AML/CTF Compliance Made Easy
AML/CTF Compliance Made Easy
AML/CTF Compliance Made Easy
MyTRAC® empowers your business to navigate complex AML/CTF regulatory obligations with ease.
MyTRAC® empowers your business to navigate complex AML/CTF regulatory obligations with ease.
MyTRAC® empowers your business to navigate complex AML/CTF regulatory obligations with ease.
By combining every compliance requirement into one intuitive platform, MyTRAC® is the only solution you need for Tranche 2 readiness.
By combining every compliance requirement into one intuitive platform, MyTRAC® is the only solution you need for Tranche 2 readiness.
By combining every compliance requirement into one intuitive platform, MyTRAC® is the only solution you need for Tranche 2 readiness.
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Know This Before Engaging
AML/CTF Service Provider
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Know This Before Engaging
AML/CTF Service Provider
i
Know This Before Engaging
AML/CTF Service Provider
i
Know this before Engaging
AML/CTF service provider
i
Know this before Engaging
AML/CTF service provider
Are You One of The Below Professional Service Provider?
Are You One of The Below Professional Service Provider?
Are You One of The Below Professional Service Provider?
Public Practice Accountants
Are you aware which services offered to clients fall under AML/CTF Designated Services?
Public Practice Accountants
Are you aware which services offered to clients fall under AML/CTF Designated Services?
Legal Professionals
Would you like to know about AML/CTF designated services applicable for legal professionals?
Legal Professionals
Would you like to know about AML/CTF designated services applicable for legal professional?
Legal Professionals
Would you like to know about AML/CTF designated services applicable for legal professionals?
Real Estate Professionals
Your services are regulated under the AML/CTF Laws as Designated Services
Real Estate Professionals
Your services are regulated under the AML/CTF Laws as Designated Services
Real Estate Professionals
Your services are regulated under the AML/CTF Laws as Designated Services
Public Practice Accountants
Are you aware which services offered to clients
fall under AML/CTF Designated Services?
Key Considerations
How to Assess AML/CTF Solution Providers
This is general guidance and not legal advise
Key Considerations
How to Assess AML/CTF Solution Providers
This is general guidance and not legal advise
Key Considerations
How to Assess AML/CTF Solution Providers
This is general guidance and not legal advise
Tranche 2 Specialisation
Ensure the provider understands obligations for your industry — this should not be a retrofit of banking, financial services solutions or other Tranche 1 entities
AUSTRAC Alignment
Confirm the provider references AUSTRAC guidance and updates systems as regulations evolve
Practical Integration
The solution should simplify compliance, not add administrative burden
Data Security & Governance
Providers must safeguard client information and comply with AML/CTF record-keeping requirements
Certified Expertise
Solutions should be developed or overseen by qualified AML/CTF professionals. By law, any person engaged must be knowledgeable, skilled, competent and act with integrity
Continuous Support
Compliance is not "Set and Forget"
Providers should offer ongoing guidance, updates, and monitoring to keep you
fully compliant
Accessorial Liability (Joint Liability)
Under accessorial liability provisions, advisers can be held accountable by AUSTRAC if their systems or advice contribute
to breaches. Ask how they ensure compliance, manage risk,
and support your obligations
Australian Experience & Local Support
The provider should have proven experience in Australia, with a deep understanding of Tranche 2 obligations, AUSTRAC requirements and be locally available to provide
ongoing guidance and support
Tranche 2 Specialisation
Ensure the provider understands obligations for your industry — this should not be a retrofit of banking, financial services solutions or other Tranche 1 entities
AUSTRAC Alignment
Confirm the provider references AUSTRAC guidance and updates systems as regulations evolve
