AML/CTF in Australia

The Anti-Money Laundering and Counter-Terrorism Financing Act (AML/CTF) imposes a risk-based approach to counter the money laundering problem. The obligations under the AML/CTF Act are imposed on a wide range of financial services organisations including financial services firms; banks; building societies; credit unions; superannuation funds; and on the gambling sector.

Sophie Grace has real and extensive legal and compliance experience in AML/CTF in Australia. With skills in AML/CTF, risk identification and compliance framework design, clients are given confidence that their AML/CTF needs are not only met but are effective and efficient.

The key areas of an AML/CTF program are:

Know Your Customer (KYC);
Ongoing Customer Due Diligence (OCDD);
Record Keeping;
Suspicious Matter Reporting;
Training and awareness of all staff;
Audit of the AML/ CTF program; and
Appointment of an AML/CTF Compliance Officer.

Sophie Grace will work with your organisation to achieve compliance with all of these obligations.

AFS Licences

Sophie Grace assists a variety of businesses on a daily basis with all stages of obtaining an Australian Financial Services Licence (AFSL). We provide two standard service offerings and can create a package to best suit your business’ needs.

Full Service AFSL Application
Templates for your AFSL Application

Sophie Grace works with numerous businesses across the financial services industry.

Read more about the AFSL application process, requirements and how we can assist you.

Australian Credit Licences

Sophie Grace is equipped to assist your business engaged in credit activities to meet its obligations under the national consumer credit laws.

We provide two standard service offerings and can create a package to best suit your business’ needs:

Full Service ACL Application
Templates for your ACL Application

Read more about the ACL application process, requirements and how we can assist you.

AML/CTF

The Anti-Money Laundering and Counter-Terrorism Financing Act (AML/CTF) imposes a risk-based approach to counter money laundering. The obligations under the AML/CTF Act are imposed on a wide range of financial services and credit organisations.

Sophie Grace can provide you with an AML/CTF Program tailored to your business to ensure that you continue to comply with the obligations under the AML/CTF Act and AML/CTF Rules.

Sophie Grace will work with your business to achieve overall AML/CTF compliance. Read more about how we can assist you.

Compliance

Sophie Grace can provide tailored compliance solutions that are efficient and practical. These systems will be designed to ensure your business is constantly achieving the most strategic and efficient operational standards. Sophie Grace is committed to helping you comply with all laws, codes of practice and regulations which apply to your business.

Sophie Grace can provide compliance systems to comfort and satisfy management, shareholders and suppliers that action has been taken to limit business risk and exposure.

Read more about the increasing need for compliance.

Legal

Sophie Grace offers legal solutions for your business. We can help you deal with financial services and corporate law issues, provide effective advice as well as prepare and review relevant legal documentation.

Sophie Grace has valuable experience which can assist you in relation to the following aspects: