AML Experts will put your program through its paces. We work with you to identify gaps in Part A and Part B. With our guidance you will ‘know your customer’ and understand their financial activities.
With our due diligence you will identify any weak points in your program and mitigate the risk of exploitation or regulatory problems.
If your answer doesn’t satisfy AUSTRAC then you could find yourself in hot water.
Call AML Experts for a comprehensive risk assessment. We use the ISO91000 Risk Management Standard methodology which is recognised by AUSTRAC for compliance.
To ensure your staff members are aware, alert and vigilant to the money laundering risks in your business, make sure they are trained by AML Experts.
Inadequately trained staff can find you in breach of the AML Act. AML Experts will tailor the training for your operating environment and foster a keen awareness of suspicious financial activity.
As the Managing Director of Eastern & Allied t/a Hai Ha Money Transfer, I require all aspects of the business’ AML/CTF Compliance Program to be at or above the standard required by law and by AUSTRAC. To give me assurance that the AML/CTF Program is robust, I have engaged Paddy Oliver of AML Experts to carry out the independent reviews of the program.
Paddy has taken the time to understand how the remittance sector operates and specifically how business operates and has grown and changed over the years. Being a lawyer, and an AUSTRAC Authorised Auditor, he can interpret the AML/CTF Act as it relates to independent reviews and how our AML/CTF Compliance Program is designed and implemented.
Paddy is not afraid to challenge and test our AML/CTF controls and our people. His report is detailed but easily understood. The Recommendations are practical.
As the business is geographically spread, Paddy is more than willing to attend at our branch offices and agents to carry out the review.
I would recommend Paddy and AML Experts to carry out independent reviews and other AML-related work. Also, the review is under a fixed price contract which includes travel expenses.