Anti-Money Laundering and Counter-Terrorism Financing obligations have expanded across financial services and newly regulated industries, creating new requirements for governance, risk management and compliance.
CRS helps organisations design, implement and maintain effective AML/CTF programs that are risk-based, practical, proportionate and regulator-ready.
We undertake independent reviews to assess program effectiveness, identify gaps and provide practical recommendations for improvement.
We establish governance structures, reporting mechanisms and accountability frameworks that support ongoing compliance and Board and senior management oversight.
We assist organisations preparing for expanded AML/CTF obligations by developing frameworks, policies and compliance programs tailored to their industry and risk environment. READ OUR BLOG →
CRS brings together compliance, governance and risk specialists with practical experience designing and reviewing AML/CTF frameworks across highly regulated industries.
Our approach focuses on creating sustainable compliance programs that support both regulatory obligations and operational efficiency.
AML/CTF compliance refers to the legal obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, which require reporting entities to identify, assess, manage and mitigate money laundering, terrorism financing and proliferation financing risks. These obligations include customer due diligence, ongoing customer monitoring, reporting suspicious matters and developing and maintaining an effective AML/CTF program.
Organisations must develop and maintain an AML/CTF program appropriate to their business and risk profile, and comply with applicable AUSTRAC requirements.
AML/CTF obligations apply to a wide range of regulated entities, including financial services businesses and newly regulated non-financial sectors.
This includes:
Tranche 2 AML/CTF reform refers to the expansion of Australia’s financial crime laws to include additional high-risk industries that were previously outside the regime. This significantly broadens compliance obligations, requiring affected organisations to implement AML/CTF programs, risk assessments and reporting systems for the first time. CRS supports organisations implementing and embedding these new obligations into their operations.
Organisations subject to the Tranche 2 AML/CTF reforms should assess their financial crime risks, review current governance arrangements and identify gaps in compliance capability.
Key compliance activities include:
CRS helps organisations develop practical AML/CTF compliance frameworks that align with AUSTRAC requirements and operational realities.
While we have extensive experience supporting AFSL holders and financial services organisations, CRS also works with professional services firms, real estate businesses, fintechs and other organisations subject to Australia’s expanded AML/CTF framework, including Tranche 2 businesses. Our AML compliance consultants provide tailored support based on the size, complexity and risk profile of each organisation.
For start-up AFSL holders, establishing a compliant AML/CTF framework early is critical to reducing regulatory risk and supporting sustainable growth.
CRS assists with:
Our approach helps embed AML/CTF compliance into business operations from the outset, supporting compliance alongside business growth.
Yes. We provide independent reviews designed to assess both the design and operating effectiveness of AML/CTF programs and identify opportunities for improvement.
Speak with our financial crime specialists about AML/CTF program design, independent reviews and Tranche 2 readiness.
