Qualification Outline
22/07/2026 7:56 AM AWST
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Diploma of Applied Anti-Money Laundering and Counter Terrorism Financing Management
Diploma of Applied Anti-Money Laundering and Counter Terrorism Financing Management
FNS51715
AVY2
Deleted
Deleted
National Endorsed, State Implementation and Classification
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 2.00 | 22/04/2015 | Current | Approved |
| 1.00 | 25/03/2015 | Replaced | Approved |
Description
This qualification is designed for individuals in anti-money laundering and counter terrorism financing (AML/CTF) job roles. Individuals in these roles have autonomy in performing technical operations, apply solutions to a range of often complex problems, and research, analyse and evaluate information from a variety of sources. They apply initiative to plan, coordinate and evaluate their own work and provide guidance to others. Individuals have particular obligations in providing designated services under the AML/CTF Act. These relate to customer due diligence, reporting and record keeping.
Licensing/Regulatory Information
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
Schedule
Packaging Rules
Total number of units = ten (10)- six (6) core units plus
- four (4) elective units
The elective units consist of:
- one (1) from Group A
Of the remaining three (3) units:
- up to three (3) may be from Group B
- up to three (3) may be from a Certificate IV, Diploma or Advanced Diploma in any currently endorsed training package or accredited course.
The elective units chosen must be relevant to the work outcome and meet local industry needs.
1. Core Units
All six (6) units must be completed.
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| AUR91 | FNSINC502 | Assess financial products and services vulnerability to money laundering and terrorism financing | 70 | Unit of competency |
| AUS85 | FNSRSK502 | Assess risks | 40 | Unit of competency |
| AUR11 | FNSFMK505 | Comply with financial services regulation and industry codes of practice | 40 | Unit of competency |
| AUS41 | FNSORG502 | Develop and monitor policy and procedures | 50 | Unit of competency |
| AUJ05 | BSBCOM503 | Develop processes for the management of breaches in compliance requirements | 30 | Unit of competency |
| AUS94 | FNSRSK501 | Undertake risk identification | 40 | Unit of competency |
2. Group A Elective Units
One (1) unit must be chosen from Group A.
Please refer to the packaging rules for the full details of available options.
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| AUS93 | FNSRSK602 | Determine and manage risk exposure strategies | 50 | Unit of competency |
| AUS79 | FNSRSK601 | Develop and implement risk mitigation plan | 50 | Unit of competency |
3. Group B Elective Units
Up to three (3) units may be chosen from Group B.
Please refer to the packaging rules for the full details of available options.
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| AUL69 | BSBRES401 | Analyse and present research information | 40 | Unit of competency |
| C8124 | PSPFRAU502B | Anticipate and detect possible fraud activity | 50 | Unit of competency |
| AUR93 | FNSINC601 | Apply economic principles to work in the financial services industry | 55 | Unit of competency |
| C8125 | PSPFRAU504B | Conduct fraud risk assessments | 30 | Unit of competency |
| C8126 | PSPFRAU505B | Develop fraud control plans | 30 | Unit of competency |
| AUI86 | BSBSUS501 | Develop workplace policy and procedures for sustainability | 50 | Unit of competency |
| AUI60 | BSBINM401 | Implement workplace information system | 40 | Unit of competency |
| AUH73 | BSBRKG404 | Monitor and maintain records in an online environment | 50 | Unit of competency |
| AUI52 | BSBWHS303 | Participate in WHS hazard identification, risk assessment and risk control | 30 | Unit of competency |
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| S733 | FNS51710 | Diploma of Applied Anti-Money Laundering and Counter Terrorism Financing Management | Qualification |
No information
Entry Requirements
Nil.
Traineeships and Apprenticeships