Certified Expertise
Solutions should be developed or overseen by qualified AML/CTF professionals. By law, any person engaged must be knowledgeable, skilled, competent and act with integrity
Tranche 2 Specialisation
Ensure the provider understands obligations for your industry — this should not be a retrofit of banking, financial services solutions or other Tranche 1 entities
AUSTRAC Alignment
Confirm the provider references AUSTRAC guidance and updates systems as regulations evolve
Certified Expertise
Solutions should be developed or overseen by qualified AML/CTF professionals. By law, any person engaged must be knowledgeable, skilled, competent and act with integrity
Continuous Support
Compliance is not "Set and Forget"
Providers should offer ongoing guidance, updates, and monitoring to keep you
fully compliant
Practical Integration
The solution should simplify compliance, not add administrative burden
Data Security & Governance
Providers must safeguard client information and comply with AML/CTF record-keeping requirements
Continuous Support
Compliance is not "Set and Forget"
Providers should offer ongoing guidance, updates, and monitoring to keep you
fully compliant
Practical Integration
The solution should simplify compliance, not add administrative burden
Data Security & Governance
Providers must safeguard client information and comply with AML/CTF record-keeping requirements
Certified Expertise
Solutions should be developed or overseen by qualified AML/CTF professionals. By law, any person engaged must be knowledgeable, skilled, competent and act with integrity
Continuous Support
Compliance is not "Set and Forget"
Providers should offer ongoing guidance, updates, and monitoring to keep you
fully compliant
Accessorial Liability (Joint Liability)
Under accessorial liability provisions, advisers can be held accountable by AUSTRAC if their systems or advice contribute
to breaches. Ask how they ensure compliance, manage risk,
and support your obligations
Australian Experience & Local Support
The provider should have proven experience in Australia, with a deep understanding of Tranche 2 obligations, AUSTRAC requirements and be locally available to provide
ongoing guidance and support
Accessorial Liability (Joint Liability)
Under accessorial liability provisions, advisers can be held accountable by AUSTRAC if their systems or advice contribute
to breaches. Ask how they ensure compliance, manage risk,
and support your obligations
Australian Experience & Local Support
The provider should have proven experience in Australia, with a deep understanding of Tranche 2 obligations, AUSTRAC requirements and be locally available to provide
ongoing guidance and support
End to End Solution
For Tranche 2 small and medium businesses, juggling multiple tools or providers isn’t practical. Get everything you need in one integrated platform
End to End Solution
For Tranche 2 small and medium businesses, juggling multiple tools or providers isn’t practical. Get everything you need in one integrated platform
End to End Solution
For Tranche 2 small and medium businesses, juggling multiple tools or providers isn’t practical. Get everything you need in one integrated platform
ML/TF/PF Risk Assessment
ML/TF/PF Risk Assessment
AML Program Development
AML Program Development
Customer Due Diligence (CDD)
Customer Due Diligence (CDD)
Ongoing Monitoring
Ongoing Monitoring
AUSTRAC Reporting (SMRs, cash transactions)
AUSTRAC Reporting (SMRs, cash transactions)
Record Keeping & Audit Trail
Record Keeping & Audit Trail
AML Role-Based Training
AML Role-Based Training
AML Role-Based Training
AML Role-Based Training
Record Keeping & Audit Trail
Record Keeping & Audit Trail
AUSTRAC Reporting (SMRs, cash transactions)
AUSTRAC Reporting (SMRs, cash transactions)
Customer Due Diligence (CDD)
Customer Due Diligence (CDD)
Ongoing Monitoring
Ongoing Monitoring
AML Program Development
AML Program Development
ML/TF/PF Risk Assessment
ML/TF/PF Risk Assessment
✅ All-in-one compliance | Customised to your business | Zero administrative burden
✅ All-in-one compliance | Customised to your business | Zero administrative burden
✅ All-in-one compliance | Customised to your business | Zero administrative burden
COMPARISON
