.

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