Australia’s AML/CTF framework places important obligations on organisations to understand financial crime risks, maintain effective controls and respond appropriately to suspicious activity. For superannuation professionals, building practical awareness of how these obligations apply in a fund environment is essential to protecting members and supporting strong compliance outcomes.
Join Kate Crawford, Learning and Development Specialist, ASFA, for a practical virtual workshop designed for staff who need a clear understanding of AML/CTF concepts, superannuation-specific risks, red flags, customer due diligence, controls and escalation expectations.
This 1.5-hour session provides foundational AML/CTF awareness and superannuation context. It covers money laundering, terrorism financing and proliferation financing; why superannuation is an at-risk sector; AML/CTF program requirements; customer due diligence; suspicious activity indicators and responses; and key reporting obligations. Participants will also receive access to an ASFA online course after the workshop to reinforce their learning and complete a multiple-choice quiz. The workshop provides 1 CPD point.
Learning outcomes
After attending this workshop you will be able to:
- Explain the key concepts of money laundering, terrorism financing and proliferation financing
- Describe why the superannuation sector can be exposed to AML/CTF risks
- Understand the requirements for developing and regularly reviewing an AML/CTF program
- Explain how and when customer due diligence is conducted, including in a superannuation fund context
- Identify indicators of suspicious activity and understand appropriate response and escalation expectations
- Outline key AML/CTF reporting obligations, including suspicious matter and threshold transaction reporting
Who should attend?
All staff involved in member transactions, onboarding, account maintenance, fraud prevention, risk, and compliance functions.
How you’ll learn
1.5-hour online virtual workshop.
ASFA’s virtual workshops are a live and interactive learning experience. Participants can engage with industry-leading presenters who are experts in their field, together with their peers, just like they would at an ASFA face-to-face workshop. It is a unique opportunity to workshop ideas and concepts in a collaborative online environment facilitated by experts. Virtual workshops are limited to 30 participants to allow for discussion, and to ensure that participants have ample opportunity to ask presenters questions.
