In the next 10 minutes, assess how prepared your organisation is to meet the AUSTRAC June 30 deadline across a 3 factor readiness assessment:

1. Scope Likelihood

Are you likely regulated?

2. AML/CTF Risk Profile

How exposed is your business?

3. Implementation Complexity

How difficult will compliance be?

Most Firms Are Not Ready for AML/CTF Reform

With Tranche 2 reforms coming into effect, thousands of professional firms will be required to implement AML/CTF programs for the first time.

Most firms are facing:

  • Unclear obligations
  • No existing AML documentation
  • Confusion around AUSTRAC requirements
  • Limited internal capability