AML/CTF Programs

An AUSTRAC reporting entity is required by the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act 2006 to adopt and maintain procedural documentation to address the obligations imposed by the Act. The AML/CTF Program must comply with the AML/CTF Rules.

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

This may include the following:

Identification and analysis of money laundering and terrorism financing risks;
Risk awareness training programs for employees;
Processes for monitoring and reporting transactions;
Ongoing customer due diligence and enhanced customer due diligence procedures;
Know Your Customer procedures – collection and verification of information.

Remitters

If you provide remittance services, you will be required to have an AML/CTF Program in place in order to finalise your registration with AUSTRAC. Sophie Grace can provide an AML/CTF Program which is tailored to your remittance business.

If you would like further information of assistance, please contact Sophie Grace directly.

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: