The Australian AML/CTF Act - Preparing for an Independent Review

Instructor: David Harley
Product ID: 704662
  • Duration: 90 Min
This training program will discuss the planning and preparation needed for an independent review, or any other review of an AML/CTF program, and consider the stakeholders who need to be identified and managed throughout the field work, the impact on the business as they continue with business as usual as well as the likely areas where issues may be found. Understanding the process of an independent review provides the opportunity to test the implementation of your program before hand and call out some issues that need focus before any review commences.

recorded version

1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section
Last Recorded Date: Jan-2018

Training CD / USB Drive

One CD/USB is for usage in one location only.
(For multiple locations contact Customer Care)
CD/USB and Ref. material will be shipped within 15 business days

Customer Care

Fax: +1-650-362-2367


Read Frequently Asked Questions

Why Should You Attend:

Whether or not you are subject to the Australian AML/CTF act and its requirement for an independent review, every AML/CTF program should have an independent review of its implementation and operation to provide a level of comfort to the organization as to the effectiveness of the program. The key to any review is framing it as a positive act that can help build on the program rather than one that is negatively focused.

The webinar presenter has worked in both law enforcement dealing with proceeds of crime and in the financial services industry managing and consulting on AML/CTF since the early 1990s. This webinar will identify the key considerations for planning a review, such as:

  • Can the independent review support the MLRO in providing a path to maturity for the program?
  • What level of assurance do you want?
  • Should you include your Part B KYC program?
  • Who should I get to perform the review?
  • What independence considerations are there?
  • What type of report do I want?
  • What additional value can I get from the review?

During the course of the discussion, attendees will explore typical issues identified by the presenter in independent reviews over the last 7 years and provide case studies to assist you in identifying some small, but important, areas where additional work may be needed. The webinar will give the audience added confidence, understanding and clarity in managing any form of independent review.

Areas Covered in the Webinar:

  • The four key requirements of an AML/CTF review
  • Assurance (positive or limited) or review
  • Full reporting or reporting by exception
  • Extending the review to cover Part B
  • Reporting by exception or a detailed report
  • Common issues identified in reviews

Who Will Benefit:

  • Money Laundering Compliance Officers
  • Compliance Managers and Officers
  • Risk Managers and Officers
  • Board Members/Directors
  • Chief Risk Officers/Chief Compliance Officers
  • Internal Audit Managers or Executives
Instructor Profile:
David Harley

David Harley
Director, Delta Financial Crime Consulting Pty Ltd

David is an exceptionally skilled and effective Anti-Money Laundering, Anti-Corruption and Anti-Fraud professional with over 30 years of experience preventing, detecting and resolving issues that relate to fraud and corruption. He has acquired extensive experience across a broad range of industries and products, with comprehensive specialist expertise in the areas of Financial Services, Gambling, Mining and Government. Has taken the investigative lead in a range of anti-money laundering assignments, fraud and corruption investigations and fraud risk management engagements across multiple jurisdictions, including Australia, Bangladesh, China, the Philippines, Indonesia, Cambodia, Fiji, Papua New Guinea and the Pacific Islands.

David worked in law enforcement investigating serious and organized crime before moving to Financial Services where he worked in and managed financial crime functions for two Australian banks. In 2008 he joined PriceWaterhouseCoopers and led the forensic services teams in Brisbane and then Melbourne as an Executive Director / Principal. David was responsible for and lead many engagements in relation to AML/CTF and Sanctions for some of Australia’s largest banks and supported reviews of overseas banks. In 2014 David left PwC, on good terms, to work for himself, occasionally contracting back to PwC. From July 2015 to March 2016 David contracted to Tabcorp as an SME, assisting initially in the litigation and then in the development and implementation of a new AML/CTF program. This included working with the Financial Crime team and for a period managing the operations team which included transaction monitoring, ECDD and managing high risk customers across the globe.

David possesses an extensive repertoire of strategic and tactical knowledge and skills, including forensic technology, forensic accounting, data analysis and a range of investigation skills/methodologies, and is able to provide commercially and ethically sound remediation recommendations and systems-based solutions to mitigate future risks. He takes a holistic approach to risk and issue management and is committed to leaving a lasting and beneficial impact on businesses that extends long after the engagement is completed.

David is a registered auditor for the purposes of the Australian AML/CTF act, a Certified Anti-Money Laundering Specialist and a Certified Fraud Examiner.

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Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.

If you have any concern about the content of the webinar and not satisfied please contact us at below email or by call mentioning your feedback for resolution of the matter.

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