AML/CTF Compliance Officers – does yours meet the requirements?

As part of the AML/CTF reforms, AML/CTF compliance officers are now required to meet certain criteria to be (or remain) appointed. Sophie Grace has already seen AUSTRAC contact entities that have an AML/CTF compliance officer located outside of Australia. AML/CTF compliance officers must now be:

A fit and proper person; Resident in Australia (if y...

Unlock this article and more helpful resources by signing up for our Subscription Portal.

Sign up to access a free trial of our Regulatory Updates Subscription Plan or login to your account below.

Alicia Pevely

An integral member of the Sophie Grace team since 2012, Alicia has extensive experience in relation to financial services law, consumer credit law, regulatory matters and ASIC investigations. Working closely with her clients, Alicia has maintained a significant emphasis on AFS and credit licensing and liaising with ASIC. As General Manager, Alicia has oversight of all licence applications and provides advice and support in relation to more complex applications.

AML/CTF Reforms

Sophie Grace can provide you with an AML/CTF Program and can assist you to tailor it to your business’ needs. We have three different options available to suit your business and finance needs.

Template Documents

You can purchase template documents from our online shop. The template is an instant download and includes prompts to help you tailor the document yourself. We have template documents for:

Tranche 1 Reporting Entities;
Item 54 Providers; and
Tranche 2 Entities.

Compliance Portal

Sign up to the Compliance Portal and receive the template AML/CTF Program Package, and obtain access to updated documents in light of any updates we make as new guidance or amended legislation is released. Choose between:

document-only plans;
consultation-only plans;
video and regulatory update plans; or
a combination of all three.

Tailored Documents

Sophie Grace can assist you to prepare the AML/CTF Program package based on your business’ specific requirements. Contact us to discuss further.

Find everything you need in relation to the AML/CTF Reforms

Sophie Grace Compliance Portal

The compliance portal provides various subscription plans to suit your business compliance needs. Watch our demonstration video now!

Recent Updates

Receiving a Section 167 Notice from AUSTRAC

October 30, 2026

Are your Financial Adviser Records up to date?

October 28, 2026

AML/CTF Compliance Officers – does yours meet the requirements?

