Anti Money Laundering and Counter Terrorism Financing Consulting

Strategic Risk Solutions has considerable experience in the field of anti- money laundering and counter-terrorism financing (AML/CTF) having been involved within Australia since the commencement of the initial legislation as well as internationally. Our experience has been gained across a range of industries and jurisdictions including Australia, New Zealand, the United Kingdom, many Pacific island nation countries, Asia and Japan.

Strategic Risk Solutions is a member of ACAMS the international lead professional body for anti-money laundering and Rob Ryan the Managing Director of Strategic Risk Solutions is a director of the board of the Australasian Chapter and well versed on a risk-based approach to AML/CTF.

We can assist companies in meeting their national and international requirements as well as providing training for staff on organisation AML/CTF requirements.

Within Australia, and shortly within New Zealand, if you provide a designated service, your obligations include the need to:

• Risk assessment and development of effective Anti-Money Laundering & Counter Terrorism Financing programs
• Know Your Customer (KYC) policy and procedure
• Enhanced customer due diligence for higher risk customers (PEP issues)
• Transactional monitoring
• Ongoing customer due diligence
• Reporting suspicious activity
• Reporting threshold transactions
• Employee due diligence and staff training for AML/CTF obligations
• Record keeping
• Independent review of AML/CTF Compliance programs annually
• United Nations Sanctions and Australia's autonomous sanctions
• Adhere to and follow the f\various guidelines issues by the regulatory AUSTRAC.

If you require any assistance with your AML/CTF compliance obligations or just have general enquiries please feel free to contact Strategic Risk Solutions at info@strategicrisksolutions.com.au

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