AML/CTF Compliance in Australia
is Leading Tranche 2
Why
The only ground-up Tranche 2 solution, purpose-built by qualified and experienced Australian AML professionals, fully aligned with AUSTRAC
requirements an all-in-one platform
Features
Tranche 2 Specialisa…
Certified
Expertise
End-to-End Solution
AUSTRAC
Alignment
User
Friendly
Transparent Pricing
Ongoing
Support
AUSTRAC
Starter Kits
RegTech
Providers
Industry
Associations
Meets the requirements
Does not meet the requirements
Partially meets the requirements
COMPARISON
Why
is Leading Tranche 2 AML/CTF Compliance in Australia
The only ground-up Tranche 2 solution, purpose-built by qualified and experienced Australian AML professionals fully aligned with AUSTRAC requirements — an all-in-one platform
COMPARISON
Why
is Leading Tranche 2 AML/CTF Compliance in Australia
The only ground-up Tranche 2 solution, purpose-built by qualified and experienced Australian AML professionals fully aligned with AUSTRAC requirements — an all-in-one platform
Features
Tranche 2 Specialisation
Certified Expertise
End-to-End Solution
AUSTRAC Alignment
User Friendly
Ongoing Support
Transparent Pricing
Purpose-built for
Tranche 2 Businesses
Fully certified AML professionals
All-in-one integrated platform
Continuously updated
Intuitive and ready-to-use
Australia based. Continuous advisory and guidance
Clear, upfront pricing; no hidden cost
AUSTRAC Starter
Program Kits
For small low- complexity businesses
Templates and guidance by Regulator
Risk Assessment and AML Program templates only
Official AUSTRAC templates
Templates require manual custom and implementation
Self-service guidance tool
No cost. But limited inclusions
Consultants
May have industry knowledge
Varies by individual
Fragmented; may require multiple providers
May lag updates
Varies; may require manual processes
May be ad-hoc
Pricing varies; often hourly & unpredictable
RegTech Providers
Usually adapted from other industries
Technical expertise exists
Software only; additional services tie up with other providers
Aligned with AUSTRAC reporting
Can be complex; learning curve needed
Limited support based on subscription model
Subscription + add-on fees
Meets the requirements
Does not meet the requirements
Partially meets the requirements
Meets the requirements
Does not meet the requirements
Partially meets the requirements
Features
Tranche 2
Specialisation
Certified
Expertise
End-to-End Solution
AUSTRAC
Alignment
User
Friendly
Ongoing
Support
Transparent
Pricing
Consultants
RegTech
Providers
AUSTRAC Starter
Program Kits
AML/CTF Obligations
Examples of Elements You Need to Manage
AML/CTF Obligations
Examples of Elements You Need to Manage
AML/CTF Obligations
Examples of Elements You Need
to Manage
Customer Due Diligence
1
Initial Due Diligence
Enhanced Due Diligence
Ongoing Due Diligence
Simplified Due Diligence
Risk Assessments
2
Money Laundering (ML)
Terrorism Financing (TL)
Proliferation Financing
Inherent ML/TF Risks
3
Designated Service
High-risk customers
Non- Face to Face customer interaction
Foreign Jurisdictions
AML/CTF Program
4
Policies
Internal Controls
Procedures
AUSTRAC Reporting
5
Suspicious Matter (SMR)
Annual Compliance Report
Cash Transactions >A$10k
AML Compliance Officer
6
Fit and Proper Person
Integrity
Knowledge, Skill and Expertise
Case Management
7
High-Risk Customers
SMR
Audit Trail for AUSTRAC Examination
AML Role Based Training
8
Compliance Officer
Client Facing
Back-office
Integrated role
Partner/C-Suite/Governing body
Customer Due Diligence
1
Initial Due Diligence
Enhanced Due Diligence
Ongoing Due Diligence
Simplified Due Diligence
Risk Assessment
2
Money Laundering (ML)
Terrorism Financing (TL)
Proliferation Financing
Customer Due Diligence
1
Designated Service
High-risk customers
Non- Face to Face customer interaction
Foreign jurisdictions
AML/CTF Program
4
Policies
Internal Controls
Procedures
AUSTRAC Reporting
5
Suspicious Matter (SMR)
Annual Compliance Report
Cash Transactions >A$10k
AML Compliance Officer
6
Fit and Proper Person
Integrity
Knowledge, Skill and Expertise
Case Management
7
High-risk customers
SMR
Alert generation
Role Based Training
8
Partner/C-Suite/Governing body
Integrated role
Compliance Officer
Client Facing
Back-office