SERVICES
AML/CTF SERVICES
Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Compliance
The Australian Transaction Reports and Analysis Centre (‘AUSTRAC’) is the administrator of the AML/CTF regime and the Financial Intelligence Unit (‘FIU’) in Australia.​
The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) (the ‘AML/CTF Act’, the ‘Act’) and the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No.1) (Cth) (the ‘AML/CTF Rules’, the ‘Rules’) impose various obligations on persons captured by the definition of ‘reporting entity’ under section 5 of the Act. A reporting entity refers to a person that offers one or more designated services as defined in section 6 of the Act.
Our team at Anthos Advisory has been working in the AML/CTF space for five years and counting. We prioritise your ease of mind and your business's protection by focusing on understanding practical challenges and help you figure out how to solve the problems. Our services include Remittance & Remittance Network, Managed Investment Schemes (MIS), Over-the-counter (OTC) Derivatives Issuers & Market Makers, Currency Exchange and Financial Planning.
ML/TF/PF Risk Assessment
We will ensure that your AML/CTF Program and ML/TF/PF Risk Assessment meet obligations.
AML Legal Advice
Anthos Advisory provides and specialises in advice on the current and new AML/CTF Act.
AML Training
We provide AML/CTF Risk Awareness Training for businesses with obligations under the Act.
Consulting Advice & Support
We will help your business meet its AML act legal obligations, avoiding significant penalties.
AML Independent Review
Our team will ensure that your AML/CTF Program is reviewed on a regular basis.
AML Expert Witness
We have the knowledge and background to assist in you legal matter as an expert witness.
AUSTRAC Response
When the top AML/CTF regulator comes calling, our AML Experts have your corner.
AUSTRAC Investigations
Receiving a letter from AUSTRAC can be daunting. Let us help you respond to their request.
AML Assistance
Our AML experts at Anthos Advisory can with assist your business set up in Australia.
A Reporting Entity’s Obligations
A reporting entity may have a variety of obligations depending on the designated services it provides and how they are provided. A reporting entity will typically be required to...
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Establish and maintain an AML/CTF Program
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Have a designated AML/CTF Compliance Officer
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Train their staff on AML/CTF compliance solutions
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Conduct Know Your Customer (KYC)
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Comply with the ongoing customer due diligence (OCDD) obligations
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Comply with reporting obligations, such as suspicious matters reports (SMRs), threshold transactions reports (TTRs), International Funds Transfer Instructions (IFTIs), and annual compliance reports
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Review and update the AML/CTF Program
How we can help
As experienced AML/CTF compliance professionals, we can assist you with the compliance with obligations like...
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AUSTRAC enrolment and registration (Registration is required for remittance service providers and also cryptocurrency exchange providers)
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Drafting an AML/CTF Program and the associated policies and procedures that are tailored to your business
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Conducting AML/CTF compliance inductions and refreshers for your team
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Providing further roles-based training and guidance to the team members who are involved in the AML/CTF compliance regime in your organisation
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Providing ongoing guidance and assist your team with KYC, OCDD especially transactions monitoring and reporting
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Reviewing and updating your existing AML/CTF Program
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Independent review of Part A of the AML/CTF Program