We Conduct Trusted Independent AML Reviews & Audits
- Get Clarity & Confidence in Your AML Program.
- Independent AML Audits by Specialist Lawyers.
- Strengthen Compliance & Mitigate Regulatory Enforcement Risks
- Tailored Audit Solutions for Your Business.
Are you certain your AML/CTF program is truly effective? Ensure robust compliance and protect your business with an independent AML audit from AML House. Our expert team delivers thorough reviews and practical solutions, giving you peace of mind and strengthening your defences against financial crime.
Book a FREE Consultation
Get Clarity and Confidence with Expert AML Audits
Australia's Leading AML Firm
Is Your AML Program Robust Enough?
Understanding Independent AML Audits
An Independent AML Audit is a comprehensive review of your AML/CTF program, conducted by external specialists to assess its effectiveness and compliance with regulatory requirements.
It provides an objective evaluation of your program’s design, implementation, and operation, identifying areas for improvement and ensuring robust AML defences.
The Importance of Independent AML Audits
Obtaining an Independent AML Audit is essential for businesses operating under the AML/CTF Act. It is a mandatory regulatory requirement for Reporting Entities and a critical best practice for all businesses seeking to mitigate financial crime risks.
Regular audits demonstrate a proactive commitment to compliance and protect your business from potential penalties and reputational damage.
Why Choose AML House for Your AML Audit?
Partnering with AML House for your Independent AML Audit offers unique advantages. We provide 100% specialist AML expertise, a tailored approach to meet your specific business needs, and a commitment to delivering practical, actionable recommendations.
Our goal is to not only ensure compliance but also to strengthen your AML framework and provide lasting value to your organisation.
Our 4-Step AML Audit Process
At AML House, we follow a structured approach to deliver thorough and efficient independent AML audits. Our process is designed to minimise disruption to your business while providing maximum insight and value. We guide you through each phase, from initial consultation to report delivery and follow-up.
.
Mandatory AML
Audits Conducted
Up to
Improvement in Regulatory Compliance
Step 1: Book Consultation
Book a free consultation to discuss your AML audit needs with our team.
Step 2: Engage AML House
Partner with AML House to begin your AML audit process.
Step 3: Conduct AML Audit
We conduct a thorough on-site AML audit and compliance testing.
Step 4: Report & Recommendations
Following the audit, we deliver a detailed report with clear findings and actionable recommendations.
Our 4-Step AML Audit Process
At AML House, we follow a structured approach to deliver thorough and efficient independent AML audits. Our process is designed to minimise disruption to your business while providing maximum insight and value. We guide you through each phase, from initial consultation to report delivery and follow-up.
Step 1: Book Consultation
Your AML audit journey begins with a strategic consultation to understand:
- Your business operations and industry sector
- Current AML/CTF program and documentation
- Specific AML audit objectives and scope
- Timelines and key milestones for the audit process
- Any immediate compliance concerns or questions
Step 2: Engagement
Once we have a clear understanding of your needs, we formalise our engagement through:
- Service agreement and seamless setup
- Detailed document request checklist completion
- Key information gathering and onboarding
- Strategic audit planning and scheduling
- Clear communication protocols established
Step 3: On-Site Audit & Compliance Testing
We conduct a comprehensive on-site audit, which includes:
- Thorough document review and analysis
- Interviews with key personnel across departments
- Detailed testing of AML program effectiveness
- Evaluation of customer due diligence (CDD) processes
- Assessment of transaction monitoring systems
Step 4: Report & Recommendations
Following the audit, we deliver a detailed report and follow up with:
- Independent evaluation report delivery
- Clear findings and practical recommendations
- Actionable steps to enhance AML compliance
- Follow-up consultation to discuss implementation
- Ongoing support and guidance available
Get Your Free Initial Consultation
Request a Free Consultation with one of our experienced AML Lawyers today.
Ongoing Support After Your AML Audit
Once your AML audit is complete, AML House continues to support you in maintaining a robust compliance framework. We understand that AML compliance is an ongoing process and provide services to help you implement audit recommendations and stay ahead of evolving regulatory requirements.
Implement Audit Recommendations
Tailored support to implement the recommendations from your AML audit, ensuring effective remediation of identified gaps and vulnerabilities within your AML program.
Ongoing Guidance & Support
Continuous expert guidance to meet ongoing compliance requirements, including updates on regulatory changes, best practices, and industry developments relevant to your business.
Updated Policies & Procedures
Assistance in updating your AML policies and procedures to reflect audit findings and regulatory changes, ensuring your documentation remains current and compliant.
Further Staff Training
Staff training programs to promote a deep understanding of AML obligations and best practices across your organisation, reinforcing a culture of compliance.
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.
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.
.
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.
.
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.
Why Choose AML House?
Choosing AML House means partnering with specialist AML/CTF experts dedicated to providing practical and effective solutions. We go beyond simply creating documents; we build robust, tailored AML programs that truly protect your business and ensure sustainable compliance.
Specialist AML/CTF Expertise
AML House comprises lawyers and compliance specialists with deep expertise in AML/CTF regulations, ensuring your program is developed with the highest level of knowledge and accuracy.
Tailored, Risk-Based Programs
We understand that every business is unique. Our programs are meticulously tailored to your specific business model, risk profile, and industry, ensuring effective and relevant compliance.
Practical & Actionable Solutions
We focus on providing practical, actionable solutions that are not only compliant but also seamlessly integrated into your business operations, enhancing efficiency and effectiveness.
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 Programs
What is an independent AML audit?
An independent AML audit is an objective assessment of your AML/CTF program and risk assessment conducted by external specialists to ensure compliance with AML regulations and effectiveness in mitigating money laundering and terrorist financing risks.
Who is required to have an AML/CTF program review or audit?
Reporting Entities covered under the AML/CTF Act are obligated to have their AML/CTF program independently and regularly reviewed to ensure compliance with AML audit requirements.
How often should an AML audit be conducted?
High-risk organisations should have independent reviews of their AML compliance program at least every two to three years, or more frequently if there are significant business changes or compliance issues. The frequency should be risk-based, considering the nature of your business and its risks.
What is the purpose of an AML/CTF program review or audit?
The purpose is to assess the effectiveness of your AML/CTF Program, its compliance with AML laws and regulations, its implementation across your business, and your adherence to it, ensuring it is designed and implemented to detect and prevent financial crime.
Who can conduct an independent AML review or audit?
An independent reviewer must be someone who was not involved in the design, implementation, or maintenance of your AML/CTF program or the functions being reviewed to ensure an objective and unbiased assessment.
What is included in an AML independent review or audit?
An AML independent review should assess the effectiveness of your AML/CTF Program, its compliance with AML laws and regulations, the effectiveness of its implementation, and your business’s adherence to the program.
Why is independent review or audit important for AML compliance?
Independent review is important because it helps protect your business from money laundering and terrorist financing risks, keeps you updated with AML legislation, improves processes, addresses issues early, and minimises negative regulatory attention.
What does an AML audit under Rule 8.6 involve?
An AML audit under Rule 8.6 involves testing the effectiveness of your AML-CTF program, its alignment with AML laws and regulations, its effective implementation throughout your organisation, and your adherence to it.
