Modification History
|
Release |
Comments |
|
Release 2 |
This version released with FNS Financial Services Training Package version 1.1 Release 2 created to correct typographical error |
|
Release 1 |
This qualification first released with FNS Financial Services Training Package version 1.0 |
Qualification Description
This qualification is designed for individuals in anti-money laundering and counter terrorism financing (AML/CTF) job roles. Individuals in these roles have autonomy in performing technical operations, apply solutions to a range of often complex problems, and research, analyse and evaluate information from a variety of sources. They apply initiative to plan, coordinate and evaluate their own work and provide guidance to others. Individuals have particular obligations in providing designated services under the AML/CTF Act. These relate to customer due diligence, reporting and record keeping.
Licensing/Regulatory Information
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
Entry Requirements
Nil.
Packaging Rules
Total number of units = 10
6 core units plus
4 elective units
The elective units consist of:
- 1 from Group A
Of the remaining 3 units:
- up to 3 may be from Group B
- up to 3 may be from a Certificate IV, Diploma or Advanced Diploma in any currently endorsed training package or accredited course.
The elective units chosen must be relevant to the work outcome and meet local industry needs.
Core Units
BSBCOM503 Develop processes for the management of breaches in compliance requirements
FNSFMK505 Comply with financial services legislation and industry codes of practice
FNSINC502 Assess financial products and services vulnerability to money laundering and terrorism financing
FNSORG502 Develop and monitor policy and procedures
FNSRSK501 Undertake risk identification
FNSRSK502 Assess risks
Elective Units
Group A
FNSRSK601 Develop and implement risk mitigation plan
FNSRSK602 Determine and manage risk exposure strategies
Group B
BSBINM401 Implement workplace information system
BSBWHS303 Participate in WHS hazard identification, risk assessment and risk control
BSBRES401 Analyse and present research information
BSBRKG404 Monitor and maintain records in an online environment
BSBSUS501 Develop workplace policy and procedures for sustainability
FNSINC601 Apply economic principles to work in the financial services industry
PSPFRAU502B Anticipate and detect possible fraud activity
PSPFRAU504B Conduct fraud risk assessments
PSPFRAU505B Develop fraud control plans
Qualification Mapping Information
|
Code and title current version |
Code and title previous version |
Comments |
Equivalence status |
|
FNS51715 Diploma of Applied Anti-Money Laundering and Counter Terrorism Financing Management. |
FNS51710 Diploma of Applied Anti-Money Laundering and Counter Terrorism Financing Management. |
Updated to meet Standards for Training Packages. Packaging rules updated to address industry needs. Number of units overall has been reduced from 13 to 10. Number of core and elective units changed. |
No equivalent qualification |
Links
Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe
