Anti-Money Laundering Training Course (NZ Version)

Why is the Anti-Money Laundering (NZ) Course Important?

Money laundering and terrorism financing expose organisations to severe criminal, regulatory and reputational risk. Even inadvertent failures — missed customer checks, unreported suspicious transactions, or weak controls — can lead to investigations, fines and damage to trust with customers and partners.

This course maps back to the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (NZ) and relevant guidance from the Department of Internal Affairs. It focuses on the practical steps staff must take to meet customer due diligence, suspicious activity reporting and recordkeeping obligations. Completing this training helps reduce risk and demonstrates a proactive compliance approach in audits and regulator reviews.

Who Should Complete this Course

• Staff who accept or process customer payments and transfers
• Customer-facing teams required to perform Know Your Customer (KYC) checks
• Finance, compliance and operations staff responsible for monitoring transactions
• Managers and supervisors who must recognise and escalate suspicious matters

Topics Covered

• Preventing money laundering – Short scenarios that show prevention controls and staff responsibilities.
• How money is laundered – Typical laundering methods, red flags and real-world examples.
• Terrorism financing – How financing differs from laundering and indicators to watch for.
• Managing risk – Risk-based approaches, internal controls and escalation pathways.
• Know your customer (KYC) – Customer ID, verification steps and ongoing due diligence.
• Threshold transactions and suspicious matters – Reporting requirements, thresholds and how to lodge suspicious activity reports.
• Money transfers – Cross-border transfers, correspondent banking and safe handling practices.

Course Experience

• Fully online and accessible anytime
• Interactive and scenario-based learning
• Self-paced completion (pause/resume anytime)
• Assessment (15-question quiz, 100% pass required)
• Instant digital certificate on completion
• Accessible design (WCAG 2.2 AA compliant; suitable for all literacy levels)

Assessment

To successfully complete this course, you must achieve a minimum of 15 out of 15 correct answers in the assessment.

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Learning Outcomes

Upon completion of this training, participants will be able to:

• Identify common money-laundering techniques and red flags.
• Apply KYC and customer verification procedures correctly.
• Understand your organisation’s obligations under the AML/CFT Act 2009 (NZ).
• Respond appropriately to suspicious transactions and escalate as required.
• Contribute to accurate recordkeeping and audit readiness.

Organisational Benefits

By completing this training course, your organisation will achieve:

• Reduce regulatory and financial risk by strengthening first-line controls.
• Improve audit and regulator readiness with consistent staff knowledge and records.
• Lower the chance of fines, enforcement action or reputational damage.
• Shorten investigation time by improving internal reporting and escalation.
• Demonstrate to customers and partners a clear commitment to AML compliance.