What we cover:
• Discusses the legal content requirements for a compliant internal AML/CTF policy.
• Emphasises the need to customise policies to match firm size and risk.
• Suggests methods for embedding procedures into existing business workflows and systems.
• Identifies common drafting mistakes, such as setting unrealistic or unattainable control targets.
• Protect your firm from high-stakes AUSTRAC examinations and enforcement actions by learning to avoid common traps like "stretch targets", bank-style language, and unchecked AI-generated content that creates a gap between what your policy says and what your firm actually does.
Category:Â Practice Management and Business Skills
Unit/point:Â 1 hour, 1 point
