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

This subject examines the development of a risk-based approach to the reduction of money laundering and terrorist financing via the implementation of organisational controls. It explores internationally informed best practice and how this manifests differently across jurisdictions. The subject analyses the effectiveness of regulatory regimes that specifically address issues of money laundering and terrorist financing.


Session 2 (60)
Canberra Campus
Session 3 (90)
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



One session


Australian Graduate School of Policing and Security

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to compare and analyse global approaches to the prevention of money laundering and terrorist financing;
  • be able to identify and explain the weaknesses underpinning AML/CTF systems;
  • be able to evaluate AML/CTF compliance risks and apply appropriate strategies to mitigate risks at the strategic and operational level;
  • be able to communicate complex risk mitigation strategies to stakeholders; and
  • be able to demonstrate the communication, literacy, numeracy, research and digital skills required of a competent professional financial crime control practitioner.


This subject will cover the following topics:
  • International and national frameworks
  • Risk-based controls
  • Compliance risks
  • Disadvantages of a one size fits all approach
  • Measuring efficiency of regulatory controls
  • Working within the constraints of a regulated system

Indicative Assessment

The following table summarises the assessment tasks for the online offering of JST538 in Session 3 2020. Please note this is a guide only. Assessment tasks are regularly updated and can also differ to suit the mode of study (online or on campus).

Item Number
Value %
Case study

The information contained in the CSU Handbook was accurate at the date of publication: May 2021. The University reserves the right to vary the information at any time without notice.