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 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.
There is an increased regulatory focus on AML/CTF compliance, with the AML/CTF Act and Rules being amended to:
There is now an increased regulatory focus on AML/CTF compliance and having a comprehensive AML/CTF responses 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 keeping up with compliance requirements as they evolve.
The AML/CTF Act and Rule amendments mean the below industries are now 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 to help you 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/CTF solutions to support becoming and maintaining AML/CTF compliance:
Our solutions allow you to tailor support based on your capacity, experience and budget.
*$AUD excl. GST
Our expertise covers all AML/CTF disciplines allowing us to bring unique perspectives, approaches and solutions to your AML/CTF challenges
Our AML/CTF compliance knowledge covers all industry sectors and we understand what compliance means for your business
We deliver workable AML/CTF 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/CTF 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
