Contents
Overview
BGL Firm Verify users have access to a range of online Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) training courses through the BGL Learning Channel.
These courses help accounting firms and their staff understand AML/CTF obligations, customer due diligence requirements, risk assessments, and other compliance responsibilities. Training is self-paced and can be completed at any time. Access is included at no additional cost for all users of BGL products.
Access the BGL Learning Channel
Existing BGL product users
If you already have access to a BGL cloud product, you can access the Learning Channel directly from the App Switcher.
1 |
From the top right corner of your BGL product, select the App Switcher and click Learning Channel. |
2 |
Select Learning Library from the main toolbar to view all available courses. |
3 |
Select your Course to begin. |
For detailed instructions, refer to:
Users without a BGL product login
If you don't currently have access to a BGL cloud product or the Learning Channel, contact BGL Support. Our team can arrange access so you can complete the available AML training courses.
Available AML training courses
AML/CTF Essentials for Australian Accountants
This learning pathway introduces the core AML/CTF obligations applicable to Australian accounting firms and staff. It currently includes six courses:
Introduction to Compliance Duties
Learn about:
- AML/CTF legislation and regulatory requirements
- Reporting entity obligations
- Governance and compliance responsibilities
- Employee responsibilities and record-keeping
Designated Services
Learn about:
- Services that may be considered designated services under AML/CTF legislation
- When AML obligations apply
- Compliance requirements for designated services
- Practical examples relevant to accounting firms
Risk Assessments
Learn how to:
- Identify money laundering and terrorism financing risks
- Assess risk within your practice
- Apply a risk-based approach to compliance
- Document and maintain AML risk assessments
Initial Customer Due Diligence (CDD)
Learn about:
- Identifying and verifying customers and other specified persons before providing a designated service
- Collecting and verifying know-your-customer (KYC) information
- Assessing a customer's money laundering and terrorism financing (ML/TF) risk at onboarding
- Beneficial ownership and source of wealth/funds considerations
Ongoing Customer Due Diligence (CDD)
Learn about:
- Monitoring customer transactions and behaviour throughout the business relationship
- Identifying changes in a customer's risk profile over time
- Keeping customer information current and re-verifying when risk indicators change
- Record-keeping obligations for ongoing monitoring
Enhanced Customer Due Diligence (CDD)
Learn about:
- When enhanced CDD is required (e.g. high-risk customers, PEPs, unusual or complex transactions)
- Additional verification and information-gathering steps
- Managing and mitigating higher ML/TF risk
- Escalation and reporting obligations for high-risk customers
Additional AML training courses and compliance resources may be added as regulatory requirements evolve.
Frequently asked questions
Will there be different learning paths for different roles within my firm?
At this stage, all AML/CTF courses on the Learning Channel are designed to give a foundational understanding of AML/CTF obligations for all staff within an accounting practice. The current course suite is suitable for all team members, regardless of role, and provides a strong foundation for AML/CTF compliance.
Will role-specific learning paths be introduced?
Yes. Role-specific learning paths — tailored to Partners, Compliance Officers, client-facing staff, and administration teams — are in development and will be introduced in a future update. In the meantime, the AML/CTF Essentials pathway is designed as a foundational program suitable for all staff.
This article covers the AML/CTF Essentials pathway on the BGL Learning Channel. For questions about your firm's AML/CTF obligations, refer to current AUSTRAC guidance or your compliance adviser.