Data, Privacy & Compliance
Generate an AML/CTF policy and procedures manual for customer due diligence and reporting to AUSTRAC, aligned with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.
Create an AML and CTF policy and procedures manual for [Company Name], a financial services firm, covering customer due diligence, risk assessment, and suspicious matter reporting to AUSTRAC.
Create an AML and CTF policy and procedures manual for [Company Name], a fintech or digital currency exchange business, covering KYC onboarding, transaction monitoring, and AUSTRAC reporting obligations.
Create an AML and CTF policy and procedures manual for [Company Name], a professional services firm, covering client due diligence, record-keeping, and staff training requirements under the Tranche 2 reforms.
An AML/CTF policy and procedures manual is an internal document that sets out how a business identifies, assesses, and manages the risk of money laundering and terrorist financing, including customer checks and reporting obligations. This free Australian generator produces manuals for financial services firms, fintech and crypto businesses, and professional services firms, reflecting the requirement under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 for reporting entities to maintain an AML/CTF program and report suspicious matters to AUSTRAC, and the Tranche 2 reforms extending these obligations to lawyers, accountants, real estate agents, and other designated non-financial businesses and professions. It is designed for Australian reporting entities that must be able to demonstrate a documented AML/CTF program to AUSTRAC. The generator lets you set out customer due diligence and KYC procedures, ongoing monitoring, staff training, and suspicious matter reporting processes. Use it as a starting point for a compliance officer or Money Laundering Reporting Officer to build out a full AML/CTF program.
It is an internal document that sets out how an Australian business identifies, assesses, and manages the risk of money laundering and terrorist financing, including customer checks and reporting obligations.
Reporting entities providing designated services, such as banks, remittance providers, casinos, and digital currency exchanges, must have an AML/CTF program under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.
It should cover customer due diligence and KYC procedures, an ML/TF risk assessment, ongoing transaction monitoring, staff training, and how to report suspicious matters to AUSTRAC.
Under the Tranche 2 reforms, certain services provided by lawyers, accountants, real estate agents, and other professionals are being brought within the AML/CTF regime, with compliance obligations phasing in from 2026.
Yes, it should be reviewed regularly and updated whenever AUSTRAC guidance or the law changes, or the business's risk profile shifts, such as entering new markets or offering new products.
Reporting entities generally appoint a designated AML/CTF Compliance Officer responsible for overseeing the program and reporting suspicious matters to AUSTRAC.