Training E-ssentials

This course provides you with training on four key compliance framework elements. It is recommended that these courses are completed annually to assist you meet your compliance obligations. This pack includes:

• AML/CTF
• Internal Dispute Resolution
• Breach and Incident Reporting
• Privacy Obligations

Please see individual courses for further detail on course content.

The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) and the Anti-Money Laundering and Counter -Terrorism Financing Rules (AML/CTF Rules) were established to prevent money laundering and the financing of terrorism by imposing several obligations on the financial sector (as well as others). Relevant businesses are known as ‘reporting entities’ and the relevant services they provide are termed ‘designated services’.
AML/CTF programs are crucial in identifying, disrupting, and preventing money laundering and terrorism financing. It protects your business, your community, and Australia from criminal activity.
You must have an AML/CTF program before you start providing designated services, but what does that mean for your business?

Compliance breaches happen in all businesses. Breach reporting is integral for management oversight and risk management by licensees. It is also required for ASIC’s system wide oversight.
In October 2021, new obligations were enacted, what does that mean for your Financial Services business?

It is an indelible human right to privacy. It relates to an individual’s ability to determine for themselves when, how and for what purpose their personal information is handled by other people. Protecting privacy is key to maintaining human dignity, safety, and self-determination.
Privacy protects the information we don’t want shared (such as identity, health or financial) and it helps to protect our physical safety (regarding real-time data privacy). It is not just a human right; it is a legal right also. Everyone has the right to protection of law against interference or attack against their privacy, family, home, or correspondence, nor attack upon their reputation or honour. In this course we will look at what privacy is, how you can collect and use client information, and who regulates the privacy obligations.

Cyber Security Essentials: In this course you will learn about the risks of cyber threats, they most common types of cyber threat, and how you can combat cyber threats through implementing software and people/process controls.
Online Security Fundamentals: In this short course, you’ll learn strategies to protect yourself online and get tips to block incoming threats. Finally, you’ll review how to act fast to minimise damage if a security breach occurs.
Protecting your Data: In this course, learn what constitutes confidential data, why it’s important to keep it safe, and essential security best practices that include both cyberspace and physical facilities.
Cyber Policy Template: A fully customisable template you can use within your business that incorporates the Cyber Security Essentials.

The Code is a compulsory code of ethics for all relevant providers who provide financial services to retail clients. The Code also applies to provisional relevant providers, once authorised and registered by their licensee on the Register of Relevant Providers under section 922Q of the Act.
As is the case with all other professions, ultimate responsibility for applying the tenets of the Code falls on individual advisers. Each must be ready to give an account of how they have interpreted and applied the Code in specific situations. This course is designed to help illustrate requirements in the Code.