Expert AML/CTF compliance advisory for Australian businesses — from understanding your obligations for the first time, through to developing a compliant program and independent policy review.
Understanding whether your business is subject to Australia's anti-money laundering laws is the essential first step — and the answer may surprise you. Size is not a factor. A one-person operation can be a reporting entity just as a major bank can be.
You are a reporting entity if your business provides a designated service with a geographical link to Australia. The list of regulated businesses expanded significantly on 1 July 2026 under Tranche 2 reforms.
A compliant AML/CTF program is more than a document — it must reflect how your business actually operates. We help you build a practical, AUSTRAC-aligned program from the ground up.
Under section 26B of the AML/CTF Act, a compliant program must address all of the following:
AUSTRAC's focus in enforcement: documented controls must match actual operational practices. A program that sits in a drawer — untested and untrained — is not a compliant program.
An independent review is not just good practice — it's a legal obligation for reporting entities. We assess your existing program against current AUSTRAC expectations and flag gaps before a regulator does.
We benchmark your current documentation against the AML/CTF Act and AUSTRAC's guidance notes — identifying missing elements, outdated procedures, and areas of non-compliance.
We assess whether your customer due diligence procedures — including identity verification, beneficial ownership, PEP screening, and enhanced due diligence — meet current requirements.
We check that your SMR, TTR, and IFTI obligations are clearly documented, consistently followed, and that staff understand what triggers a report and how to lodge one.
The highest-risk finding for AUSTRAC: documented controls that don't match how the business actually operates. We interview key staff and observe processes to identify this gap.
A structured, transparent process with clear deliverables at every stage.
Many Australian businesses assume that purchasing a compliance platform satisfies their AUSTRAC obligations. It does not. Software is a tool — compliance is a professional discipline that requires expert human judgement.
Critical risk: template programs are non-compliant Many platforms auto-generate AML/CTF programs without analysing your actual business. AUSTRAC requires your program to reflect your specific size, nature, and risk profile. A generic template that hasn't been tailored by a professional does not satisfy the law — and carries the same enforcement exposure as having no program at all.
Want the full picture?
Read our in-depth guide: why AML software alone won't keep you compliant — and what a genuinely defensible program looks like.
We combine specialist AML/CTF knowledge with plain-language guidance — so your compliance program actually works in the real world, not just on paper.
We build compliance programs that work in the real world. We understand that a one-person accountancy practice has very different needs to a mid-size law firm — and we tailor our advice accordingly.
We know what AUSTRAC looks for in an enforcement context. Our reviews and programs are built to withstand scrutiny — because a compliant program shouldn't just look good, it should hold up.
We use AI tools to enhance the speed and depth of our analysis — but professional judgment underpins every recommendation. AI enhances efficiency; it does not replace expertise.
From solo practitioners newly caught by Tranche 2 reforms to established financial services providers — we work with businesses of every size and complexity across all regulated sectors.
No vague recommendations. Every engagement produces written deliverables — programs, assessments, reports — that you can implement, present to your board, and rely on in a regulatory context.
We quote clearly before we start. Whether it's a standalone review or full program development, you'll know exactly what you're getting and what it costs — no billing surprises.
Whether you need a quick answer or want to discuss a full engagement, we're ready to help. Reach out by phone, email, or book a time directly below.
Choose a time that works for you — no back and forth.