Resources & Blog

Most organisations have a risk appetite statement, typically embedded in the enterprise risk framework, approved by the board, and reviewed annually. It often includes well-crafted phrases like, 'We have no risk appetite for non-compliance'. But here’s the...

A Compliance Officer’s worst nightmare ... A bank teller leans in and whispers to a customer: “They’re onto you, you might want to lay low for a while.” It’s exactly the kind of scenario tipping off laws are meant to prevent — the kind that prejudices an investigation...

Compliance reporting can feel as daunting as tax season, especially with new questions and heightened scrutiny from AUSTRAC in 2024. However, a proactive approach can transform this task from a headache into an opportunity to strengthen your compliance program....

With the introduction of Tranche 2 AML/CTF reforms, a wave of new, mostly smaller entities, lawyers, accountants and real estate agents are now grappling with compliance obligations once reserved for the Tranche 1 entities. For many of these organisations, the...

Technology advancements in transaction monitoring, customer due diligence, and automated suspicious matter reporting (SMR) have strengthened AML/CTF programs, however one factor remains critical: data quality. Even the best designed AML/CTF programs can fail without...

In today’s highly regulated environment, maintaining a positive and productive relationship with regulators is essential, especially in the AML/CTF space. Regulatory engagement is not just about compliance; it’s about building trust, demonstrating proactive risk...

Creating and maintaining an effective Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) program can feel overwhelming. Legal requirements, regulatory guidance, a myriad of internal risk management and governance frameworks, and several underlying...