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Welcome to the current articles and news relevant to the Finance Broker industry. Older articles can be found in the Article Archive. AML/CTF & You - FBAA Facilitates Members to Compliance

Anti-Money Laundering and Counter-Terrorism Financing Act 2006

The AML obligations are upon us!! Each of you MUST have in place a program that incorporates the following elements:

1. Risk based Assessment of your offerings & Customers
2. Customer Identification
3. Demonstration of Awareness

The FBAA, in partnership with Deloitte Australia, are working to ensure that our members have access to the key elements of the program –

To that end, some of the highlights include:

• Education & Assessment – In-line with our CPD program, members will be able to access several AML courses – both generic and tailored to our broker community – all will be CPD rated.
• Austrac (The Regulator) On-Tap – events where we’ll be able to learn from Austrac and help ensure that you have a direct line to the regulator.
• Screening & Name Checking – tools that support the rules around terrorism financing and Know Your Client (KYC) – all available for a ‘per person’ low annual transaction fee.
• We’re committed to expanding the program elements as needed to help all of our members comply!!

What’s the cost? The discounted price per person is $84.00 for FBAA members and $275.00 for non-members. Prices include GST.

Get started today! – visit - www.fbaa.com.au/aml – for an application form and instructions to sign-up NOW!!

Common sense says that there is “safety in numbers” and that joining the program with the thousands of our other members is certainly safer than going AML alone…

The registration form, in PDF format, is available to download from our AML page.