AML/CTF Services

Our Independent Review Service under the AML/CTF framework ensures your organisation's compliance and effectiveness in anti-money laundering and counter-terrorism financing efforts. We conduct thorough assessments of your AML/CTF policies, procedures, and controls, identifying gaps and recommending improvements. By providing an objective evaluation, we help you mitigate risks, enhance compliance, and maintain the integrity of your financial operations. Trust our expertise to safeguard your business against financial crime and regulatory scrutiny.

Our AML/CTF Risk Assessment service provides a comprehensive evaluation of your organisation's exposure to money laundering and terrorism financing risks. We meticulously analyse your existing processes, identify vulnerabilities, and assess the adequacy of your controls. By understanding your risk profile, we help you implement targeted strategies to mitigate these risks effectively. Our objective assessments ensure you remain compliant with regulatory requirements and fortify your defences against financial crime. Rely on our expertise to protect your business and enhance your risk management framework.

Our AML/CTF program development service ensures your organisation meets AUSTRAC guidelines and remains compliant with regulatory standards. The program includes regularly reviewed ML/TF risk assessments, senior management oversight, and the appointment of an AML/CTF compliance officer. It encompasses employee due diligence, risk awareness training, and consideration of AUSTRAC guidance. Our systems ensure AML/CTF reporting obligations are met and ongoing customer due diligence (OCDD) is maintained. Thorough customer and beneficial owner identification, verification processes, and management of politically exposed persons (PEPs) are integral to the program, ensuring effective risk management and compliance.

Our AML/CTF awareness training ensures employees in identified high-risk roles understand their obligations under the AML/CTF Act and Rules, the consequences of non-compliance, the specific ML/TF risks the business may face, and the internal AML/CTF processes and procedures. The training program includes processes, systems, and controls tailored to identified employees to manage ML/TF risks. 

We design training based on industry feedback and AUSTRAC commentary commensurate to our client's ML/TF risks and industry better practices that staff should be made aware of.

Our Board awareness sessions ensure that senior management understands their obligations under the AML/CTF Act and Rules, the consequences of non-compliance, and the ML/TF risks the business may face. These sessions cover the AML/CTF processes and procedures specific to the business, providing tailored training to help senior management understand the ML/TF Program, risk exposure and the current legal framework. This fosters informed oversight and compliance from the board and senior management. Our sessions are unique and add valuable legal and other financial crime-type information for the board's consideration. 

When clients encounter regulatory issues, we provide immediate and comprehensive support to ensure compliance and mitigate risks. Our response includes thoroughly assessing the problem, developing a tailored action plan, and directly engaging with regulatory authorities. We offer expert guidance on rectifying compliance gaps, implementing corrective measures, and enhancing internal controls. Our proactive approach ensures clients navigate regulatory challenges effectively, maintaining their reputation and operational integrity.