FAQ

Businesses must develop an AML/CTF Program, implement customer due diligence processes, report suspicious transactions, maintain comprehensive records, and establish governance frameworks. The specific requirements vary by sector, but all newly regulated entities must enroll with AUSTRAC by 31 March 2026.

In-house implementation costs vary significantly based on business size and complexity, but industry estimates suggest figures ranging from $50,000 for small practices to over $250,000 for larger firms. Our outsourced model typically reduces these costs by 50-70% while ensuring full regulatory compliance.

While possible, in-house compliance requires significant expertise, systems, and ongoing resource commitment. Most newly regulated businesses lack the specialised knowledge needed for effective AML/CTF compliance, making outsourcing a cost-effective alternative that reduces compliance risks.

Our teams focus exclusively on Australian AML/CTF compliance, with specialised training in AUSTRAC requirements and Australian business practices. Unlike general BPO providers, we offer dedicated compliance specialists who work as an extension of your team, not just as a transactional service.

We design our processes to be minimally intrusive while meeting regulatory requirements. Our teams operate as an extension of your business, with client communications handled according to your preferences. Many clients appreciate the professional approach to compliance, which demonstrates your commitment to regulatory standards.

Our service includes ongoing regulatory monitoring and program updates. If AUSTRAC modifies requirements during the consultation period throughout 2025, we will automatically adjust your compliance program to ensure it remains fully compliant with the latest guidance.