Frequently Asked Questions

AML: Anti-Money Laundering refers to measures aimed at preventing money laundering activities by identifying and mitigating risks.

KYC: Know Your Customer is the process of verifying the identity of customers to ensure they are legitimate and to assess their financial activities for potential risks.

CTF: Counter-Terrorism Financing focuses on identifying and stopping the flow of funds to support terrorism activities.

We provide comprehensive AML/CTF compliance services, including developing risk-based compliance programs, customer due diligence, enhanced due diligence for high-risk clients, regulatory reporting support, and training. 

Tranche 2 extends AML/CTF obligations to new industries, including legal and accounting firms, real estate agents, and trust and company service providers. If your business falls into these categories, you’ll need to implement AML/CTF programs, conduct customer due diligence, and report suspicious transactions to AUSTRAC.

We work with a variety of industries, including banking, real estate, legal and accounting firms, cryptocurrency providers, and other sectors affected by AML/CTF regulations.

Yes, every business faces unique risks and regulatory challenges. We tailor our compliance solutions to align with your specific operations, risk profile, and industry requirements. 

Our team stays updated with AUSTRAC’s latest guidance and legislative changes. We integrate these requirements into your compliance framework to ensure adherence to Australian and international standards.

Absolutely. We assist businesses in preparing for AUSTRAC audits by reviewing existing compliance programs, identifying any gaps, and providing actionable recommendations to address areas of concern.

Yes, we deliver tailored training programs designed to educate your staff on their AML/CTF obligations, identifying suspicious activities, and ensuring compliance awareness across the organization.

Yes, we offer ongoing support to keep your compliance framework up-to-date with regulatory changes. This includes regular reviews, policy updates, and advisory services to manage emerging risks.