You've completed your enrolment. What's next?
Enrolling with us is an important milestone, but it's only the beginning. The next step is making sure your business is ready to meet its obligations and manage the risks of financial crime.
Whether you're new to anti-money laundering and counter-terrorism financing (AML/CTF) compliance or refreshing your approach, we have practical tools, guidance and starter kits to help you get set up.
Build an effective AML/CTF program
Your AML/CTF program is your roadmap for managing financial crime risks and meeting your obligations.
There's no one-size-fits-all approach. Your program should reflect how your business operates, including:
- the products and services you provide
- the customers you deal with
- how you deliver your services
- where you operate
- the risks your business may face.
A well-designed program gives your staff clear guidance on what to do, what to look for and how to respond when risks arise.
Learn more in our AML/CTF program overview on how to develop, maintain and comply with an AML/CTF program tailored to your business.
Understand your risks
A good AML/CTF program starts with understanding where your business could be exposed to financial crime.
A risk assessment helps you identify vulnerabilities and decide what controls you need to reduce or manage those risks.
Your risks can change over time. Review them regularly using our risk products, especially if you introduce new products or services, expand into new markets or change the way you do business.
Use our guidance
Our provides guidance, tools and resources to help you understand your obligations and build an effective compliance framework.
You can find information on:
- developing an AML/CTF program
- conducting a risk assessment
- customer due diligence requirements
- reporting obligations
- guidance tailored to specific industries
Taking the time to review these resources can make it easier to understand what's expected of your business.
Get started with a program starter kit
If you're wondering where to begin, our program starter kits are a great place to start.
The starter kits include practical examples and templates to help you:
- understand key requirements
- develop policies and procedures
- document your controls
- build a risk-based approach to compliance.
The starter kits are designed to help low complexity businesses from newly regulated industries to establish the foundations of an AML/CTF program. You should review and customise them to reflect operations of your business.
Help your staff understand their role
Your AML/CTF program is only effective if your people know how to use it.
Staff should understand their responsibilities, know how to identify suspicious activity and be confident about when and how to take action.
Regular training helps keep knowledge current and ensures everyone understands what is expected of them.
Monitor and improve your program
Building your AML/CTF program isn't a one-off task.
As your business grows and changes, your program should evolve too. Regular reviews can help you identify gaps, strengthen controls and make sure your approach remains fit for purpose.
More information
For more information on building your AML/CTF program and meeting your obligations, visit Obligations and guidance. For guidance tailored to your sector, visit Your industry.