Ensure your AML/CTF compliance program is fit for now and into the future.
Get clear and meaningful, up-to-date coverage of applicable regulation and rules from our comprehensive AML/CTF program, which includes compliance planning, customer due diligence, reporting, and record-keeping requirements.
What is AML and why is AML/CTF important
Global financial crime regulators aim for a financial system free from abuse. As Australia’s financial crime agency, AUSTRAC’s purpose is to build resilience in the financial system and use financial intelligence and regulation to disrupt money laundering, terrorism financing, and other serious crime.
Businesses are best placed to know and understand what risks their products, channels, and customers pose. Did you know that AML/CTF law relies on regulated entities like yours to identify, mitigate and manage their ML/TF risk? Australia’s regulatory framework and AUSTRAC actually trust that you will follow sound AML/CTF risk management practices.
The AML/CTF Act is part of a legislative package which brings Australia into line with international best practice to deter money laundering and terrorism financing.
How FEP can help you meet your AML/CTF and risk awareness training requirements