Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSAML802 Mapping and Delivery Guide
Design and assess controls to monitor money laundering and terrorism financing risk
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSAML802 - Design and assess controls to monitor money laundering and terrorism financing risk |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to design and implement procedural controls to proactively identify money laundering and terrorism financing risks for an organisation. It covers developing risk analysis criteria to assess an organisation's risk exposure and the design, implementation and monitoring of controls which must be flexible and responsive to changes in money laundering and terrorism financing typologies.It applies to individuals who lead and review organisation wide activities, exercise significant autonomy, responsibility and accountability and contribute to the goals and operations of the organisation. They will typically have responsibility for the establishment and review of significant programs within the organisation. They use cognitive and creative skills to review, critically analyse, consolidate and synthesise knowledge, generate ideas and provide solutions to complex problems. No licensing, legislative or certification requirements apply to this unit at the time of publication. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the AML/CTF field and include access to: relevant legislation, regulations, standards and codes relevant organisational records, policies and procedures organisational reporting system for suspicious transactions or case study scenarios. Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards. |
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Prerequisites/co-requisites | |||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Analyse requirements and develop risk evaluation criteria |
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Element: Assess the organisation’s current exposure |
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Element: Design and implement controls |
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Element: Monitor and maintain the effectiveness of controls |
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Element: Assess the organisation’s current exposure |
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