ML/TF risk assessment
The entire Australian AML/CTF regulatory framework is risk-based. A proper assessment enables customer risk rating and influences the level of subsequent due diligence.
Training
Training implementation often falls short of program requirements. Training undertaken to satisfy the AFSL regulatory regime is not automatically relevant to AML/CTF obligations.
Transaction monitoring & SMR
Often absent or insufficient. Important for both due diligence and reporting obligations under section 41 of the AML/CTF Act.
What we offer
- Tailored compliance training
- Regular compliance reviews with reporting
- Report review and stakeholder meetings
- AUSTRAC liaison services
- Ad-hoc support