October 27, 2026

Contact Us

We will get in touch as soon as possible

img:is([sizes=auto i],[sizes^="auto," i]){contain-intrinsic-size:3000px 1500px}img.wp-smiley,img.emoji{display:inline !important;border:none !important;box-shadow:none !important;height:1em !important;width:1em !important;margin:0 .07em !important;vertical-align:-.1em !important;background:none !important;padding:0 !important}:root{--wp-internal-comment:"Placeholder for wp_hoist_late_printed_styles() to replace with the block styles printed at wp_footer."}:root{--wp-internal-comment:"Placeholder for wp_hoist_late_printed_styles() to replace with the global-styles printed at wp_footer."}#p404RedirectChart .canvasjs-chart-credit{display:none !important}#p404RedirectChart canvas{border-radius:6px}.p404-redirect-adminbar-weekly-title{font-weight:bold;font-size:14px;color:#fff;margin-bottom:6px}#wpadminbar #wp-admin-bar-p404_free_top_button .ab-icon:before{content:"";color:#dc3545;top:3px}#wp-admin-bar-p404_free_top_button .ab-item{min-width:80px !important;padding:0px !important}.p404-redirect-adminbar-dropdown-wrap{min-width:0;padding:0;position:static !important}#wpadminbar #wp-admin-bar-p404_free_top_button_dropdown{position:static !important}#wpadminbar #wp-admin-bar-p404_free_top_button_dropdown .ab-item{padding:0 !important;margin:0 !important}.p404-redirect-dropdown-container{min-width:340px;padding:18px 18px 12px 18px;background:#23282d !important;color:#fff;border-radius:12px;box-shadow:0 8px 32px rgba(0,0,0,.25);margin-top:10px;position:relative !important;z-index:999999 !important;display:block !important;border:1px solid #444}#wpadminbar #wp-admin-bar-p404_free_top_button .p404-redirect-dropdown-container{display:none !important}#wpadminbar #wp-admin-bar-p404_free_top_button:hover .p404-redirect-dropdown-container{display:block !important}#wpadminbar #wp-admin-bar-p404_free_top_button:hover #wp-admin-bar-p404_free_top_button_dropdown .p404-redirect-dropdown-container{display:block !important}.p404-redirect-card{background:#2c3338;border-radius:8px;padding:18px 18px 12px 18px;box-shadow:0 2px 8px rgba(0,0,0,.07);display:flex;flex-direction:column;align-items:flex-start;border:1px solid #444}.p404-redirect-btn{display:inline-block;background:#dc3545;color:#fff !important;font-weight:bold;padding:5px 22px;border-radius:8px;text-decoration:none;font-size:17px;transition:background .2s,box-shadow .2s;margin-top:8px;box-shadow:0 2px 8px rgba(220,53,69,.15);text-align:center;line-height:1.6}.p404-redirect-btn:hover{background:#c82333;color:#fff !important;box-shadow:0 4px 16px rgba(220,53,69,.25)}#wpadminbar .ab-top-menu>li:hover>.ab-item,#wpadminbar .ab-top-menu>li.hover>.ab-item{z-index:auto}#wpadminbar #wp-admin-bar-p404_free_top_button:hover>.ab-item{z-index:999998 !important}.woocommerce form .form-row .required{visibility:visible}.mpcs-classroom .nav-back i,.mpcs-classroom .navbar-section a.btn,.mpcs-classroom .navbar-section button,.mpcs-classroom div#mpcs-lesson-navigation button,.mpcs-classroom div#mpcs-quiz-navigation a,.mpcs-classroom #mpcs-classroom-next-lesson-link,.mpcs-classroom #next_lesson_link{color:#003a61 !important}.mpcs-classroom .navbar-section .dropdown .menu a{color:#333}.mpcs-classroom .mpcs-progress-ring{background-color:#4ab3f6 !important}.mpcs-classroom .mpcs-course-filter .dropdown .btn span,.mpcs-classroom .mpcs-course-filter .dropdown .btn i,.mpcs-classroom .mpcs-course-filter .input-group .input-group-btn,.mpcs-classroom .mpcs-course-filter .input-group .mpcs-search,.mpcs-classroom .mpcs-course-filter .input-group input[type=text],.mpcs-classroom .mpcs-course-filter .dropdown a,.mpcs-classroom .pagination,.mpcs-classroom .pagination i,.mpcs-classroom .pagination a{color:#a0daff !important;border-color:#a0daff !important}#mpcs-navbar,#mpcs-navbar button#mpcs-classroom-previous-lesson-link,#mpcs-navbar