FNSAML816 — Implement an anti-money laundering and counter terrorism financing program

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What an assessment for FNSAML816 must cover

37 assessable components: 3 elements (14 performance criteria), 5 performance evidence and 8 knowledge evidence requirements, plus 10 foundation skills. An audit-defensible tool maps every question and task back to these — that mapping is the coverage matrix Auditori generates alongside the assessment.

Elements & performance criteria

1 Implement an AML/CTF program

1.1Review requirements for new, redesigned or reconfigured AML/CTF program and develop an implementation plan
1.2Consult, negotiate and communicate implementation plan with stakeholders including work redesign and resource allocation
1.3Ensure procedures and/or system requirements are developed, tested and refined
1.4Analyse and adopt organisational change processes to integrate new, redesigned or reconfigured AML/CTF requirements
1.5Develop a communication strategy for promoting and sustaining staff awareness of AML/CTF program
1.6Consult with relevant personnel to ensure staff training programs and arrangements are established within required timeframes

2 Monitor an AML/CTF program

2.1Design monitoring and supervision processes to ensure regular reviews of AML/CTF compliance
2.2Collect, analyse and report performance data against program goals and performance criteria
2.3Ensure rectification of any AML/CTF related compliance failings
2.4Report and consult on progress and performance with stakeholders

3 Review and evaluate an AML/CTF program

3.1Monitor organisational business strategy and regulatory environment for changes that may impact on organisation’s AML/CTF program
3.2Consult with stakeholders on strategies for continuous improvement of organisation’s AML/CTF program
3.3Report review findings to senior management and/or Board as required
3.4Oversee communication of further changes to AML/CTF program to staff and ensure requirements are implemented

Performance evidence

implement and monitor one new, redesigned or reconfigured anti-money laundering and counter terrorism finance program.
In the course of the above, the candidate must:
document an implementation plan to address new or changed requirements for an anti-money laundering and counter terrorism (AML/CTF) program
design and implement a system to monitor and review AML/CTF program and organisational policies and procedures
gather and analyse data against program goals and performance criteria.

Knowledge evidence

regulatory and industry requirements relating to AML/CTF programs
organisational and industry standard processes for monitoring AML/CTF related compliance failings, including internal audit and compliance arrangements
standard methods and systems for capturing, collating, recording and managing information and data
key features of management planning tools
methodologies for data interpretation and analysis
processes for reviewing AML/CTF program and determining alignment to strategic operations, business strategy and regulation
impact of internal and external environmental factors on implementation of an AML/CTF program
organisational communication strategies.

Foundation skills

Learning: Plans and oversees implementation of training for staff to achieve organisational goals
Reading: Sources and critically analyses documentation from a variety of sources and records and consolidates information to determine requirements
Writing: Uses a range of formats and structures to report and present information logically for different audiences Develops material for a specific audience using clear and detailed language to convey information and recommendations
Oral communication: Participates in verbal exchanges using active listening and questioning techniques to convey information and elicit the views and opinions of key stakeholders Clearly explains detailed information using concepts, language, tone and pace appropriate to audience
Numeracy: Interprets, analyses and presents numeric and financial information
Self-management: Monitors and reviews organisational policies, procedures and adherence to regulatory requirements Uses a variety of communication tools and strategies in building and maintaining effective working relationships Accepts responsibility for planning and sequencing complex tasks and workload
Initiative and enterprise: Plays a lead role in situations requiring effective collaboration and high-level negotiation skills
Planning and organising: Develops and implements programs to ensure organisational goals are achieved and performance improved Monitors results against stated goals, adjusting plans and resources where necessary Develops flexible plans for routine and complex activities with strategic implications that involve a diverse range of personnel
Problem solving: Systematically gathers and analyses all relevant information, reviews data and evaluates options in order to inform decisions about complex organisational programs Analyses, assesses and interprets data to identify problems and improve systems
Technology: Uses digital systems and technologies to enter, store or access information

Unit content sourced from training.gov.au — © Commonwealth of Australia, licensed under CC BY 4.0. Auditori is not affiliated with the Department of Employment and Workplace Relations.

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Real, unedited Auditori output (RIIHAN201E shown), branded for a sample RTO:

Questions about assessing FNSAML816

What does an assessment tool for FNSAML816 need to cover?

To satisfy the Principles of Assessment and Rules of Evidence, an assessment for FNSAML816 needs to address all 37 unit components: 3 elements with 14 performance criteria, 5 performance evidence requirements, 8 knowledge evidence requirements, and the foundation skills. A coverage matrix mapping each question and task to these components is what an auditor looks for.

How does Auditori generate an assessment tool for FNSAML816?

Auditori pulls the current release of FNSAML816 from training.gov.au and generates a complete package: candidate assessment, assessor guide with model answers and observation criteria, and a coverage matrix mapping every component. A suitably qualified person then reviews and approves the draft in a built-in workflow — consistent with ASQA's guidance on AI use in VET — before export as branded PDF and editable Word.

Is the first assessment tool really free?

Yes. Every new account includes one free credit — enough to generate the complete assessment tool for FNSAML816 — with no card and no subscription required. After that it's pay-as-you-go per unit.

Can I check my existing FNSAML816 assessment instead of generating a new one?

Yes — upload your existing assessment or learner guide and Auditori maps it against every element, performance criterion, PE and KE of FNSAML816, showing exactly what's covered and what's missing. Mapping costs a quarter of a credit.

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