July 1 Knowledge Platform Develops Anti-Money Laundering E-Learning Program for AUSTRAC
The Australian Transaction Reports and Analysis Centre (AUSTRAC), Australia’s anti-money laundering (AML) regulator and specialist financial intelligence unit, has released to its members a comprehensive Anti-Money Laundering E-Learning program. The program was developed for AUSTRAC by Knowledge Platform, the leading provider in Asia-Pacific of E-Learning solutions in the area of compliance, governance and risk management.
The E-Learning program is intended to assist the large number of Australian institutions which need to train their employees on AML measures generally and Australia’s AML regulations specifically. Among other subjects, the program covers the general background of AML, the stages of money laundering, know-your-customer policies, recognising suspect transactions, Counter-Terrorism Financing (CTF), best practices in AML and CTF compliance and the basic provisions of the Australian Financial Transaction Reports Act 1988 (FTR Act).
Given the prospect of an evolving regulatory and standards environment, AUSTRAC identified E-Learning as an effective solution to create AML and CTF awareness and compliance competence across an organization in a rapid and cost effective manner. Knowledge Platform, with its wide range of experience across the Asia/Pacific region in developing AML and compliance E-Learning courses, leveraged its expertise and existing AML content to develop an E-Learning solution customized for AUSTRAC and the Australian market. Knowledge Platform was supported in this activity by Carreker Corporation, its AML technologies partner.
“AUSTRAC has taken a very proactive view of providing training on-demand to the Australian market and Knowledge Platform is delighted and honoured to be a part of this initiative.” Stated Mahboob Mahmood, CEO of Knowledge Platform. “We are now working on developing highly effective Anti-Money Laundering and Counter-Terrorism Financing compliance E-Learning solutions that are targeted towards specific industries and specific job functions within an organisation. Our new solutions include tracking and assessment of learner performance.”
AUSTRAC’s E-Learning program is available to the general public at the following URL- http://www.austrac.gov.au/aml_elearning
AUSTRAC is Australia’s anti-money laundering regulator and specialist financial intelligence unit. In its regulatory role, AUSTRAC oversees compliance with the reporting requirements of the Financial Transaction Reports Act 1988 by a wide range of financial services providers, the gambling industry and others. In AUSTRAC’s intelligence role, it provides financial transaction reports information to State, Territory and Australian law enforcement and revenue agencies. For additional information regarding AUSTRAC, visit http://www.austrac.gov.au.
Carreker Corporation improves earnings for financial institutions around the world. The Company’s integrated consulting and software solutions are designed to increase clients’ revenues and reduce their expenses, while improving security and increasing the value of their customer relationships. Carreker provides products and services to more than 250 clients in the United States, Canada, the United Kingdom, Ireland, continental Europe, Australia, New Zealand, South Africa, South America, Mexico, and the Caribbean. Headquartered in Dallas, Texas since 1978, Carreker Corporation has offices in London and Sydney. For additional information, visithttp://www.carreker.com.
About Knowledge Platform
Founded in 2000, Knowledge Platform is an award-winning knowledge solutions provider in the Asia-Pacific region. From our offices in Singapore, Islamabad, Dubai, Delhi and Tokyo, we deliver a range of knowledge solutions: learning and knowledge management strategy, client enablement, content licensing and development, learning technology solutions, and instructional design training. Our multinational team of researchers, curriculum developers, trainers, instructional designers, programmers, graphic designers and multimedia specialists deliver innovative knowledge solutions for a blue chip multinational, regional and national client base.