Specialist AML/CTF Compliance Support for Cryptocurrency Providers
- Ensure Mandatory AUSTRAC Registration & Compliance.
- Specialist AML Guidance for Crypto Providers.
- Mitigate High Financial Crime Risks in the Crypto Space.
- Agile AML Solutions for the Cryptocurrency Sector.
Stay ahead of crypto AML/CTF regulations with AML House. Our specialist guidance and agile solutions help crypto exchanges and virtual asset providers achieve robust compliance, mitigate risks, and operate with confidence.
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Expert AML/CTF Compliance Solutions for Cryptocurrency & Virtual Asset Businesses
Australia's Leading AML Firm
Is Your Crypto Business AML Compliant and Secure?
Understanding AML/CTF for Cryptocurrency & Virtual Asset Providers
Cryptocurrency and virtual asset businesses in Australia are subject to specific and evolving AML/CTF regulations, requiring mandatory AUSTRAC registration and robust compliance programs to operate legally and securely.
Addressing the Unique AML & Financial Crime Risks in the Cryptocurrency Sector
The cryptocurrency sector faces unique AML/CTF risks, including high money laundering vulnerabilities, anonymity concerns, and rapidly evolving technologies that demand specialist compliance expertise and agile solutions.
Why Choose AML House for Specialist AML/CTF Support for Cryptocurrency Providers?
AML House specialises in providing cutting-edge, technology-driven AML compliance solutions for Cryptocurrency and Virtual Asset Service Providers. We offer expert guidance on AUSTRAC registration, tailored AML programs, blockchain analysis integration, and ongoing support to ensure your crypto business thrives in a compliant and secure manner.
Our Agile and Technology-Driven Approach to AML Compliance for Crypto Businesses
AML House delivers an agile and technology-driven approach to guide Cryptocurrency and Virtual Asset Providers through the complexities of AML/CTF compliance. Our methodology is designed to be efficient, innovative, and tailored to the unique technological and operational landscape of the crypto sector.
Step 1: Fintech-Specific AML Risk & Technology Assessment for Crypto Businesses
We begin with a comprehensive assessment of your Cryptocurrency business's unique AML/CTF risk and technology profile, including:
- Identifying specific AML/CTF vulnerabilities within your crypto business model and services
- Evaluating your current AML technology infrastructure and blockchain analytics capabilities
- Analysing your virtual asset transaction flows, wallet security protocols, and cross-border exposures
- Defining a tailored, technology-driven AML compliance strategy for your crypto platform
Step 2: Customised, Blockchain-Integrated AML Program Development for Crypto Exchanges
We develop a bespoke, blockchain-integrated AML/CTF program tailored for cryptocurrency businesses, incorporating:
- Risk-based AML/CTF policies and procedures specific to virtual asset services
- Advanced Customer Due Diligence (CDD) and e-KYC protocols for crypto clients
- Blockchain analytics integration for transaction monitoring and risk scoring
- Enhanced security measures for virtual asset safekeeping and wallet management
Step 3: Technology & Blockchain Analytics Implementation Guidance for Crypto AML
AML House provides practical guidance and technical expertise for effective technology and blockchain analytics integration:
- Assistance with selecting and implementing blockchain analysis and AML platforms
- Guidance on integrating AML technology with your existing crypto exchange infrastructure
- Streamlining KYC/CDD processes through automated blockchain verification tools
- Training for your team on utilising blockchain analytics for AML compliance
Step 4: Ongoing, Adaptive AML Compliance & Blockchain Regulatory Support
We offer continuous support and adaptive strategies to ensure sustained and future-proof AML/CTF compliance in the rapidly evolving crypto regulatory landscape:
- Regular AML program reviews and blockchain technology updates
- Continuous monitoring of evolving AML regulations and FATF guidance for virtual assets
- Access to AML/CTF experts for crypto-specific compliance advice and support
- Adaptation of your AML program to address emerging crypto-related risks and regulatory changes
Get Your Free Initial Consultation
Request a Free Consultation with one of our experienced AML Lawyers today.
Comprehensive AML/CTF Compliance Services for Cryptocurrency Providers
AML House offers a complete suite of technology-driven AML/CTF services specifically designed to empower Cryptocurrency and Virtual Asset Providers to achieve robust, efficient, and future-proof compliance in the dynamic and high-risk crypto sector.
AUSTRAC Registration & Licensing Support for Crypto Exchanges
Expert consulting services to guide Cryptocurrency Exchanges through the mandatory AUSTRAC registration and licensing process, ensuring a smooth and compliant pathway to legal operation in Australia.
Technology-Driven AML/CTF Programs for Cryptocurrency Businesses
Development of cutting-edge, technology-integrated AML/CTF Programs, policies, and procedures, specifically designed to leverage blockchain analytics and automation for efficient crypto compliance.
