AML Mate / Journal
Browse general articles, practical guides and commentary for Australian professionals.
59 articles Page 4 of 5
On 2 April 2026 AUSTRAC ordered payment platform MHITS Limited to appoint an external auditor at its own expense after finding its transaction monitoring program was 'not attuned to the full range of risks it faces'. It's the third such audit order in a year — and the playbook AUSTRAC is bringing to Tranche 2.
On 2 April 2026 AUSTRAC switched on a public, searchable register of every Virtual Asset Service Provider operating in Australia — and expanded the regime to cover crypto-to-crypto exchanges and digital asset transferors for the first time. Here's what changed, who's now in scope, and why even non-crypto businesses should care.
AUSTRAC has taken the Mounties club group to the Federal Court. Its allegations include an AML/CTF program partly run by an outside provider, 10 high-risk customers without enhanced due diligence and $4.17 billion in pokies deposits. Here's what every Tranche 2 firm needs to take from it.
A Sydney money laundering syndicate allegedly washed $150M using 'straw directors' — fake company directors hiding the real controllers. Here's what this case means for accountants, lawyers and real estate agents under Tranche 2.
In December 2025, AUSTRAC launched civil penalty proceedings against Castra and Princeton for failing to lodge their annual compliance report. Here's exactly what the report is, when it's due, and how Tranche 2 entities can avoid the same fate.
AUSTRAC released sector-specific starter kits for Tranche 2 entities. They're useful — but they're a starting point, not a finished compliance program. Here's a gap analysis of what's missing and how to close it.
The AML/CTF tipping-off offence carries criminal penalties — including imprisonment. With Tranche 2 reforms, the rules now apply to accountants, lawyers, real estate agents, and jewellers. Here's a plain-English guide with do's, don'ts, and client conversation templates.
A practical guide to appointing and operating an AML/CTF compliance officer under Australia's reformed AML/CTF Act. Includes a role description template, seniority requirements, and core duties checklist.
A practical breakdown of source of funds (SOF) vs source of wealth (SOW) for Australian AML/CTF compliance. Includes a side-by-side comparison, documentation examples, and when each is required.
A copy-ready AML/CTF risk assessment template for Tranche 2 businesses. Includes the four AUSTRAC risk factor categories, a scoring matrix, and a 30-minute step-by-step process.
Part 5 of our product walkthrough series. See how AML Mate delivers 5 training modules with quizzes and certificates, plus a one-click audit pack export with every document AUSTRAC expects.
Part 4 of our product walkthrough series. See how AML Mate walks you through filing Suspicious Matter Reports and Threshold Transaction Reports — with AI-assisted descriptions, deadline tracking, and pre-validation.
