AML/CTF Training Course
for Professional Services

Did you know this?

• Businesses caught by the Tranche 2 reforms must apply to enrol with AUSTRAC no later than 28 days after the day they start providing a designated service (typically 29 July 2026).
• Full compliance obligations begin from 1 July 2026.

Course overview

This course introduces the anti-money laundering and counter-terrorism financing (AML/CTF) obligations that apply to professional services. It covers the role of AUSTRAC, the services covered by AML/CTF legislation, and their responsibilities for identifying and reporting suspicious activity. It explains suspicious matter reporting, Threshold Transaction Reports (TTRs), standard reporting processes, and key governance and compliance requirements.

This online anti-money laundering and counter-terrorism financing course for professional services is legally compliant and kept up to date with legislation across all states and territories in Australia. It has been written in collaboration with Mills Oakley Law Firm in Australia.

Course target audience

This anti-money laundering and counter terrorism financing training is suitable for employees engaged in professional services, such as accountants or legal services.

Topics covered

The following topics are covered in this anti-money laundering and counter terrorism financing online learning:

• AUSTRAC’s role
• Obligations under AML/CTF
• Suspicious Matter Reports (SMR’s)
• Threshold Transaction Reports (TTRs)
• Standard reporting process
• Governance and compliance

Duration

This anti-money laundering and counter terrorism financing online course will take approximately 15 minutes to complete.

Learner experience

This online anti-money laundering and counter-terrorism financing for professional services course is simple to navigate, easy to understand, and will accommodate all learning styles. It can be delivered through the Sentrient online workplace compliance system, human resource management platform, or via your existing learning management system if you already have one. During this training, learners will undertake case studies and learning activities to reinforce their understanding of their role in identifying money laundering or terrorism financing, and what to do if they have a suspicion that something is not quite right. At the end of this course, there is a short online assessment. There is also a declaration that everyone who becomes suspicious of activities involving money laundering or terrorism financing will report them in accordance with their legal obligations.

Learning outcomes

At the end of this course, for anti-money laundering and counter terrorism financing for professional services learning will be able to:

• understand the requirements and the involvement of professional service providers
• be aware of AUSTRAC’s role and what services are captured
• understand the process for reporting suspicious matters
• identify when a threshold transaction report is required
• Be aware of the standard reporting process
• understand the governance and compliance requirements
• understand the responsibility to report suspicious activity

Business outcomes

Once your employees have completed this course, you will achieve the following benefits:

• Ensures staff understand their AML/CTF obligations in day-to-day professional services.
• Reduces the risk of non-compliance by ensuring employees understand regulatory oversight and which business activities are subject to AML/CTF obligations.
• Enables timely identification and escalation of suspicious activity.
• Improves reporting accuracy and ensures regulatory reporting obligations are met within required timeframes.
• Promotes consistent and compliant reporting practices across the organisation.
• Fosters a culture of accountability and vigilance, ensuring potential risks are identified, reported, and managed appropriately.

Other related online compliance courses

The anti-money laundering and counter-terrorism financing for professional services training can be completed as a standalone course. We also have two additional courses: AML/CTF Real Estate Services and an introductory course on Anti-Money Laundering and Counter-Terrorism Financing.