Specialist Blockchain Analytics & AML/CTF Training for Crypto Teams
Targeted training programs for cryptocurrency compliance teams, equipping your staff with the expertise to utilise blockchain analytics, manage AML risks in virtual asset transactions, and implement effective compliance technologies.
Continuous AML Regulatory & Technology Support for Crypto Providers
Ongoing support and expert guidance to navigate the complex and evolving AML/CTF regulatory landscape for cryptocurrency, ensuring sustained compliance and adaptation to new technologies and regulatory expectations.
Why Choose AML House?
Choosing AML House means partnering with AML/CTF specialists who deeply understand the unique technological, regulatory, and risk challenges facing Cryptocurrency and Virtual Asset Providers. We deliver innovative, practical, and technology-driven solutions, ensuring your crypto business achieves agile, efficient, and future-proof AML compliance, while fostering innovation and growth.
Specialist AML/CTF Expertise Focused on Cryptocurrency & Virtual Assets
AML House specialises in AML/CTF compliance for the Cryptocurrency and Virtual Asset sector, with a dedicated focus on the unique technological and regulatory complexities of digital currencies and virtual asset service provision.
Cutting-Edge, Technology-Driven AML Compliance Solutions for Crypto
We leverage innovative blockchain analytics, automation, and technology integration to deliver efficient, scalable, and future-proof AML/CTF solutions, empowering crypto businesses to streamline compliance and focus on growth and innovation.
Practical & Agile AML Programs Tailored for Cryptocurrency Businesses
AML House delivers practical, actionable, and technology-integrated AML/CTF Programs, training, and support, ensuring your crypto business achieves robust compliance that is seamlessly embedded within your blockchain-based operations.
Get Your Free Initial Consultation
Request a Free Consultation with one of our experienced AML Lawyers today.
Rated 5-Star By Our Clients
Oliver T
Google Verified Review
“AML House tailored a compliance program that perfectly fit our business. Their practical approach and expert insights made navigating AML/CTF regulations hassle-free.”
Mia H
Google Verified Review
“Peter’s in-depth knowledge and professionalism were outstanding. He and his team guided us through the audit seamlessly, delivering peace of mind.”
Jack K
Google Verified Review
“AML House provided tailored solutions that perfectly aligned with our needs. Their clear advice and actionable steps were truly invaluable.”
Emily C
Google Verified Review
“Thanks to AML House, our business’ Tranche 2 preparation was smooth and efficient. Their personalised approach saved us significant time and effort.”
Marcus L
Google Verified Review
“Their expert insights and practical solutions helped us integrate compliance effortlessly into our operations. AML House truly exceeded our expectations.”
Free AML/CTF Guides & Checklists
When is your Next AML Audit Due?
Don’t wait until the last minute to think about your AML Audit.
Our basic assessment offers a quick and easy way to estimate your AML Audit due date. This early insight is invaluable, allowing you to proactively allocate resources, gather documentation, and get truly ahead of your AML Audit.
101 Guide to Preparing for Your AML Audit
A practical guide covering the key steps, preparation activities, and timelines for ensuring you are fully ready for your independent AML Audit.
Your AML Audit Roadmap
An illustrative chart with key milestones and steps involved in the AML audit process, providing a clear visual guide to the entire audit journey.
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Common AML Pitfalls
This practical checklist identifies key areas where businesses often stumble with AML/CTF compliance. Download the checklist to ensure you stay compliant & avoid penalties.
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Market-Leading, Comprehensive AML Services
AML House offers a comprehensive suite of specialised AML/CTF services designed to address all aspects of your compliance needs. From independent audits to program development, legal support, and innovative platform solutions, we provide end-to-end expertise to ensure robust AML compliance and mitigate financial crime risks.
Independent AML Audits
Ensure regulatory compliance and program effectiveness with our expert independent AML audits, providing actionable insights to strengthen your AML framework.
AML Program Development & Management
Develop, revise, or replace your AML Program and related documentation with our expert guidance, ensuring a robust and compliant foundation.
Ongoing AML Compliance & Regulatory Support
Navigate evolving AML obligations with confidence through our ongoing service packages, providing continuous expert support and regulatory updates.
Specialist AML Legal Advice & Support
Access expert legal counsel for all AML/CTF matters, from program drafting and system reviews to proactive risk mitigation and strategic advice.
Marketplace for Registered Entities
Streamline transactions in digital currency exchange and remittance provider markets with our specialised marketplace for buying and selling registered entities.
Innovative AML Compliance Platform
Simplify and centralise your AML/CTF management with our cutting-edge online platform, providing a one-stop shop for all your compliance needs.
Industry-Leading AML Expertise Tailored To Your Sector
AML House provides industry-specific AML/CTF solutions, recognising the unique challenges and regulatory landscapes of different sectors. Our deep understanding of industry nuances ensures we deliver practical, tailored advice and effective AML programs that meet your specific sector requirements.
