Qualification Overview
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Qualification Title | Anti-Money Laundering and Countering Financing of Terrorism Compliance Officer (Micro-credential) | |||
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Qualification Type | Micro-credential | |||
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Level | 4 | |||
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Credits | 8 | |||
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Subject Area |
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Strategic Purpose Statement |
The aim of the micro-credential course is to provide participants with the knowledge and skills needed to understand, navigate, and manage anti-money laundering and countering financing of terrorism (AML/CFT) obligations under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. The purpose of this micro-credential is to equip learners with the expertise needed to make informed decisions, mitigate risks, and promote compliance in their own organisations.
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Graduate profile |
Currently, there are no New Zealand qualifications or micro-credentials for training AML/CFT compliance officers that meet the requirements of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. The micro-credential will provide learners with the knowledge and skills needed for anti-money laundering and countering financing of terrorism. This will equip graduates to pursue career opportunities in financial institutions, legal and accounting firms, real estate agencies, and gaming and gambling institutions.
The micro-credential will also have a positive impact on the community by preventing anti-money laundering and the financing of terrorism which protect the community from the negative consequences of financial crime. Graduates of the micro-credential will be able to identify suspicious activities to help protect vulnerable individuals from exploitation and financial abuse. This will contribute to a financially empowered community, safeguarding individuals from fraudulent schemes. On successful completion of this micro-credential, learners will be able to: · Interpret and explain provisions within the anti-money laundering and countering financing of terrorism (AML/CFT) regulatory framework. · Analyse legal obligations of reporting entities and determine the appropriate application of those obligations. |
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Education pathways |
N/A
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Employment pathways |
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Entry Requirements |
Applicants must be New Zealand citizens or residents who are employed in a consumer credit role, finance, leasing, or credit-related insurance companies, or a credit reporting agency. Applicants must demonstrate English proficiency equivalent to an NCEA Level 1 in English, as the medium of instruction is English. If applicants do not have NCEA level 1 English, they can demonstrate their English proficiency in one of the ways below:
· Provide an IELTS report with an overall score of 5.5 with no band lower than 5.0, dated no earlier than two years from the date of application; or equivalent; or · Completion of a certificate programme NZQA level 4 or higher, in New Zealand, Australia, UK, USA and Canada; or · Special admission: a letter from the employer confirming their reading and writing skills. This will be followed by an interview prior to enrolment by the Academic Manager to confirm English proficiency. The applicant may also be asked to take an internal test for demonstrating their reading and writing skills if required. All special admission cases will be reviewed and approved by the Academic Committee at Strategi Institute. |
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Education Organisation | 2 Organisations can assist in gaining this qualification | |||
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Developed By | Strategi Institute Limited | |||
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Quality Assured By | New Zealand Qualifications Authority | |||
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Number | 5050 | |||
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Status | Current | |||
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Created | May 2024 | |||
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Next Review | June 2025 | |||
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Content |
LO 1: Interpret and explain provisions within the anti-money laundering and countering financing of terrorism (AML/CFT) regulatory framework.
LO 2: Analyse legal obligations of reporting entities and determine the appropriate application of those obligations. |
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