Jo-Anne Bloch
The first of three online training courses in Anti-Money Laundering (AML) and Counter Terrorism Financing (CTF) was launched yesterday by the Financial Planning Association.
The courses are intended to assist FPA members prepare for the introduction in December this year of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.
“This new training program will help the financial planning profession fulfil the important role it plays in protecting the community,” according to FPA chief executive officer Jo-Anne Bloch.
“Planners and licensees will learn how to prevent and report potential money laundering and financing of terrorism activity, as well as receiving a background to the new legislative regime.”
Bloch added that the FPA is also developing guidelines, in conjunction with IFSA, to assist planners to carry out their customer identification collection obligations under the new legislation.
The two subsequent online courses will focus on specific AML/CTF legal requirements and new industry guidelines for financial planning professionals.