AML for Accountants
Prepare for Tranche 2 AML obligations with our specialist guidance for accounting professionals. We ensure compliance and mitigate risks specific to the accounting sector.
AML for Lawyers
Navigate upcoming AML regulations with confidence. We provide tailored AML solutions for legal practices, ensuring compliance and protecting client confidentiality.
AML for Real Estate Agents
Understand and address your AML risks in the real estate sector. We offer practical AML solutions to prepare for Tranche 2 and safeguard your business.
AML for Fintech & Financial Services
Navigate complex AML regulations in the dynamic Fintech and Financial Services landscape. We provide expert support for both established and emerging businesses.
AML for Money Remitters
Ensure robust AML compliance in the money remittance sector. We offer tailored solutions to meet specific regulatory requirements and mitigate money laundering risks.
AML for Cryptocurrency Providers
Navigate the evolving AML regulatory landscape for cryptocurrency businesses. We provide expert guidance to ensure compliance and manage risks in the digital currency space.
AML for Pubs & Clubs
Protect your Pub & Club from financial crime risks. Tailored AML programs and expert guidance to navigate complex regulations and ensure venue compliance.
AML for Gaming & Gambling
Navigate the evolving AML regulatory landscape for gaming & gambling venues. We provide expert guidance to ensure clear compliance and manage financial crime risks.
Get Your Free Initial Consultation
Request a Free Consultation with one of our experienced AML Lawyers today.
Insights Library
Practical AML/CTF Guides & Insights
Unlock free AML/CTF guides, checklists, and insights in our regularly updated Insights Library, written by our AML lawyers & experts.
Who We Are
Founded by senior financial services lawyer Peter Hagias, AML House specialises in independent AML audits and AML/CTF compliance for businesses across Australia. Our expert team brings together deep legal, regulatory, and compliance expertise to deliver practical solutions and robust AML frameworks.
Peter and the AML House team are dedicated to guiding businesses through the complexities of AML/CTF regulations, providing industry-leading advice and support. We are committed to proactive service and regulatory excellence, empowering our clients to confidently navigate their AML obligations.
Frequently Asked Questions About AML/CTF for Cryptocurrency Providers
What is the new definition of 'virtual asset' under the amended AML/CTF regime?
The new definition of ‘virtual asset’ in the amended AML/CTF Act is a digital representation of value that can be transferred, stored or traded electronically, and functions as a medium of exchange, a store of economic value, a unit of account, or an investment. It also includes digital representations of value that confer governance voting rights, and is broad enough to capture NFTs functioning as a medium of exchange.
What virtual asset-related services are now regulated under the amended AML/CTF Act?
In addition to exchanges between virtual assets and fiat currencies (already regulated), the amended AML/CTF Act now regulates: exchanges between virtual assets, transfers of virtual assets on behalf of a customer, safekeeping or administration of virtual assets, and participation in and provision of financial services related to an issuer’s offer and/or sale of a virtual asset. These are referred to as ‘registrable virtual asset services’.
What is the ‘travel rule’ and how does it apply to Virtual Asset Service Providers (VASPs)?
VASPs will become subject to the ‘travel rule’, requiring them to ensure that certain information about both the payer and payee is transmitted with virtual asset value transfers. VASPs acting as ordering or beneficiary institutions must conduct due diligence to determine if wallets are custodial or self-hosted, and report transactions involving unverified self-hosted wallets to AUSTRAC.
What are the reporting obligations for VASPs regarding international value transfers?
VASPs will be required to report to AUSTRAC for international value transfer services, specifically when value crosses into or out of Australia. These reports, replacing ‘international funds transfer instructions’ reports, must be submitted within 10 business days after the transfer.
What is the significance of blockchain analysis for AML compliance in the cryptocurrency sector?
Blockchain analysis is crucial for VASPs to detect and mitigate money laundering and terrorism financing risks. It enables ‘know your transaction’ processes, flags high-risk transactions, and helps track funds flow and monitor transactions for suspicious activity.
What are some best practices for AML compliance for Fintechs and Cryptocurrency businesses in Australia?
Best practices include: regularly assessing and updating risk profiles, empowering staff through ongoing training, initiating regular internal audits and reviews, fostering collaboration with authorities, and implementing automated AML software solutions.
What are some examples of automated AML software solutions that can help Fintechs and Crypto businesses?
Automated AML software solutions include: fraud detection systems, transaction monitoring tools, payment screening solutions, sanctions and watchlists screening software, and adverse media screening tools.
What are the penalties for non-compliance with AML regulations for Fintechs and Cryptocurrency businesses?
Penalties for non-compliance can include civil penalty orders (up to 100,000 penalty units), enforceable undertakings, infringement notices, remedial directions, and written notices from AUSTRAC requiring specific actions to achieve compliance.
