China has recruited the services of former police detectives in Australia and other
Western countries to help it recover millions of dollars in alleged "hot money"
taken out of the country. Mark Willacy's investigation, Project Dragon,
featuring Neil Jeans of Initialism, appeared on ABC's Four Corners in
Significant changes in Australia’s Anti-Money Laundering (AML)
and Counter Terrorism Financing (CTF) law commenced
in 2017 which may affect your business.
There is now an increased regulatory focus on
AML/CTF compliance, which means it’s more
important than ever that you have in place appropriate
AML/CTF compliance arrangements.
Our fast, easy and cost-effective compliance solutions
bring together over 30 years of expert knowledge and
experience to support your business' compliance
with its' AML/CTF obligations.
AML/CTF is activity designed to manage and/or mitigate the risk that legitimate businesses are being used to launder money or fund terrorism.
AML/CTF laws and regulations require businesses to make it harder for themselves to be used to launder money and fund terrorism, and when they are or suspect they are report it to the authorities.
Initialism provides proportionate and effective compliance solutions to support your business achieving and maintaining AML/CTF compliance.
The AML/CTF Act sets out the products and services vulnerable to money laundering and terrorist financing.
Anyone providing a designated service is called a ‘reporting entity’ and is captured under the AML/CTF Act.
The AML/CTF Rules detail what reporting entities must do to comply with the AML/CTF Act. The Rules are made by AUSTRAC.
Initialism provide AML/CTF compliance solutions for all regulated entities across the Financial Services Industry, as well as all Designated Non-Financial Businesses and Professions (DNFBPs).
An AML/CTF program is the activity, systems and controls put in place and operated by a reporting entity to mitigate and manage their ML/TF risks and comply with the requirements of the AML/CTF Act and Rules. The activity set out in the AML/CTF program should be ‘risk based’, which means a reporting entity must fully understand and document it’s ML/TF risks
There is an increased regulatory focus on AML/CTF compliance to:
With the increased regulatory focus on AML/CTF compliance having a comprehensive AML/CTF response in place is vital if you are to comply with evolving AML/CTF Act and AML/CTF Rules.
Initialism’s AML/CTF compliance solutions can support you in keeping up with compliance requirements as they evolve.
The AML/CTF Act and Rule amendments mean the below industries are now regulated, or will soon be regulated. Click your industry to find out more and start the journey towards AML/CTF Compliance:
Initialism are the AML/CTF experts, so you don’t have to be.
With over 30 years of expert knowledge and real world experience, our AML/CTF compliance solutions will help you to navigate your legal and regulatory requirements so that your business complies with its AML/CTF obligations in the fastest and most cost-effective way.
Initialism has a range of AML/CFT Program solutions to support your business in becoming AML/CFT compliant and maintaining compliance:
Our solutions allow you to tailor support based on your capacity, experience and budget.
Initialism can also provide training and advisor AML/CTF solutions that can help your business achieve and maintain AML/CTF compliance:
Our expertise covers all AML/CTF disciplines allowing us to bring unique perspectives, approaches and solutions to your AML/CTF challenges
Our AML compliance knowledge covers all industry sectors and we understand what compliance means for your business
We deliver workable AML compliance solutions to regulated business, each with their own unique challenges
Our knowledge and expertise has been hard earned and comes from working in the area of AML/CTF for many decades
We have experience providing tried and tested AML compliance solutions, regardless of the size and complexity of your business
Our AML/CTF compliance solutions are flexible and can be tailored to your capacity, experience and budget
I really enjoyed the day and was very impressed by your product. I walked away with a better appreciation of the AML risk factors in our business and how they can be mitigated.
Thank you for conducting an informative, comprehensive and surprisingly entertaining AML/CTF workshop. Knowing that we have the support of the Initialism team gives us an exceptional degree of confidence that we will be meeting and exceeding regulatory expectations moving forward.
Thank you Initialism! Your team has put together an outstanding program that explains in everyday language the new AML/CTF and AUSTRAC rules effecting Cryptocurrency businesses. If you want the why, how and an action plan the Digital Currencies AML/CTF Workshop is a must attend.