Anti-Money Laundering Fundamentals: for Accountancy Firms in Australia

Accountancy firms can serve as vital link in the money laundering chain, whether wittingly or unwittingly. With the correct training and risk awareness, all accountancy firms can break the chain and cut off the link that criminals and terrorists need to fund their enterprises. Every suspicious transaction reported or red flag spotted helps break the chain, bring criminals to justice and prevent innocent victims from being hurt by crimes such as human trafficking, drugs, violence, and terror. This course provides an overview of money laundering, explains how accountancy firms could inadvertently be used in the money laundering chain, and who to contact in the event of any suspicions.