button#mpcs-classroom-previous-lesson-link:hover,.mpcs-classroom div#mpcs-lesson-navigation button#previous_lesson_link,.mpcs-classroom div#mpcs-lesson-navigation button#previous_lesson_link:hover,.mpcs-classroom a#mpcs-classroom-previous-lesson-link,.mpcs-classroom a#mpcs-classroom-previous-lesson-link:hover,.mpcs-classroom a#previous_lesson_link,.mpcs-classroom a#previous_lesson_link:hover,.mpcs-classroom #mpcs-navbar #mpcs-lesson-navigation>a#mpcs-classroom-previous-lesson-link,.mpcs-classroom #mpcs-navbar #mpcs-lesson-navigation>a#mpcs-classroom-previous-lesson-link:hover,.mpcs-classroom #mpcs-lesson-navigation a#previous_lesson_link,.mpcs-classroom #mpcs-lesson-navigation a#previous_lesson_link:hover,.mpcs-classroom div#mpcs-lesson-navigation a#previous_lesson_link,.mpcs-classroom div#mpcs-lesson-navigation a#previous_lesson_link:hover{background:#003a61}.course-progress .user-progress,.btn-green,#mpcs-navbar button:not(#mpcs-classroom-previous-lesson-link),.mpcs-classroom div#mpcs-lesson-navigation button:not(#previous_lesson_link),.mpcs-classroom #mpcs-quiz-navigation button:focus,.mpcs-classroom #mpcs-quiz-navigation button:hover,.mpcs-classroom #mpcs-quiz-navigation a,.mpcs-classroom div#mpcs-lesson-navigation a:not(#previous_lesson_link),.mpcs-classroom #mpcs-navbar #mpcs-lesson-navigation>a:not(#mpcs-classroom-previous-lesson-link){background:rgba(74,179,246,.9)}.btn-green:hover,#mpcs-navbar button:not(#mpcs-classroom-previous-lesson-link):focus,#mpcs-navbar button:not(#mpcs-classroom-previous-lesson-link):hover,.mpcs-classroom div#mpcs-lesson-navigation button:not(#previous_lesson_link):focus,.mpcs-classroom div#mpcs-lesson-navigation button:not(#previous_lesson_link):hover,.mpcs-classroom #mpcs-quiz-navigation button,.mpcs-classroom div#mpcs-lesson-navigation a:not(#previous_lesson_link):hover,.mpcs-classroom #mpcs-navbar #mpcs-lesson-navigation>a:not(#mpcs-classroom-previous-lesson-link):hover{background:#4ab3f6}.btn-green{border:#4ab3f6}.course-progress .progress-text,.mpcs-lesson i.mpcs-circle-regular{color:#3b8fc4}#mpcs-main #bookmark,.mpcs-lesson.current{background:rgba(74,179,246,.3)}.mpcs-instructor .tile-subtitle{color:rgba(74,179,246,1)}.mpcs-classroom .mpcs-quiz-question-feedback{border-top-color:rgba(74,179,246,1);border-bottom-color:rgba(74,179,246,1)}[data-cky-tag]{visibility:hidden}.mp-spacer{line-height:.5}body button.button.mp-hide-pw,body button.button.mp-hide-pw:hover{border:none;background:none;color:#000;opacity:.7;transition:all .25s ease-in-out}.e-con.e-parent:nth-of-type(n+4):not(.e-lazyloaded):not(.e-no-lazyload),.e-con.e-parent:nth-of-type(n+4):not(.e-lazyloaded):not(.e-no-lazyload) *{background-image:none !important}@media screen and (max-height: 1024px){.e-con.e-parent:nth-of-type(n+3):not(.e-lazyloaded):not(.e-no-lazyload),.e-con.e-parent:nth-of-type(n+3):not(.e-lazyloaded):not(.e-no-lazyload) *{background-image:none !important}.e-con.e-parent:nth-of-type(n+3):not(.e-lazyloaded):not(.e-no-lazyload).nitro-lazy,.e-con.e-parent:nth-of-type(n+3):not(.e-lazyloaded):not(.e-no-lazyload) *.nitro-lazy{background-image:none !important}}@media screen and (max-height: 640px){.e-con.e-parent:nth-of-type(n+2):not(.e-lazyloaded):not(.e-no-lazyload),.e-con.e-parent:nth-of-type(n+2):not(.e-lazyloaded):not(.e-no-lazyload) *{background-image:none !important}.e-con.e-parent:nth-of-type(n+2):not(.e-lazyloaded):not(.e-no-lazyload).nitro-lazy,.e-con.e-parent:nth-of-type(n+2):not(.e-lazyloaded):not(.e-no-lazyload) *.nitro-lazy{background-image:none !important}}.e-con.e-parent:nth-of-type(n+4):not(.e-lazyloaded):not(.e-no-lazyload).nitro-lazy,.e-con.e-parent:nth-of-type(n+4):not(.e-lazyloaded):not(.e-no-lazyload) *.nitro-lazy{background-image:none !important}.woocommerce div.product div.images .woocommerce-product-gallery__wrapper .zoomImg{display:none}#wpforms-6073-field_0{background-color:#4ab3f6 !important;border-radius:50px;color:#fff}#wpforms-6073-field_1{background-color:#4ab3f6 !important;border-radius:50px;color:#fff}#wpforms-6073-field_10{background-color:#4ab3f6 !important;border-radius:50px;color:#fff}#wpforms-6073-field_2{background-color:#4ab3f6 !important;border-radius:25px;color:#fff}::placeholder{color:#fff}.wpforms-form{padding:20px 15px !important;border:3px solid #fff !important;border-radius:5px}.wpforms-submit{background-color:#4ab3f6 !important}:root{--wp--preset--aspect-ratio--square:1;--wp--preset--aspect-ratio--4-3:4/3;--wp--preset--aspect-ratio--3-4:3/4;--wp--preset--aspect-ratio--3-2:3/2;--wp--preset--aspect-ratio--2-3:2/3;--wp--preset--aspect-ratio--16-9:16/9;--wp--preset--aspect-ratio--9-16:9/16;--wp--preset--color--black:#000;--wp--preset--color--cyan-bluish-gray:#abb8c3;--wp--preset--color--white:#fff;--wp--preset--color--pale-pink:#f78da7;--wp--preset--color--vivid-red:#cf2e2e;--wp--preset--color--luminous-vivid-orange:#ff6900;--wp--preset--color--luminous-vivid-amber:#fcb900;--wp--preset--color--light-green-cyan:#7bdcb5;--wp--preset--color--vivid-green-cyan:#00d084;--wp--preset--color--pale-cyan-blue:#8ed1fc;--wp--preset--color--vivid-cyan-blue:#0693e3;--wp--preset--color--vivid-purple:#9b51e0;--wp--preset--gradient--vivid-cyan-blue-to-vivid-purple:linear-gradient(135deg,#0693e3 0%,#9b51e0 100%);--wp--preset--gradient--light-green-cyan-to-vivid-green-cyan:linear-gradient(135deg,#7adcb4 0%,#00d082 100%);--wp--preset--gradient--luminous-vivid-amber-to-luminous-vivid-orange:linear-gradient(135deg,#fcb900 0%,#ff6900 100%);--wp--preset--gradient--luminous-vivid-orange-to-vivid-red:linear-gradient(135deg,#ff6900 0%,#cf2e2e 100%);--wp--preset--gradient--very-light-gray-to-cyan-bluish-gray:linear-gradient(135deg,#eee 0%,#a9b8c3 100%);--wp--preset--gradient--cool-to-warm-spectrum:linear-gradient(135deg,#4aeadc 0%,#9778d1 20%,#cf2aba 40%,#ee2c82 60%,#fb6962 80%,#fef84c 100%);--wp--preset--gradient--blush-light-purple:linear-gradient(135deg,#ffceec 0%,#9896f0 100%);--wp--preset--gradient--blush-bordeaux:linear-gradient(135deg,#fecda5 0%,#fe2d2d 50%,#6b003e 100%);--wp--preset--gradient--luminous-dusk:linear-gradient(135deg,#ffcb70 0%,#c751c0 50%,#4158d0 100%);--wp--preset--gradient--pale-ocean:linear-gradient(135deg,#fff5cb 0%,#b6e3d4 50%,#33a7b5 100%);--wp--preset--gradient--electric-grass:linear-gradient(135deg,#caf880 0%,#71ce7e 100%);--wp--preset--gradient--midnight:linear-gradient(135deg,#020381 0%,#2874fc 100%);--wp--preset--font-size--small:13px;--wp--preset--font-size--medium:20px;--wp--preset--font-size--large:36px;--wp--preset--font-size--x-large:42px;--wp--preset--spacing--20:.44rem;--wp--preset--spacing--30:.67rem;--wp--preset--spacing--40:1rem;--wp--preset--spacing--50:1.5rem;--wp--preset--spacing--60:2.25rem;--wp--preset--spacing--70:3.38rem;--wp--preset--spacing--80:5.06rem;--wp--preset--shadow--natural:6px 6px 9px rgba(0,0,0,.2);--wp--preset--shadow--deep:12px 12px 50px rgba(0,0,0,.4);--wp--preset--shadow--sharp:6px 6px 0px rgba(0,0,0,.2);--wp--preset--shadow--outlined:6px 6px 0px -3px #fff,6px 6px #000;--wp--preset--shadow--crisp:6px 6px 0px #000}.wp-block-button{--wp--preset--dimension--25:25%;--wp--preset--dimension--50:50%;--wp--preset--dimension--75:75%;--wp--preset--dimension--100:100%}:root{--wp--style--global--content-size:800px;--wp--style--global--wide-size:1200px}:where(body){margin:0}.wp-site-blocks>.alignleft{float:left;margin-right:2em}.wp-site-blocks>.alignright{float:right;margin-left:2em}.wp-site-blocks>.aligncenter{justify-content:center;margin-left:auto;margin-right:auto}:where(.wp-site-blocks)>*{margin-block-start:24px;margin-block-end:0}:where(.wp-site-blocks)>:first-child{margin-block-start:0}:where(.wp-site-blocks)>:last-child{margin-block-end:0}:root{--wp--style--block-gap:24px}:root :where(.is-layout-flow)>:first-child{margin-block-start:0}:root :where(.is-layout-flow)>:last-child{margin-block-end:0}:root :where(.is-layout-flow)>*{margin-block-start:24px;margin-block-end:0}:root :where(.is-layout-constrained)>:first-child{margin-block-start:0}:root :where(.is-layout-constrained)>:last-child{margin-block-end:0}:root :where(.is-layout-constrained)>*{margin-block-start:24px;margin-block-end:0}:root :where(.is-layout-flex){gap:24px}:root :where(.is-layout-grid){gap:24px}.is-layout-flow>.alignleft{float:left;margin-inline-start:0;margin-inline-end:2em}.is-layout-flow>.alignright{float:right;margin-inline-start:2em;margin-inline-end:0}.is-layout-flow>.aligncenter{margin-left:auto !important;margin-right:auto !important}.is-layout-constrained>.alignleft{float:left;margin-inline-start:0;margin-inline-end:2em}.is-layout-constrained>.alignright{float:right;margin-inline-start:2em;margin-inline-end:0}.is-layout-constrained>.aligncenter{margin-left:auto !important;margin-right:auto !important}.is-layout-constrained>:where(:not(.alignleft):not(.alignright):not(.alignfull)){max-width:var(--wp--style--global--content-size);margin-left:auto !important;margin-right:auto !important}.is-layout-constrained>.alignwide{max-width:var(--wp--style--global--wide-size)}body .is-layout-flex{display:flex}.is-layout-flex{flex-wrap:wrap;align-items:center}.is-layout-flex>:is(*, div){margin:0}body .is-layout-grid{display:grid}.is-layout-grid>:is(*, div){margin:0}body{padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px}:root :where(.wp-element-button, .wp-block-button__link){background-color:#32373c;border-width:0;color:#fff;font-family:inherit;font-size:inherit;font-style:inherit;font-weight:inherit;letter-spacing:inherit;line-height:inherit;padding-top:calc(.667em + 2px);padding-right:calc(1.333em + 2px);padding-bottom:calc(.667em + 2px);padding-left:calc(1.333em + 2px);text-decoration:none;text-transform:inherit}.has-black-color{color:var(--wp--preset--color--black) !important}.has-cyan-bluish-gray-color{color:var(--wp--preset--color--cyan-bluish-gray) !important}.has-white-color{color:var(--wp--preset--color--white) !important}.has-pale-pink-color{color:var(--wp--preset--color--pale-pink) !important}.has-vivid-red-color{color:var(--wp--preset--color--vivid-red) !important}.has-luminous-vivid-orange-color{color:var(--wp--preset--color--luminous-vivid-orange) !important}.has-luminous-vivid-amber-color{color:var(--wp--preset--color--luminous-vivid-amber) !important}.has-light-green-cyan-color{color:var(--wp--preset--color--light-green-cyan) !important}.has-vivid-green-cyan-color{color:var(--wp--preset--color--vivid-green-cyan) !important}.has-pale-cyan-blue-color{color:var(--wp--preset--color--pale-cyan-blue) !important}.has-vivid-cyan-blue-color{color:var(--wp--preset--color--vivid-cyan-blue) !important}.has-vivid-purple-color{color:var(--wp--preset--color--vivid-purple) !important}.has-black-background-color{background-color:var(--wp--preset--color--black) !important}.has-cyan-bluish-gray-background-color{background-color:var(--wp--preset--color--cyan-bluish-gray) !important}.has-white-background-color{background-color:var(--wp--preset--color--white) !important}.has-pale-pink-background-color{background-color:var(--wp--preset--color--pale-pink) !important}.has-vivid-red-background-color{background-color:var(--wp--preset--color--vivid-red) !important}.has-luminous-vivid-orange-background-color{background-color:var(--wp--preset--color--luminous-vivid-orange) !important}.has-luminous-vivid-amber-background-color{background-color:var(--wp--preset--color--luminous-vivid-amber) !important}.has-light-green-cyan-background-color{background-color:var(--wp--preset--color--light-green-cyan) !important}.has-vivid-green-cyan-background-color{background-color:var(--wp--preset--color--vivid-green-cyan) !important}.has-pale-cyan-blue-background-color