AML Risk Solutions Pty Ltd | Businesses

AML Risk Solutions Pty Ltd

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21.01.2022 Australia's AML/CTF regulation is a risk based compliance framework. Don't get caught out for not understanding the AML/CTF risks faced by your business. Protect your business from AML/CTF and Financial Crime risks today and contact an experienced and certified anti-money laundering specialist. - WWW.AMLRISKSOLUTIONS.COM.AU

11.01.2022 A firm reminder that AML/CTF laws are in place to help detect, prevent and disrupt some of the most heinous of crimes. Non-compliance with the act not only puts your business and reputation at risk, but could be directly supporting these crimes.

01.01.2022 The Anti-Money Laundering (AML) and Counter Terrorism Financing (CTF) Act 2006 (Cth) includes a complex set of requirements for providers of 'designated services' to establish an effective RISK based AML/CTF program. Simply receiving/implementing legal advice on your requirements under the legislation will NOT be sufficient to meet your regulatory obligations. You need to understand the specific AML/CTF and Financial Crime risks faced by your business. Money Laundering descri...bes the practice of concealing illicit funds or criminal proceeds to make them appear legitimate. It is an essential part of committing crime for profit, as failure to launder funds can quickly lead to suspicion and criminal conviction. Operating in Australia are several large criminal organisations whose business is based entirely on effectively laundering funds. These crime groups employ very intelligent career criminals who are continually coming up with new methods of exploiting the legitimate financial system to hide their dirty money. The true sources of these funds often includes proceeds from serious crimes such as drug/human trafficking, fraud, child pornography, extortion, war crimes, corruption and tax evasion. It is unlikely that seeking the advice of a lawyer or accountant will be enough to protect your business from being exploited. PROTECT your business today and contact an experienced and certified Anti-Money Laundering Specialist.