• AML/CFT Health Check - Australia Template

    The AML/CFT Health Check Tool contains a template specifically for Australian reporting entity’s who offer designated services and are obligated to comply with the AML/CTF Act 2006, which is based on the latest compliance guide issued by AUSTRAC.

    Download BrochureRequest a demo

The world’s first dedicated online AML/CFT compliance assurance monitoring solution

Track compliance against obligations, manage actions, issues and risks and obtain big data analytic insights on compliance data!

AML/CFT Health Check – Australia Template

The AML/CFT Health Check Tool contains a template specifically for Australian reporting entity’s who offer designated services and are obligated to comply with the AML/CTF Act 2006, which is based on the latest compliance guide issued by the Australian Transaction Reports and Analysis Centre (AUSTRAC).

This pre-defined template contains over contains over 300 out-of-the-box questions across the following chapters of the compliance guide:

  • General
    • Nature and scope
    • AML/CTF compliance structure
    • AML/CTF policies and procedures
    • Permanent establishments overseas
    • Regulatory attention
  • Part B – Developing an AML/CTF Program – Customer Due Diligence Procedures

    • Customer due diligence procedures – general
    • Collecting and verifying customer identification information
    • Identifying and verifying the beneficial owner of a customer
    • Responding to discrepancies that arise while verifying customer and beneficial owner information
    • Politically exposed persons
    • Special circumstance and exemptions that apply for CDD obligations
  • Part A – Developing an AML/CTF Program
    • Conducting an ML/TF Risk Assessment – General, Products/Services, Channels, Jurisdictions, Customers, Politically Exposed Persons, permanent establishments overseas
    • Approval and oversight by boards and senior management
    • Appointing an AML/CTF compliance officer
    • Regular independent review of Part A
    • Employee due diligence program
    • AML/CTF risk awareness training program
    • AUSTRAC feedback
    • Reporting obligations
    • Ongoing customer due diligence (OCDD) – general, transaction monitoring program, enhanced customer due diligence program and procedures
  • Chapter 7 – Reporting obligations
    • Threshold Transaction Reports (TTRs)
    • International Funds Transfer Instructions Reports (IFTIs)
    • Electronic Funds Transfer Instructions (EFTIs)
    • Suspicious Matter Reports (SMRs)
    • Cross Border Movements
    • AML/CTF Compliance Reports
  • Chapter 8 – Record-keeping obligations
    • General
    • Transaction records
    • Records of identification records
    • Authorised deposit-taking accounts
    • Correspondent banking
    • Remittance registration
    • Retention periods
    • Obligations for members of a designated business group
    • Exemptions from record-keeping obligations
    • Requirements for certain gambling services
    • Record-keeping and privacy

Based on guidance developed by

REQUEST A CALL

  • This field is for validation purposes and should be left unchanged.

(c) Financial Crimes Consulting Pty Ltd (Trading as Arctic Intelligence) | ACN: 149 878 875 | All rights reserved