{background-color:var(--wp--preset--color--pale-cyan-blue) !important}.has-vivid-cyan-blue-background-color{background-color:var(--wp--preset--color--vivid-cyan-blue) !important}.has-vivid-purple-background-color{background-color:var(--wp--preset--color--vivid-purple) !important}.has-black-border-color{border-color:var(--wp--preset--color--black) !important}.has-cyan-bluish-gray-border-color{border-color:var(--wp--preset--color--cyan-bluish-gray) !important}.has-white-border-color{border-color:var(--wp--preset--color--white) !important}.has-pale-pink-border-color{border-color:var(--wp--preset--color--pale-pink) !important}.has-vivid-red-border-color{border-color:var(--wp--preset--color--vivid-red) !important}.has-luminous-vivid-orange-border-color{border-color:var(--wp--preset--color--luminous-vivid-orange) !important}.has-luminous-vivid-amber-border-color{border-color:var(--wp--preset--color--luminous-vivid-amber) !important}.has-light-green-cyan-border-color{border-color:var(--wp--preset--color--light-green-cyan) !important}.has-vivid-green-cyan-border-color{border-color:var(--wp--preset--color--vivid-green-cyan) !important}.has-pale-cyan-blue-border-color{border-color:var(--wp--preset--color--pale-cyan-blue) !important}.has-vivid-cyan-blue-border-color{border-color:var(--wp--preset--color--vivid-cyan-blue) !important}.has-vivid-purple-border-color{border-color:var(--wp--preset--color--vivid-purple) !important}.has-vivid-cyan-blue-to-vivid-purple-gradient-background{background:var(--wp--preset--gradient--vivid-cyan-blue-to-vivid-purple) !important}.has-light-green-cyan-to-vivid-green-cyan-gradient-background{background:var(--wp--preset--gradient--light-green-cyan-to-vivid-green-cyan) !important}.has-luminous-vivid-amber-to-luminous-vivid-orange-gradient-background{background:var(--wp--preset--gradient--luminous-vivid-amber-to-luminous-vivid-orange) !important}.has-luminous-vivid-orange-to-vivid-red-gradient-background{background:var(--wp--preset--gradient--luminous-vivid-orange-to-vivid-red) !important}.has-very-light-gray-to-cyan-bluish-gray-gradient-background{background:var(--wp--preset--gradient--very-light-gray-to-cyan-bluish-gray) !important}.has-cool-to-warm-spectrum-gradient-background{background:var(--wp--preset--gradient--cool-to-warm-spectrum) !important}.has-blush-light-purple-gradient-background{background:var(--wp--preset--gradient--blush-light-purple) !important}.has-blush-bordeaux-gradient-background{background:var(--wp--preset--gradient--blush-bordeaux) !important}.has-luminous-dusk-gradient-background{background:var(--wp--preset--gradient--luminous-dusk) !important}.has-pale-ocean-gradient-background{background:var(--wp--preset--gradient--pale-ocean) !important}.has-electric-grass-gradient-background{background:var(--wp--preset--gradient--electric-grass) !important}.has-midnight-gradient-background{background:var(--wp--preset--gradient--midnight) !important}.has-small-font-size{font-size:var(--wp--preset--font-size--small) !important}.has-medium-font-size{font-size:var(--wp--preset--font-size--medium) !important}.has-large-font-size{font-size:var(--wp--preset--font-size--large) !important}.has-x-large-font-size{font-size:var(--wp--preset--font-size--x-large) !important}

AML/CTF Compliance Officers – does yours meet the requirements?

Unlock this article and more helpful resources by signing up for our Subscription Portal.

Sign up to access a free trial of our Regulatory Updates Subscription Plan or login to your account below.

Alicia Pevely

AML/CTF Reforms

Template Documents

Compliance Portal

Tailored Documents

Sophie Grace Compliance Portal

Recent Updates

Receiving a Section 167 Notice from AUSTRAC

Are your Financial Adviser Records up to date?

AML/CTF Compliance Officers – does yours meet the requirements?

Contact Us

UNlock this article with our

free 1 month triaL