Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSINC502 Mapping and Delivery Guide
Assess financial products and services vulnerability to money laundering and terrorism financing
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSINC502 - Assess financial products and services vulnerability to money laundering and terrorism financing |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to develop and maintain an in-depth knowledge of the financial products and services provided by an organisation, or those an organisation uses, and how they may be applied to client needs.It applies to individuals who work in various financial services industry job roles and with a wide range of financial products or services.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 industry capability field and include access to: common office equipment, technology, software and consumables financial services product information. Assessors must satisfy NVR/AQTF assessor requirements. |
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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 products and services the organisation uses |
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Element: Undertake a money laundering and terrorism financing (ML/TF) risk assessment of organisation’s products and services |
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Element: Recommend end enhancements to anti-money laundering and counter terrorism financing (AML/CTF) systems to manage specific vulnerabilities of products and services |
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Element: Maintain product knowledge |
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Element: Undertake a money laundering and terrorism financing (ML/TF) risk assessment of organisation’s products and services |
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